Book review: New Zealand Retirement Guide

Not only is this important stuff to get nutted out as early as possible, but this is the definitive guide to figuring it all out.

New Zealand Retirement Guide by Martin Hawes
Penguin, $40

review nz retirement guide martin hawes idealogWith the problem of an ageing population being largely ignored by politicians on both the left and the right, and Kiwisaver now commonly accepted as a ‘no- brainer’ solution for retirement saving, the issue of how you’re going to live after you hit 65 is
a hot topic.

Enter Martin Hawes’ New Zealand Retirement Guide. No, no – don’t start yawning! Not only is this important stuff to get nutted out as early as possible, but this is the definitive guide to figuring it all out. Hawes, an author and financial columnist for the Sunday Star-Times, focuses on the nuts and bolts – such as housing, income, investments – but also gets you thinking about how you want to live once you’ve traded in the nine-to-five for a Zimmerframe.

Will you work part-time or as a contractor during retirement, for example? Can you maximise your passive income by renting out extra space? What about downsizing to free up some capital?

Hawes also tackles the less pleasant aspects of retirement hooks, such as watching out for Ponzi schemes and eroding capital by overspending.