+64 4 471 0662 
Financial Time Line
Age 30 to 45
Typically you may be:
- married with dependents
- have a young family or one on the way
- have a mortgage
- maybe contemplating upgrading your house, or renovating
- starting a new business
Your Advice Needs
- A Comprehensive and Affordable Insurance Programme: When you have a young family and you are reliant on only one income it is critical that you have a comprehensive insurance programme in place.
Consider what would happen if the income earner was unable to work because of sickness or injury.
Request a meeting with Alison Renfrew, she has 26 plus years in insuring clients. She can show how if you take level term insurance you could save $50,000 or more on the total premiums you would pay up to age 65. We use independent insurance research from which we select the top 4 companies and then match these to your needs.
Click here to email or phone Alison now on 04 471 0662.
Insurances to take out are:
Trauma insurance
Income protection insurance
Medical insurance
Summary of Health and Life Insurance Needs
If you think you are young, invulnerable and don't need insurance just look at any of the above links and read the statistics. One in three people will get cancer before the age of 75.
Suggested areas of our web site to investigate
Insurance needs calculator
- Pay Yourself First: A simple concept put aside 10% of your gross income for long term savings. We recommend 2-4% into Kiwi Saver (your employer has to contribute 2%) and save an additional 6-8% of your gross salary into more flexible medium to long term investments.
Why not all into Kiwi Saver, the money is locked into age 65 and does not provide for flexibility if unexpected events come along and you need to access your savings.
You could consider reducing your Kiwi saver contributions to the minimum while only one of you is working and put the money towards reducing your mortgage.
Suggested areas of our web site to investigate:
Goal savings calculator
Miracle of Compound Return Calculator
Retirement Calculator
Dollar cost averaging
Asset Allocation
Golden Rules of Investing
- Investment Risk/Return Profile: For long term savings when your time horizon is greater than 15 years be aggressive, refer to investment risk/return calculator.
We recommend using funds such as a master trust where there is good diversification across different investment sectors and a wide range of wholesale fund managers.
- Short Term Savings Goals: Such as for a house deposit, trip overseas then we recommend a simple bank account deposit or serious saver account.
Surplus money should go into reducing your mortgage. Use a combination of floating and fixed term mortgages. Shop around for the best rates. Loyalty appears only to go from you to the bank not vice versa.
- Starting a new business: We recommend reading the following sections in our web site:
Forming a LAQC company
Directors liabilities
Business succession planning
Calculator to own or lease a vehicle
Useful resources for business owners
Employment law issues
Business Owners - Building Your Personal Wealth
Buy-Sell Agreements
- Estate Planning Issues: In addition to making sure that you have wills you should consider the impact of
Property relationships Act
Family Trusts
Enduring Power of Attorney
Disclaimer:
Advice given on this page is of a general nature. You should discuss your personal and specific situation with an experienced Lyfords adviser. We accept no liability for the advice presented here, please refer to our disclaimer for the use of this web site.