In this episode, we discuss a report released a few years back by the Financial Markets Authority, with research conducted by Colmar Brunton.
The report looking into what regular Kiwis wanted out of their retirement. The report found that:
- 86% of people surveyed wanted to have enough money to meet their every day to day financial needs and fund lifestyle aspects such as travel or a new car
- And only 38% of those surveyed wanted to leave an inheritance.
This suggests that most Kiwis want to have a "well-off" lifestyle in retirement and therefore will need about $100,000 of passive income every year.
We also talk through the other findings of the report.
The final report we mentioned was the Epic Guide to Property Investment, which is our 16,000-word guide to investing in the New Zealand property market.