Retirement is something to look forward to - a new way of being and lots of new experiences ahead. However, there is one big concern, and that is making sure there is enough money to provide a comfortable lifestyle until the end of life.
Accumulating money in a KiwiSaver or superannuation scheme is straightforward; it's just a matter of setting up a regular payment into the scheme where it is managed.
Once the funds become available on reaching retirement, the big question is what to do with them.
In simple terms, most retirees want an ongoing income that is higher than NZ Superannuation and access to occasional lump sums for big one-off expenses such as buying a new car or travelling overseas.
One solution for this is to have an investment portfolio that comprises an annuity to provide ongoing income and a lump sum invested in liquid assets that can be sold to release additional funds.