How to manage your retirement savings in your golden years – Diana Clement
The 6% rule allows retirees to withdraw 6% of their total retirement savings annually. The money isn’t going to last as long, but research shows that people tend to spend less as they age, said Alison O’Connell, a member of the New Zealand Society of Actuaries who has a background in the pensions industry. The […]
Debt snowballs and debt avalanches – how to pay ongoing costs in the New Year – Diana Clement
Advisers and mentors such as Lange are often contacted by people in the New Year who don’t know how they are going to pay for essentials. Some people will have overspent, while others may have been through relationship breakups over the summer and have no idea where to start to dig their way out of […]
How to bank better so your money goes further – Diana Clement
Better banking can help make your money go further. Photo / 123rf OPINION Banks make billions from us. So why not get a bit back by using their services more effectively? Start by opening sub accounts and earmark them for mortgage/rent, utilities/fuel, groceries, emergency fund, short term savings, long term savings, and fun. I did […]