How much capital do I need to retire comfortably on ?

[clearasmud]

We were in Turkey a few years ago and I can recall our guide telling us that the magical age there was 18.
At 18 you can smoke, get your driving licence, marry, vote and join the armed services.
Pretty simple system I thought but that may have changed.

Sixteen year Olds maybe a bit immature but they can certainly have a big interest in politics. I would say give them the vote, it's a vote of confidence in young people, pardon the pun.

[fungus pudding]

Sixteen year Olds maybe a bit immature but they can certainly have a big interest in politics. I would say give them the vote, it's a vote of confidence in young people, pardon the pun.

Couldn't agree less. Most will still be living on mum and dad's pocket money and the odd ten bucks from mowing someone's lawn at that age.

[Bjauck]

Couldn't agree less. Most will still be living on mum and dad's pocket money and the odd ten bucks from mowing someone's lawn at that age.

And many pensioners and other beneficiaries are living off money from taxpayers. I don’t see how that is relevant in determining capacity to vote.

[fungus pudding]

And many pensioners and other beneficiaries are living off money from taxpayers. I don’t see how that is relevant in determining capacity to vote.

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.

[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.

[STr]

Along the lines of retirement - I have some $$ that I have have on short term term deposit at Kiwibank - but for $50K you get like $100 interest over 3 months! I dont want to tie the money down for too long as rates are expected to change so much as inflation keeps flying up - but what are alternatives for a safe haven to put aside and build towards retirement (10 years away yet!) I have shares but I see this as not quite a safe haven at the moment (expect my Oz mineral shares that are 100% up - I even have some in crypto - but that is the opposite of a safe haven. Are there better options that just rewarding the banks with a term deposit ? Any suggestions appreciated

[iceman]

Sixteen year Olds maybe a bit immature but they can certainly have a big interest in politics. I would say give them the vote, it's a vote of confidence in young people, pardon the pun.

I asked our son a couple of years ago when he was 16 whether he thought it was a good idea. His response is that it was a stupid idea because nobody that he knows are interested or have any idea. I asked him again when he turned 18 and his view had not changed. So I can't see how giving them the vote is a "vote of confidence in them". Plenty of other ways to show that !