How much capital do I need to retire comfortably on ?

[Bjauck]

NZ super is not a benefit. It is a universal entitlement. Superannuitants are not 'other beneficiaries'.
If learning to earn a living is not relevant when setting voting age, why not make it five? Surely if they are old enough to go to school, they are old enough to have their say in the system.

You need to apply to WINZ and satisfy their criteria for payment as with other WINZ payments.

I didn’t know 5 year olds, like 16 year olds, were able to apply for an adult passport, to be criminally responsible, get married, apply for a gun licence, choose where they live, work as an adult, leave school, drive.

So 16 year olds can drive, own a gun, get married and have legal blessing to become parents. They have legal capacity to act as an adult in life’s most adult, and indeed most dangerous, of decisions and activities, yet they cannot vote in an election. It is patently ridiculous.

[stoploss]

You need to apply to WINZ and satisfy their criteria for payment as with other WINZ payments.

I didn’t know 5 year olds, like 16 year olds, were able to apply for an adult passport, to be criminally responsible, get married, apply for a gun licence, choose where they live, work as an adult, leave school, drive.

So 16 year olds can drive, own a gun, get married and have legal blessing to become parents. They have legal capacity to act as an adult in life’s most adult, and indeed most dangerous, of decisions and activities, yet they cannot vote in an election. It is patently ridiculous.

18 is legal age of marriage in NZ . If you are 16 -18 you require consent

[Bjauck]

18 is legal age of marriage in NZ . If you are 16 -18 you require consent

You still have capacity to legally marry. The difference is that there is an extra step - obtaining the consent of a family court judge, Despite the extra requirement the marriage of a 16 or 17 year old is of equal standing to any other marriage.

[iceman]

You still have capacity to legally marry. The difference is that there is an extra step - obtaining the consent of a family court judge, Despite the extra requirement the marriage of a 16 or 17 year old is of equal standing to any other marriage.

16 is also ridiculous for getting married and the law should be strictly enforced at no less than 18

[Beagle]

What happened to discussion on the subject matter of this thread ? With dramatically rising inflation I would have thought that might still be a subject worthy of debate or maybe the question has already been answered ?

[stoploss]

Good point Beagle, in addition to a freehold house .I think it will now be necessary to have a new EV at retirement as you sure won't be able to do many trips at $ 3.00 + a Litre.

[fungus pudding]

Good point Beagle, in addition to a freehold house .I think it will now be necessary to have a new EV at retirement as you sure won't be able to do many trips at $ 3.00 + a Litre.

Nearly every NZ house is freehold, which simply means it is not leasehold, (freehold = held in fee simple). I think you mean in addition to an unencumbered house. The term 'freehold' gets thrown around loosely for a house without a mortgage, but it is not correct and should not be used in any forum concerned with financial matters. Although nearly every NZ house is freehold, over 50% of them are mortgaged. The correct term for a mortgage free property is unencumbered.

[Bjauck]

Good point Beagle, in addition to a freehold house .I think it will now be necessary to have a new EV at retirement as you sure won't be able to do many trips at $ 3.00 + a Litre.

Maybe large self sufficient retirement villages with several ways for retirees to secure unit occupancy could be the answer. Supermarkets and services could be within the village site, with electric “golf carts” for each household for transport within the village.

[ynot]

Good point Beagle, in addition to a freehold house .I think it will now be necessary to have a new EV at retirement as you sure won't be able to do many trips at $ 3.00 + a Litre.

You can buy a vast amount of petrol for the cost of a new EV.
Maybe 10 years worth of petrol.

[Beagle]

Good point Beagle, in addition to a freehold house .I think it will now be necessary to have a new EV at retirement as you sure won't be able to do many trips at $ 3.00 + a Litre.

Living costs are definitely going up