Approaching 65 is an exciting milestone for KiwiSaver members — it’s when you gain full access and control over the retirement savings you’ve built throughout your working life.
Making your KiwiSaver last a lifetime
Whether KiwiSaver represents the bulk of your retirement savings or complements other investments, many Kiwis face the same question – how do I make these hard-earned funds last throughout my retirement? We don’t want you to exhaust your savings in the early years of retirement, leaving yourself financially vulnerable later in life.
Your options after you reach 65
Reaching retirement age doesn’t mean you have to immediately withdraw everything. KiwiSaver offers several flexible approaches:
- Keep your funds invested with your provider, allowing continued growth through investment returns.
- Arrange flexible withdrawals – either regular income payments or occasional lump sums for specific needs.
- Continue making contributions to boost your financial security even further.
- Access all your funds including government and employer contributions at any time.
- Combine these options to create a strategy that works for your unique situation.
Staying with KiwiSaver
Many retirees discover significant advantages in keeping at least some funds in their KiwiSaver:
Potential for higher returns – Investments typically deliver stronger long-term returns compared to traditional bank savings accounts. Over time, this difference can substantially impact how long your money lasts.
Investment flexibility – KiwiSaver offers various investment options designed to match different retirement needs, whether you’re seeking steady income, continued growth, or a balanced combination.
Professional support – Staying in KiwiSaver means maintaining access to financial advice from our Cole Murray Wealth Advisers as your needs evolve throughout retirement.
How we can help
Retirement is a big change when it comes to your finances. Instead of just growing your savings, it’s now about making your money last. KiwiSaver doesn’t stop at 65.
Our Wealth Advisers can create a Retirement Plan to help guide you into this new phase where smart choices and flexibility can help you make the most of what you’ve saved.
Whether you are already a KiwiSaver client at Cole Murray Financial Advisers, or you have your KiwiSaver somewhere else, come and chat to our Advisers about your retirement options. Get in touch with the team and arrange an appointment. Or if you have any questions, please don’t hesitate to give us a call on 06 870 7050.
