Episodes
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Everyone has an employment contract, but what should you be aware of when presented with a new one?
Some key parts that you'd think are a given may also be missing, so what shoud you make sure you have?
MyHR's Chief Evangelist Sylvie Thrush-Marsh joins Tim Beveridge to answer your employment questions.
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With Property becoming less of the golden-goose egg we've made it out to be, people are focusing more on how else they can be financially stable - and with that stability, comes being disciplined with your money - and keeping your spending affairs in order.
But how can we do that with loyalty programmes encouraging us to save? and mid-year sales going around?
How do we keep our eyes on the long-term goal, and stay on track with our savings?
Where should we even start, if we're so far behind?
Author of Money Matters, Finance Specialist and Mentor Amanda Morall - joins the Weekend Collective to help out.
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Generate Kiwisaver's Nathan Stanners joins Tim Beveridge to chat National's compulsory Kiwisaver policy - and whether it's a good policy for the our retirement savings pool.
They also talk how your risk profile should change the closer your get to retirement.
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Earlier this year, a Christchurch businessman was found borrowing millions of dollars against his family trusts for his clothing company - racking up a $3-million dollar spend.
His sister prompted legal action, and two homes had to be sold as collateral.
But that brings up a question - what can we leave behind for our children and family that won't just be squandered or swindled?
Trusts and inheritance is a something most families will have to deal with when older-relatives pass, so how assured can we be that assets are protected?
Managing Director for New Zealand Family Trust Servicers, Janet Xuccoa joins Tim Beveridge for Smart Money...
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This week's budget announcement had a focus on sorting out the books, and no straight sugar hits for individuals.
Infrastructure, healthcare and education seemed to be the clear priority of our fiscal plan, but three relief for the cost-of-living pressure many face.Along with that, council rates have gone up for Auckland and the South Island's West Coast, and the Reserve Bank's signalled that there will be an increase to the OCR shortly - so the period we've seen of low interest rates on a mortgage is coming to an end.
So how can we prepare ourselves for a toughening economy? Was it good that we didn't have any government handouts?
Managing Director for the Private Office - Nick Crawford - joins Tim Beveridge for Smart Money...
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Retirement is the time most people dream of, the days where you no longer need to work or study, and you can enjoy a slow and simple life. But what does it actually take to retire?
And, when Super is under threat, and the only stable thing about the global economic climate is its instability, can we rely on the pension being there when we're ready to retire?
Author of Money Matters Amanda Morrall chats to Tim Beveridge about how much money you really need to retire.
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The age of retirement is back in the forefront of news this week after a report from the OECD recommended means testing the age of eligibility for NZ Super or risk an unsustainable rise in public debt.
The agency says New Zealand's ageing population will continue to become a prevalent issue as the government tries to pull the economy out of the red.
But some finance experts say we shouldn't be relying on the government to fund our retirements, and super should be treated as a bonus rather than a survivable income.
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All investment accounts are a bit touch and go at the moment.
If you're checking your KiwiSaver more than a few times a year, the amount of movement could really start to get to your head.
But for those close to or at retirement age, or about to withdraw for whatever reason - a volatile market can make all the difference.
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Divorce is still one of those taboo topics we tend to avoid, but up to 40% of marriages end that way here in New Zealand, so it's probably about time we become a bit more comfortable with it.
It's not always a hostile end, some couples are even able to "DIY" their split in a sense - but is that really a good idea?
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We often think of trusts as a way to protect your assets, especially if you work in certain fields - but a surprising number of regular families use them for a range of reasons.
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The hot topic on everyone's minds right now is the price of petrol and diesel.
It seems to be impacting the price of just about everything else, and we're staring down the barrel of a major risk of high inflation.
The OCR remains steady for now, but it's only a matter of time before interest rates are on the up once again.
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Prices are going up.
Food prices are up, and will keep going up alongside fuel. Practically any goods that travel by land air or ocean to get to you will become increasingly unaffordable for the foreseeable future.
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Tensions are high for everyone right now, and I know most people will either be nervously checking their KiwiSaver balance on the daily, or completely ignoring it until things calm down a bit.
The most repeated advice advisors will be giving right now is to simply ignore your balance for the time being - that by the time the first bomb dropped, it was too late to change anything. But is that really true?
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From April 1st, the KiwiSaver minimum default contribution rate will move up to 3.5%.
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We've all found ourselves day dreaming about where we'd spend a big Lotto win at one point or another.
Realistically, many of us will come into a major windfall - but it's likely to come in the form of a bonus at work, or an inheritance.
Is it okay to buy a new car and go on holiday? Or should we invest it all?
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Ethical investing seems to be a hot topic when it comes to choosing an investment fund or KiwiSaver provider.
I've often heard providers boast that their fund is ethical - they avoid weapons manufacturers, focus on renewable and sustainable energy - you won't feel a possible sense of guilt around where your money is going.
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We've started to see spots of what looks to be recovery in our economy over recent months.
It's not consistent, but it's frequent enough to give us some hope for the year to come.
Westpac is picking a whole lot of OCR hikes from the end of this year, and other forecasts seem to set a similar scene - a better economy is coming, and rates will have to reflect that when the time comes.
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Growing older is expensive - much more expensive than most people realise.
When you or a loved one either decides to move into aged care or is forced to do so, the Ministry of Social Development will quickly swoop in to flip through all their finances.
Any assets, gifted funds, trusts, even living rent free - it's all looked at and impacts their chances of government-subsidised care.
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Relationships cost money.
It's not just about date nights at expensive restaurants, fancy shoes, or a new watch for Valentine's Day.
It's moving in together, splitting the power bill, signing on to the rent. At what point in the relationship should you join your finances, and how should you go about it?
Then there's the other side of the relationship - the part no one tends to plan for. The end of it.
Are prenups just for the ultra-wealthy, or should we all have gotten one?
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As you get older, your health becomes more and more of a worry, so life insurance seems like a no-brainer. But is it? Do you really need it after the mortgage is paid and the kids are on their own?
And what policies are must-haves, against ones that are just nice to have?
Financial Author Martin Hawes joins Tim Beveridge to give his insurance advice and explain the pros and cons of different policies.
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