Latest News

The latest personal finance and investment news and views from Liz Koh

Liz koh

Take a Christmas Break

Planning for Christmas Keeping your debt level under control at Christmas time requires a small amount of discipline and a large amount of common sense. Here are a few tips to help keep you afloat as we lead up to the Christmas period:  Set a budget for Christmas and stick to it. Set you budget now before you get caught up in the Christmas frenzy. Decide how much you will spend in total and then check to see how this com...


Guaranteed Life Investments

Low Risk Investments Many investors are understandably reviewing their attitudes towards investment risk and return following the Global Financial Crisis. However, with interest rates low, it is not easy to achieve competitive, low risk, low volatility returns. Traded Endowment Policies (known as TEPs) offer these attributes, yet are not widely known or understood. A TEP is simply an endowment policy that has been sold by...


One of Life’s Certainties

Making a Will There is a well known saying that there are two certainties in life; death and taxes. Despite the certainty of death, many fail to plan for it by making a will. Lack of time, lack of money, and indecision about who should be the executor or the guardian of young children are the usual excuses. The most expensive part of dying is administration of the estate (typically several thousand dollars) and that becom...


What to do with your Tax Cut

Tax Cut Priorities There is a great opportunity right now for everybody in the work force to improve their financial situation. Unfortunately, the majority of people will miss out on this opportunity through not taking the right action. From 1 October, income tax rates will be cut and Government benefits will be increased. While GST will also be increased, most people in the work force will be better off. For example, som...


Rent or Buy?

Rent or Buy? Property prices have fallen significantly over the last two years making houses much more affordable than they have been for some time. Despite this, buyers are still in short supply. The most logical reason for this is that buyers expect prices to either continue dropping or to at least stay flat for some time. This creates a dilemma for first home buyers and people moving towns; is it better to rent or buy ...


Spring Clean Your Investments

Retirement Savings Spring is in the air and it is a good time to take a fresh look at your retirement savings plans. There have been many changes in retirement savings in recent times that mean you should review any schemes you signed up for prior to the introduction of KiwiSaver in October, 2007. At that time, a new type of savings and investment product was introduced, called a Portfolio Investment Entity (or PIE). The...


Make Money While You Sleep

Make Money If financial freedom is something that you strive for, then no doubt you’ve pondered on how to get there by creating multiple streams of income. Many people dream of being able to sleep soundly at night, knowing that money is rolling effortlessly into their bank accounts, enabling them to retire earlier, work less, or achieve their other goals faster. For some, the dream is a reality; for most it is a wish th...


How to Rebuild your Wealth After a Recession

Rebuild your Wealth Coming out of a recession is like emerging from winter into spring. There are opportunities for new growth if you get rid of the dead wood and prepare for the new season. If you have lost your job or lost income there are four steps you should take to rebuild your wealth. Focus on Survival The first priority is to make sure you are living within your budget. A lower income means your expenses need to ...


Don’t Just Retire: Reformat!

Dont' Retire: Reformat! The word ‘retirement’ conjures up a range of confusing or even contradictory feelings for people these days. Once upon a time, retirement was a defined day, usually marked by a birthday, after which any form of paid employment ceased immediately. A combination of factors, including the end of compulsory retirement and increased longevity, mean that people are now working well past the age of el...


Guide to Retirement Villages

Retirement Villages Retirement villages are a great option for people who want a degree of independence in retirement but with the added benefits that come from communal living. There can be significant differences between retirement villages in terms of facilities and costs and it pays to do your homework before signing an agreement so as to avoid making costly mistakes. There are four basic legal titles commonly used fo...


Search the Site

Subscribe to Our Newsletter

Enter your information below to receive all latest news, tips and advice from Moneymax, directly into your inbox.

Mailing List:
Subscribe
Investment Clients