Retirement today looks somewhat different to what it may have done a generation or so ago. With average life expectancy over 80 for both men and women in New Zealand, greater savings are required to fund a longer timeframe in retirement.
If well-prepared, retirement can present an opportunity to step into a fulfilling, purpose-driven lifestyle aligned with your passions for a number of years beyond the age of 65.
Investment advisers at Craigs Investment Partners not only manage clients’ portfolios but also help them achieve financial freedom and security in retirement, so they can enjoy that next exciting chapter of their lives.
The path to a rewarding retirement lies in planning well ahead so that you will be able to nurture what brings you joy, stay connected and active, and embrace the freedom that years of dedication and hard work have made possible. Here are some reflections gathered from helping clients achieve their investment goals.
Dream big, then invest in those dreams
When a Craigs investment adviser meets with clients, the first step isn’t about numbers; it’s about visualising how they want their retirement to look. Maybe you imagine exploring New Zealand’s most scenic trails in a campervan, finally taking that long overdue overseas adventure, or writing the novel that’s been on your mind for years. Dreams like these should help inspire your investment strategy, taking into account your risk appetite and investment timeframe.
Redefine what retirement means
Retirement can be about reaching a stage where you can choose how to spend each day, whether that’s part-time work, volunteering for a cause you’re passionate about, or immersing yourself in a creative project. If you can achieve “financial independence” in retirement, it can be a period in your life where you can truly live life on your own terms.
“Paycheque anxiety” or concerns about no longer receiving a regular pay to support your lifestyle can sometimes cloud the positives around retirement. By working with a Craigs investment adviser to build an income-generating investment portfolio, you can create income security to support your life and lifestyle in retirement.
Your path and investment strategy is personal
Your retirement investment strategy should be as unique as you are, flexible to adapt to life’s changes along the way. That’s why investment advisers at Craigs Investment Partners believe in truly personalised investment advice, focused on creating a portfolio that aligns with your individual aspirations.
It’s never too early to start considering the life you want to create in retirement and investing today can provide you with flexibility and freedom to make the golden years how you envisage them. If you are already in retirement there is also always time to re-look at your plan and how this is supporting your objectives and aspirations.
Contact Craigs Investment Partners adviser Dwight Egelhof for more information – phone 07 981 2556 or email dwight.egelhof@craigsip.com.
Disclaimer: This article is general in nature and should not be regarded as specific investment advice. It does not take into account your financial situation, objectives, goals, or risk tolerance. All investments involve risk and can go down as well as up. Craigs Investment Partners Limited is a NZX Participant firm. Dwight Egelhof’s adviser disclosure statement is available on request and free of charge. The Craigs Investment Partners Limited Financial Advice Provider Disclosure Statement can be viewed at craigsip.com/terms-and-conditions. Please visit craigsip.com.