Could you be $1.5 million better off?
"New Zealanders who get advice save more, invest more, travel more and overall have improved wellbeing. On average, financial returns for Kiwis that get professional advice are 4% better than those who don’t, they save 3.7% more, and travel six times more”, says Richard Klipin, CEO of the Financial Services Council.
“To put this 4% into real terms; if a 25-year-old were to take financial advice and saved $2500 per year, they would be $1.5 million better off at 55 than if they didn’t take advice. That’s a remarkable difference, and a benefit that many more New Zealanders should be receiving.”
The Financial Services Council surveyed 2,000 Kiwis to understand why New Zealanders don’t seek help with their finances, and to unlock the myths about what good support means and how it reduces financial stress. You can find out more about the Financial Services Councils’ report here, and their following press release here.
Financial advice, and the long lasting effects on KiwiSaver.
“Money and You also found that New Zealanders who get financial advice, on average, have KiwiSaver balances over 50% bigger than those who don’t”. At Compound Wealth, we are financial advisers that specialise in KiwiSaver.
Do you know who your KiwiSaver is with?
Do you know which fund you are in?
Are you uncertain if your KiwiSaver is optimised for you and your goals?
If the answer is ‘Yes’ to any one of those questions, and you want to receive free advice in respect to your KiwiSaver, start filling out the fact find below to get a clearer idea of your KiwiSaver situation, and some changes that could help for the long run. The questionnaire takes no longer than 3 minutes to complete.