Retirement

This topic contains 119 replies, has 39 voices, and was last updated by Profile photo of penn016 penn016 > 7 days ago.

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  • #32738
    Profile photo of dakiwi
    dakiwi
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    Member since: June 29, 2006
    Topics: 16
    Replies: 14

    I now get the Super, but I still wish to work. I only work 18 hours a week, 3 days per week. Work days I wake up raring to go, I just can’t wait to get there. My workmates are awesome, some of the customers are the pits lol. But working gives me such satisfaction. As I live on my own, without work I would be bored stiff. Maybe even become a recluse..ha ha, and that would never do.

    #32739
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Well, da kiwi, isn’t it wonderful! You can work as you please, without getting penalised or “surcharged” for it, for your own and the country’s benefit.
    But think of those who for various reasons cannot work – as indeed it can happen to all of us eventually – wouldn’t then our retirement (and the country’s general) welfare be best protected by a higher rate of more widespread wealth ownership preferably BY ALL?
    And our NZ Super Fund personal accounts would certainly release taxation revenue for spending in other areas. Of course , all this would not apply to us current superannuitants anymore, but for the country to go ahead, shouldn’t we support NZ Super Fund Personal Accounts, leading to the “Ownership Society”, with more job and welfare potential FOR All? – Jens.

    #32740
    Profile photo of piersdad
    piersdad
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    Member since: June 30, 2006
    Topics: 6
    Replies: 163

    Well i was made redundant at 55 and just used my redundancy money to set up a home workshop and taught my self to make violins and cellos.
    wife was still working so income was ok.
    wife took ill with a stroke so now we are on sickness benifit.
    my main hobby all my life was inventing and after souping up the wifes mobility scooter made another one for my self.
    so now we have boy /girl races to the local supermarket.

    recently our son returned from aussie and with a quick renovation of a sleepout we are for the time being in it, and being fed and loved by son DI law and 3 grand children.

    shortly our large section will be subdivided and a proper granny flat and a 3 br unit added to the section so the place will become a sort of family place where each generation moves in and the and the oldies shift down one.

    I am 68 now and still spend most of the day in my workshop making things. and from time to time enjoying the grand children.

    with foster children and extended family we have about 16 grand children so as all the family are on great terms with every one we are one very happy family
    so with lots of hard work and love we have got ourselves in a really nice retirement situation.
    Not wealthy money wise but fabulously rich in love from th efamily

    #32741
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Yes, piersdad, you are a living example of a wealth owning citizen, well able to testify on the benefits of it, as indeed the majority of us Kiwis are. But can’t you (we) see the poverty, misery AND POTENTIAL THREAT to your/ our own (or your/our children’s) welfare security from a potentially widening class of have-nots, with a priority of ever widening benefits at your (our)expense, if socio-economical turmoil is to be prevented? And isn’t the noblest form of charity not just feeding the poor, but helping them to overcome their poverty through their own productivity? Yeah, you can call it self-interest, but it is certainly more enlightened than encouraging dependence on donations(?). Don’t be shy with your opinions on that, we are all a pretty mature bunch. – Jens.

    #32742
    Profile photo of pearly
    pearly
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    Member since: July 30, 2006
    Topics: 21
    Replies: 2458

    i cant wait till im 65 then i get to go on the pension.that will be cool.as it is now when my husband and i got made redundent there was no redundacy payments to us ,our jobs went off shore.have to budget all the way now real carefull and hassled about work thats not in our line,but prepared to give it a go ,but the bosses out there cant be bothered to give u a go.
    so we trying to make the most of what we have got,and get involved in the woodwork shed and craft area,keeps the mind ticking over good

    #32743
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Yes, pearly, I think we all understand the disappointments of those losing their long time jobs in later middle age, which even the reportedly low unemployment rate does not seem to overcome without some feeling of grief.
    At least, in your case your universal super entitlement seems to be a welcome relief to look forward to.
    But are you aware, that with our increasing proportion of longer living superannuitants, our present entitlement rate at age 65 will be endangered for those in their 40s now, without substantial NZ Super Fund assistance?
    As many of us (without extra personal wealth) consider our universal super as barely adequate, I hope you will be among those who, while naturally supporting efforts to increase the universal super rate, would also strongly support an increase in the NZ Super Fund accumulation rate which, with more of it invested in NZ, would also very effectively increase our economic growth rate, resulting in improved prosperity and security for all. – Jens.

    #32744
    Profile photo of jaebird
    jaebird
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    Member since: July 29, 2006
    Topics: 0
    Replies: 5

    I too was made redundant at the age of 63 with 13 months to retirement. As my husband was over 65 I was able to receive a pension as a non qualifying spouse (how I hate that word) and his pension became income tested.I have a part time job but we are still struggling as we have always had low paying jobs. Hopefully when I turn 65 (at the end of this month) things will improve.

    #32745
    Profile photo of pearly
    pearly
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    Member since: July 30, 2006
    Topics: 21
    Replies: 2458

    yes Jens ,i understand it is going to be even harder for those that are younger now, at their retirement age ,and saving is important.we may even have it that retirement will be 70 .then what. i am not knocking the nz superfund ,i just have a problem with compulsary saving when one is on a low wage.
    hi Jaebird,understand completely,so you know just how i would be feeling.we have payed taxes all of our working life and it would be nice to have some respect from some departments that we have to deal with .

    #32746
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Ah, pearly, I take the opportunity herewith to remind you again, that through our NZ Super Fund ALL OF US – including those without taxable incomes and you personally – are participating in compulsory saving NOW – and it is for the good of our country now, and increasingly in the future – AND WE ARE ALL CONSTRUCTIVEL Y COOPERATING ON THIS!
    Doesn’t knowing that make your heart feel warm? – Jens.

    #32747
    Profile photo of InsideOut203
    InsideOut203
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    Member since: April 4, 2006
    Topics: 1
    Replies: 5

    My husband is now 83 and after having played Indoor and Outdoor Bowls for about 20 years or so, he has recently had a fall and his ankles are very sore and painful with arthritis and he can’t seem to be able to stand on his feet for long, so Bowling seems to be a thing of the past. He is rather a people person and needs company. We live in a rural area so there is not much scope for much for him to do. He needs something to do that doesn’t require standing or walking. Are their any ideas to know what he could take up as a pastime and to met some new friends ?

    #32748
    Profile photo of bobbity
    bobbity
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    Member since: September 14, 2006
    Topics: 38
    Replies: 5575

    Is there a possibility that friends and/or acquaintances will gather for card playing or other games that everyone sits down at, inside out?
    Also i have heard that some people are helped with arthritic pain by taking calcium supplements. there are also herbal supplements like ‘devils claw’ and’ yucca’ which help certain people.
    if you can find a way to get rid of the pain he can continue with his beloved bowls.

    #32749
    Profile photo of trogan
    trogan
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    Member since: August 1, 2006
    Topics: 46
    Replies: 1596

    Hi Jens, don’t you wish that Muldoon had left our compulsory alone years ago. I do and curse all the oldies of today who through their greed and short-sightedness voted it out. Funny thing is that these same oldies come on here and other places and moan about being hard up and can’t make do on what they now get. No sympathy from me and I was self employed at the time and thought it was a great idea. Some people have no foresight.Trogan

    #32750
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    rosie
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    Member since: June 28, 2006
    Topics: 5
    Replies: 833

    Hi Inside out, some people I know have tried deer velvet for arthritic pain and it has worked well, though might not be for everyone. Somtimes anything is worth a go, as Bobbity says, if he can get rid of the pain he could continue with bowls.

    #32751
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Yes, trogan, and I am not the only one who wishes that, and that’s why I think our present NZ Super Fund (NZSF) will become the pride of the nation, and its allocation to Personal Accounts (PAs) our first step into Ownership Democracy, making have-not poverty – history!
    But I hope you realise, that Muldoon’s first move to merge the imaginary “Savage Fund” (SF) with the Consolidated Fund was not the mistake to worry about, because that fund had been “misinvested” into public debt, and was therefore no better than the present “PAYGO” superannuation liability.The real thing to be embarrassed and sad about was his abolition of the Norman Kirk Fund, and those professional economists -(including Dr. Brash? A few years earlier he had articulated opposition to compulsory/universal savings as a rule, on the grounds of National being a “liberal” party) – who assured the electorate of National’s “bribe” being sustainable – share the shame and guilt of it, that we now are as far behind, as we are. My apologies, if the last statementy can shown to be wrong. -Jens.

    #32752
    Profile photo of Raywell
    Raywell
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    Member since: November 12, 2006
    Topics: 0
    Replies: 1

    There is a new company in NZ with a very transparent method of equity release, and is gaining a lot of support. view on http://www.silverchoice.co.nz Great for retirees or investors.

    #32753
    Profile photo of trogan
    trogan
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    Member since: August 1, 2006
    Topics: 46
    Replies: 1596

    Isn’t it silly , that when we have saved and skimped to own a home we are bombarded with messages to take out another mortgage, pay more hard earned money out as interest to some loan shark just to go on a holiday , buy a car or what have you. I think that I would have to be the worlds no1 idiot to even think about it. The govt. paid for my big OE back in the 1940, Have never wanted to leave NZ again. TV shows that I am missing nothing. Trogan

    #32754
    Profile photo of condor
    condor
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    Member since: September 1, 2006
    Topics: 0
    Replies: 43

    Quite right Trogan

    #32755
    Profile photo of Jens
    Jens
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    Member since: May 3, 2006
    Topics: 24
    Replies: 5931

    Yes, trogan, I agree – but it might be a reasonable thing to do for those keen for a last “fling” before they go, without family to take over their property and knowing, that they cannot take it with them.
    So, rather than telling them off for wanting to “cash in” for their property, shouldn’t you rather acknowledge their luck to be a property owner like you, able yo enjoy it one way or the other and – as a supporter of the NZ Super Fund – rather tell us whether you think its allocation to Personal Accounts will help towards widening property ownership or not, and why, whatever you think?
    Unless NZ First withdraws it from its its election policies, it will be an election issue in 2008. So it makes sense to discuss it for the sake of a better future for New Zealand. – Jens.

    #32756
    Profile photo of bobbity
    bobbity
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    Member since: September 14, 2006
    Topics: 38
    Replies: 5575

    Yes Trogan the bombarding bit is a bit much, but some people have no money to spare, and since they are gonna die one day anyway, they want to finish their days going to the places they never could before, and doing things they couldn’t before, because of lack of funds.
    I know an older lady, aged 84, who needs a motorised chair to help her get around, also needs new hearing aids etc etc. She has no cash, and the only way to get the money is to borrow against her house.
    to each his own, we all have different reasons for doing things. But since the 1st offer to older people to do this without having to pay it back while alive, the sharks have definitely come out! I agree…

    #32757
    Profile photo of bookartist
    bookartist
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    Member since: September 8, 2006
    Topics: 8
    Replies: 196

    Bobbity if your elderly lady looks at a loan from WINS for her hearing aids she could pay it back at a small amount each pay day, also I have heard there is some government funding now available for a hearing aid. Mobility scooters and chairs, if the need is great can be funded from lottery grants. Contact your OT or Arthritis soc etc.(whatever is relevant to the disability).

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