Скачать или смотреть “Do I really need a million dollars to retire?” Mailbag episode

Nothing spikes the heart rate quite like seeing a headline claiming you need a million dollars to retire.

This week’s Ask the Experts listener is 47, the kids are nearly out the door, and retirement planning in New Zealand has suddenly stopped feeling like a ‘one day’ problem.

Which means the recent run of articles about retirement savings, retirement villages, or aged care costs are sending her straight into panic mode.

She’s heard the horror stories, of complex retirement village contracts, huge upfront costs, expensive aged care facilities, and now she’s worried she’s already missed the boat. How much do you actually need to retire in NZ? Is a million dollars realistic? Should you be downsizing the family home once the kids leave, or is it too early to make that call?

Will White from Heartland Bank joins the show, to strip away the scare headlines and focus on what really matters. What retirement costs most people forget to factor in, how lifestyle choices affect how much you need, and why being “behind” at 47 doesn’t mean you’re out of options.

If you have a letter you’d like us to answer, please send it through to [email protected] and you might feature on our next episode!Follow me everywhere!

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This podcast was filmed & produced by Fanaticals
Video editing & content production by Lana Byrne
Audio engineering by Tash Chittock

Chapters
00:00 – Introduction
00:52 – Listener letter: 47, kids nearly gone, feeling behind
02:19 – Do you actually need $1 million to retire?
03:22 – Where to start
04:05 – Why paying for a financial adviser can be worth it
05:53 – Hidden retirement cost
07:00 – Lifestyle planning
07:34 – Retirement village myths
11:28 – Breaking down the costs
12:40 – Downsizing reality check: bridging finance and serviceability
16:50 – Outro