The last few years before retirement are an opportunity to put investment strategies in place that will help your available resources last the distance. When we talk about investment strategies for retirement, it is best to define retirement as that stage when you are reliant on your own financial resources to top up your pension income. The most important point to keep in mind is that investment strategies for growing your retirement nest egg are very different from the strategies needed for generating an income once you are retired. This means the emphasis in a pre-retirement investment portfolio (including KiwiSaver) is on growth assets such as property and shares. In the last few years before retirement, try living on a smaller budget which will be more in line with your post retirement income.

Source: Stuff May 30, 2022 03:39 UTC