Planning a retirement may not be on your to-do list right now, but it can come sooner than you think.
Questions like, How much will I need to retire? Can I ever afford to stop working? How do I make sure my money lasts as long as I do? may be lingering around your mind, and Martin Hawes, one of New Zealand’s best-known experts on personal finance, is here to answer all the questions with his new book Cracking Open the Nest Egg – How to Make Your Retirement Savings Last the Distance.
“I have seen many clients struggle with retirement and, especially, investing and how much to drawdown. There’s a real fear of the money running out,” said Hawes.
Working out how to achieve a regular retirement income is much more complex than it used to be. Historically low-interest rates plus longer life expectancy means the old method of parking your nest egg in a savings account and living off the interest is no longer an option.
Hawes guides readers step-by-step through the process, showing how to create a regular income that will last a lifetime safely and explaining how to plan for the “decumulation” of a retirement savings nest egg.
Cracking Open the Nest Egg will help New Zealanders to take control of their financial future and achieve confidently the kind of retirement they have always wanted.