KiwiSaver Advice with Dylan Goldstone
Your Trusted Financial Adviser
KiwiSaver is a critical savings scheme designed to help New Zealanders prepare for retirement, purchase their first home, or build long-term wealth. With so many KiwiSaver plans and providers available, navigating your options can feel overwhelming. That’s where I, Dylan Goldstone, a Licensed Financial Adviser, can provide expert guidance and support.
Whether you're exploring the best KiwiSaver provider, considering transferring KiwiSaver, or simply trying to understand how KiwiSaver works, I’m here to guide you every step of the way.
What is KiwiSaver?
KiwiSaver is a voluntary savings scheme set up by the government to help New Zealanders save for their retirement and to help buy their first home. Rather than being a simple savings account, your KiwiSaver savings are invested on your behalf to earn more money over time, similar to a managed fund.
KiwiSaver is not a one-size-fits-all solution. Different KiwiSaver plans and funds are available to suit various financial goals, investment horizons, and risk tolerances.
How I Can Help You with KiwiSaver
Choosing the right KiwiSaver plan can feel overwhelming, but it doesn’t have to be. With so many providers, fund types, and options to consider, I’m here to simplify the process and guide you every step of the way.
As your trusted KiwiSaver adviser, I’ll help you:
Understand KiwiSaver—how does it work, and how it fits into your financial goals.
Compare the different types of KiwiSaver funds, from conservative to aggressive, and find the one that suits your needs best.
Choose the best KiwiSaver provider for your specific goals and circumstances.
Assist with transferring KiwiSaver if your current provider or fund no longer fits your requirements.
Types of KiwiSaver Funds
Choosing the right types of KiwiSaver funds is essential for maximising your long-term returns. KiwiSaver funds are generally classified into four main categories:
1. Conservative Funds
Lower risk, with most investments in fixed interest and cash.
Suitable for short-term savings or those close to retirement.
2. Balanced Funds
A mix of growth and conservative investments.
Ideal for medium-term goals.
3. Growth Funds
Higher risk, with more investment in shares and property.
Suitable for long-term savings with moderate risk tolerance.
4. Aggressive Funds
The highest risk, with 95% or more invested in shares and other growth assets.
Each fund type has its pros and cons, and choosing the right one depends on your financial goals, time horizon, and risk appetite.
Choosing the Best KiwiSaver Plan
Selecting the best KiwiSaver provider and plan can feel daunting. Here are some key factors to consider:
- Time Horizon: Making sure you know when you'll be needing your KiwiSaver and having the appropriate fund type to match.
- Risk Tolerance: Can you handle market ups and downs? Some funds offer higher returns over time but come with more volatility..
- Fees: What are insurers doing to grow your money?
- Performance: While past performance doesn’t guarantee future results, it can provide insights into how well a fund is managed.
- Environmental and Social Impact: Making sure your providers investments align with your personal ethics and values
As a KiwiSaver adviser, I can help you evaluate these factors and recommend a plan that aligns with your financial goals.
Transferring KiwiSaver or Changing Providers
Switching KiwiSaver providers or funds can be a smart move if your current plan no longer meets your needs. Reasons for transferring KiwiSaver may include:
- High fees charged by your current provider.
- Poor returns compared to similar funds.
- A desire to switch to a provider with better customer service or investment options.
The process is straightforward:
- I collect some information around your goals and what's important to you
- I present to you my advice for a new KiwiSaver provider and fund type
- If you like the advice, we then complete their transfer form.
- Your new provider will handle the transfer.
- I will review your KiwiSaver yearly to make sure it still fits your goal
As a trusted adviser, I’ll guide you through changing KiwiSaver providers and ensure the transition benefits your financial future.
Why Work with a Licensed Financial Adviser?
As a Licensed Financial Adviser, I provide personalised advice tailored to your unique situation. Here’s how I can help:
- Tailored Recommendations: I’ll evaluate your financial goals, time horizon, and risk tolerance to recommend the best KiwiSaver plan for you.
- Expert Guidance: As an experienced financial adviser and senior financial adviser, I have the knowledge to help you make informed decisions.
- Simplifying the Process: Whether you’re transferring KiwiSaver, exploring types of KiwiSaver funds, or asking, “KiwiSaver—how does it work?”, I’ll make the process simple and clear.
Common Questions About KiwiSaver
KiwiSaver—how does it work?
KiwiSaver works by deducting a percentage of your salary (3%, 4%, 6%, 8%, or 10%) and investing it into your chosen KiwiSaver fund. You also receive employer contributions (at least 3%) and Government contributions if you meet the eligibility criteria.
Should I choose an aggressive KiwiSaver fund?
Aggressive funds are ideal for those with a long investment timeframe (10+ years) who can tolerate market volatility. They offer the highest potential returns over time but are not suitable for everyone.
Can I transfer my KiwiSaver to a new provider?
Yes, transferring KiwiSaver is simple. Your new provider will handle the process, but it’s essential to compare fees, performance, and fund options before making the switch
What’s the best KiwiSaver provider?
The “best” provider depends on your individual needs. I can help you compare options and find the provider and fund that align with your goals.
KiwiSaver and Your Financial Future
KiwiSaver is more than just a retirement savings scheme—it’s a tool to help you achieve financial security and independence. Whether you’re saving for your first home or planning for retirement, making the right choices today can lead to a brighter future.
As a trusted KiwiSaver adviser, I’m here to help you:
- Understand the types of KiwiSaver funds available.
- Choose the best KiwiSaver provider for your goals.
- Navigate the process of transferring KiwiSaver.
- Answer questions like “KiwiSaver—how does it work?”
Get Sorted with KiwiSaver
Ready to take the next step? Contact me, Dylan Goldstone, for personalised KiwiSaver advice. Together, we can create a plan that aligns with your goals and sets you up for long-term success.
Dylan Goldstone
Licensed Financial Adviser | Family First Financial Services
Personalised Financial Advice You Can Trust