Tag Archives: Retirement Savings

You’re “investing” in your house, after all, so it’s not consuming your future wealth, is it? 

Our easy finance culture makes it simple to borrow to get the things we “deserve”, and coupled with a dose of excusitis, we convince ourselves that we’ve made an “investment”.
The idea is that when you retire, your super can be used to pay off your supersized mortgage. The problem here is that you’ve just consumed your retirement savings in one fell swoop paying off the bank. It won’t be long before the banks here want to know how much KiwiSaver you’re expecting when you turn 65. NZ Herald