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	Podcast:		NZ Guide to Financial Freedom
	Episode:		Quick Fire Finance - How Much Do You Need To Retire? / Greg Moyle
	Category:		Business
	Duration:		00:06:46
	Publish Date:		2020-10-13 13:00:00
	Description:		The quick fire finance question of the day: "My latest KiwiSaver statement projected a balance of $253,000 when I’ll turn 65 in 14 years, allowing about $200 per week. I thought that sounded positive, until I went to ANZ’s KiwiSaver calculator, which said that for a comfortable life I would need about $1.65 million, or $1,190 per week (cash, after housing) — about twice what I can expect from combined KiwiSaver and NZ Super. A back of the envelope calculation shows that this weekly cash is much higher than what one gets from NZ’s median income. Is it reasonable to assume that we need so much more money in retirement than during working life? How can the average person save so much?" Source: NZ Herald 25 July 2020 Once again for those wanting their question answered on the podcast email me at ryan@oneplan.co.nz, send a voice message below or capitalise on our free online tools and advice: Find Out How We Can Help You Get A Free Book and Subscription To Ryan's Weekly Newsletter Find Ryan On Social Media Have Your Podcast and Audiobook Edited by NZ Audio Editors. Come To Our Next Business Strategy, Innovation & Leadership Event
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