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"A recent study by Colmar Brunton, commissioned by the Australian Institute of Superannuation Trustees, found that some Gen Ys start to get interested in superannuation very early on. When asked what age they were when they first considered which specific superannuation fund suited their needs, the average answer for Gen Ys was 24 years."
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If you save for 10 years between the ages of 25 and 35 you will end up with more at 65 than if you saved the same amount for 30 years between the ages of 35 and 65! JP Morgan has put together this great graph on how compounding interest can work. “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” – Albert Einstein
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We would like to say a massive thank you for all of your referrals we received for the Generate a Lead and Win Referral Prize Draw!
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Consider this: "The best form of saving that any individual can make on average is to reduce their borrowing, and in most cases this means paying off credit cards, and then their mortgage as soon as possible."
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Few KiwiSaver investors seek professional financial advice but television soap opera Shortland Street could give an unlikely boost to financial literacy, a researcher says.
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Cautious investors wanting to reduce impact of failures should consider the spread of their investments.
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New research from Mercer has highlighted that the majority of New Zealanders do not fully understand KiwiSaver, particularly in relation to member tax credits and tax rates. The findings indicate many New Zealanders are missing out on benefits they may be entitled to, but despite this almost three quarters view KiwiSaver as a positive way to save for retirement.
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Decorated war veteran, Jim (Pee Wee) Martin, of Xenia, Ohio, touched down Thursday on the same French field he and other members of the 101st Airborne Division heroically landed on in 1944
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The Reserve Bank is expected to increase the official cash rate again tomorrow putting more pressure on mortgage holders budgets. But should you cut your KiwiSaver contributions and divert the money into paying for higher loan costs?
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Contrary to rumours, Govt has no plans to muddy retirement scheme, and hardship withdrawals are possible
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