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Investing In Your Future, Should Retirement Savings Be Compulsory?
Beginning of essay
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At the time of the 1996 Census, 12% of New Zealanders were aged 65 or over. This proportion is forecasted to increase dramatically when the “Baby Boom” generation reaches retirement age, with the prospect of superannuitant numbers and the cost of income maintenance doubling in the next 30 years. ....
Middle of essay
....setting up businesses, or obtaining waged and salaried work. Currently New Zealand has a universal pension with no form of targeting.
Occupational Pensions or (Job based) pensions are very common in New Zealand. Some schemes provide for pensions only, while others may have lump sum and pension options.
Providing for retirement income through investing in other income-earning assets is more common than private pensions. The wide range of investment approaches includes shares, rental proper.... |
| Number of words: 602 |
Approximate pages: 3 |
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