Please note that this content has been designed for informational purposes only and does not constitute individual financial advice.
Your retirement planning includes knowing how much you’ll need to live comfortably when you retire and how you’ll grow that wealth. But does your retirement planning also include how you’ll manage that money once you’ve retired? Because it should.
You’ve put years of effort into investing for a comfy retirement, so when you get there, you don’t want to be at a loss for what to do with all that money.
Do you liquidate it all – sell all your investments and stick them in your bank account? Or is there something more strategic you can do so you have a steady flow of money hitting your bank account each week? (Getting the help of a financial adviser to help you figure this out wouldn’t go amiss).
If you don’t have a plan, don’t stress. As Hannah McQueen told Lloyd on Lloyd Burr Live, 95% of Kiwis don’t have a plan for their retirement – whether that’s knowing how much they’ll need or how they’ll make their retirement funds stretch for the 25-odd years they might need it for.
She also chatted with him about the things you need to consider as part of your retirement planning – from knowing how much you’ll need, what you might need to do to ensure you have enough – as well as what to do with all that money once you need to start using it.
Disclaimer: This blog post is for informational purposes only and does not constitute individual financial advice. If you’re interested in receiving personalised financial advice, you can book in a consultation with an enable.me coach. Costs apply.