Could you be $1.5 million better off?
Have you reached out to a financial adviser recently or received financial advice in the past? You could be well on your way to being $1.5 million dollars better off. It’s not only that though… you could have six times as many holidays as someone who has never received financial advice.
"New Zealanders who get advice save more, invest more, travel more and overall have improved wellbeing. On average, financial returns for Kiwis that get professional advice are 4% better than those who don’t, they save 3.7% more, and travel six times more”, says Richard Klipin, CEO of the Financial Services Council.
“To put this 4% into real terms; if a 25-year-old were to take financial advice and saved $2500 per year, they would be $1.5 million better off at 55 than if they didn’t take advice. That’s a remarkable difference, and a benefit that many more New Zealanders should be receiving.”
Do I need a financial adviser?
There are certainly benefits to getting advice; we know from our research into advice in New Zealand that Kiwis who get it are better off. Advised Kiwis:
are more confident
are more financially knowledgeable
manage risk better
save more of their income
rate their overall wellbeing higher
Financial advice, and the long lasting effects on KiwiSaver.
Money and You also found that New Zealanders who get financial advice, on average, have KiwiSaver balances over 50% bigger than those who don’t. At Compound Wealth, we are financial advisers that specialise in KiwiSaver. We want to ensure you are making the most out of your KiwiSaver.
Do you know who your KiwiSaver is with?
Do you know which fund you are in?
Are you uncertain if your KiwiSaver is optimised for you and your goals?
If the answer is ‘Yes’ to any one of those questions, and you want to receive free advice in respect to your KiwiSaver, start filling out the fact find below to get a clearer idea of your KiwiSaver situation, and some changes that could help for the long run. The questionnaire takes no longer than 3 minutes to complete.
The Financial Services Council surveyed 2,000 Kiwis to understand why New Zealanders don’t seek help with their finances, and to unlock the myths about what good support means and how it reduces financial stress. You can read the latest reports from the Financial Services Councils’ website here, or view a copy of the Money & You August 2020 report here.
Are you interested in understanding more about KiwiSaver, Investing or Financial advice in general? Please reach out to us today for a quick chat, or complete one of our quizzes below and we will be in touch to discuss your KiwiSaver or Investment options.
Compound Wealth are based in Mount Maunganui, Tauranga and offer KiwiSaver, Investment & Retirement Financial Advice to clients all over New Zealand.