Do you know your retirement number?
Your retirement number is not just a savings target. It is the amount of income required to support the way you want to live once work stops or slows down. Understanding this number means looking at expected spending, the role of the pension, KiwiSaver income, and identifying any shortfall that needs to be funded.
In this video, Tim explains how to think about your retirement number, why the gap between income and expenses often surprises people, and why this question matters, whether retirement is decades away or just around the corner.
Knowing your retirement number is a key step in building confidence about your financial future and making informed decisions as life changes. Click on the link below to watch Tim’s video. He discusses important details you need to know now, no matter your age.
This information is of a general nature and is not intended as personalised financial advice. RIVAL Wealth is a Financial Advice Provider (FAP) licenced by the Financial Markets Authority to provide financial advice. Our disclosure document is located at rivalwealth.co.nz or a written copy is available on request
