Investing in Older Age: You May Not Need to Be as Conservative as You Think

It's one thing to get a kiwisaver growth investment up and running, a step forward, a step back and a few more steps forward, but how should you be investing if you are getting on a bit.

If you are 55 or more you don't have to give up the growth funds and move into the slow lane where it is safer. You might have another 40 years of investing to go yet if you are working a proper financial plan. We have clients planning properly at age 65 and above, and still with meaningful assets in growth.

So don't think about how old you are, think about your money and what it needs to do for you:

- money needed in 2-3 years is slow and safe = conservative

- money needed in 3-8 years needs to work harder = balanced

- money needed in 9 years+ can still be growth

So if you can split out your money into 3 buckets, you will be keeping your money working as hard as possible for you, without taking undue risk. It's just one small thing we do with our planning work with clients to get their money doing the heavy lifting.