How can I not run out of money in retirement?
Photo: RNZ
Do you have money questions you'd like answered? Email susan.edmunds@rnz.co.nz
I am probably typical of a growing percentage of women who find themselves unexpectedly single after a long marriage. I have always been the homemaker and secondary income earner, which means that now I am 59, single, my salary level is moderate and I have a limited number of years until retirement age. I am mortgage free and have around $160,000 in my KiwiSaver.
Additionally I have about $250,000 capital in a term deposit at 6.25 percent. My question is should I invest my capital? I know that interest rates are likely to start falling by next year but investing is scary. When my money is in the bank it feels safe. For me it's a large sum of money and I don't want to risk seeing it decrease in val...










