Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's getting past the retirement scaremongering to figure out what you really need. Hosted by Frances Cook.
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There's nothing more irritating than patronising, scaremongering articles pretending to offer helpful advice about money.
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Take the recent claims that you should have saved your annual salary by the time you turn 30.
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As someone who's about to turn 30 myself, I'm only just getting to grips with how money actually works, never mind sitting on a stash of tens of thousands of dollars.
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Often these articles seem like nothing more than a way for the author to show off their own money skills.
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'I've done it, and so can you,' is the attitude, paying no attention to the fact that we're all different, and especially so when it comes to our money situations.
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It's all very well for the boffins to set these high targets, but for mere mortals, something so unrealistic can make you feel like it's not even worth trying.
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That said, retirement is something many people look forward to, but don't do enough to prepare for.
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I called up David Boyle from the Commission for Financial Capability, to talk about what people actually need for retirement.
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We discussed the scare tactics around retirement savings, and the different factors people need to consider when planning their retirement.
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For the interview, listen to the podcast.
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