Financial Advice New Zealand’s partnership with Massey University’s Financial Education and Research Centre (Fin-Ed Centre) has been extended for three years to continue research into the cost of retiring.
The guidelines, developed by the Fin-Ed Centre’s researchers, offer data and analysis on the costs associated with retirement living in New Zealand.
These guidelines, states Financial Advice NZ, provide an important tool to ensure individuals, financial advisers, and policymakers make informed decisions about retirement savings and expenditures.
Nick Hakes, CEO, Financial Advice New Zealand says: “The NZ Retirement Expenditure Guidelines research is instrumental in guiding the decision-making of advisers and their clients, and that their financial plans align with the realities of retirement living in New Zealand.”
He says that by 2030 it is estimated that 20% of the country’s population will be aged over 65 years.
The 2024 New Zealand Retirement Expenditure Guidelines are scheduled for release in November. Click here for the 2023 findings.