When is it a bad idea to put more into KiwiSaver?
11/27/24 • 18 min
Welcome to Ask the Experts, where each week we talk to people in the industry to get the inside word on what’s happening right now, and what that means for the tactics that you should use to make the most of your money.
This week we’ve partnered up with AMP, which has kindly leant us their expert, client adviser Devon Walen, and we’re talking about if there are times when putting more into your KiwiSaver can actually be a bad idea.
Links
Follow Frances Cook on Facebook, Instagram and TikTok, or join the Money Memo newsletter for a free weekly money tip in your inbox each week.
Hosted on Acast. See acast.com/privacy for more information.
Welcome to Ask the Experts, where each week we talk to people in the industry to get the inside word on what’s happening right now, and what that means for the tactics that you should use to make the most of your money.
This week we’ve partnered up with AMP, which has kindly leant us their expert, client adviser Devon Walen, and we’re talking about if there are times when putting more into your KiwiSaver can actually be a bad idea.
Links
Follow Frances Cook on Facebook, Instagram and TikTok, or join the Money Memo newsletter for a free weekly money tip in your inbox each week.
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
BONUS: How do you talk to your kids about money?
Frances Cook talks kids and money with Chris Chang, on TVNZ's Breakfast.
Last week I was on TVNZ’s Breakfast, talking to Chris Chang about some strategies to talk to your kids about money.
Particularly with Christmas coming up, can it be a present? What’s the best way to go about it?
I get these questions in my inbox all the time, and the Breakfast team were nice enough to say I could put the audio up here as well, for you to listen to. Enjoy.
Links
Follow Frances Cook on Facebook, Instagram and TikTok, or join the Money Memo newsletter for a free weekly money tip in your inbox each week.
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
“I regret paying off my mortgage early” - financial analyst Nick Carr
Nick Carr, financial analyst from Your Money Blueprint, shares why he regrets paying off his mortgage early, and the numbers behind why he would have invested into shares instead.
Paying off the mortgage early is a good thing... right?
Well, one New Zealander worked hard to do that, and then decided, he’d actually shot himself in the foot.
When a big accident happened, the money he’d sunk into the mortgage wasn’t available, when he could have done with some cash savings to get through a tough time.
Meanwhile, he later discovered investing into shares, and on looking back wished he’d put more money into those investments instead.
So when is paying off the mortgage early a good idea, when is it not, and how do you balance it all?
Here’s how he would handle it now if he had his time over again.
Links
Follow Frances Cook on Facebook, Instagram and TikTok, or join the Money Memo newsletter for a free weekly money tip in your inbox each week.
Hosted on Acast. See acast.com/privacy for more information.
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