Big gap between retirement expectations, reality as few older Kiwis plan ahead

Tue, 11 Aug 2015

By Fiona Rotherham Aug. 11 (BusinessDesk) - New Zealanders' expectations and experience of retirement show a yawning gap between hopes and reality and little financial planning to achieve their goals, a new study has found. Just over 1,000 people responded in April to the survey commissioned by the Commission for Financial Capability and the Financial Markets Authority. Almost half of respondents over 50 haven’t yet figured out how they will reach their retirement goals, while 40 percent stopped working without a financial plan. Onl...

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