5. Do I Actually Need To Think About Retirement In My 20s & 30s?

Today on the podcast we are tackling the question of:

DO YOU ACTUALLY NEED TO START PLANNING RETIREMENT WHEN YOU'RE IN YOUR 20s & 30s?!

Retirement. A far-away idea, but one that's most likely going to be a reality for us all. If you're in your 20s or 30s, the question of whether you're going to have enough money to retire with has probably crossed your mind. Buuut it might not have been important enough to kick you into action.

So, what to do? Is our retirement actually something we need to be thinking about now, given its 30+ years away? Let's discuss!

In this episode we cover: 

• Whether it's important to be thinking about and actively working towards your retirement from a young age
• How to figure out your magic retirement number – using two different methods
• How much money Cat & Christine hope to have to retire with, and why
• How much you may need in retirement based on a HEAP of data
• Why relying on your mortgage to pay fund your retirement might not be the best strategy to retire comfortably

If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/5

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.

SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify

Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz