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Thread ID: 125194	2012-06-13 00:32:00	Retirement Age	Bobh (5192)	PC World Chat

Post ID	Timestamp	Content	User
1281383	2012-06-13 02:19:00	Pay into some Government backed scam, I don't think so. It will be a cold day in hell before I pay into some fund that any government can pillage as its own personal piggy bank. And don't get my started on that rort they call Kiwi-Saver. OK, while you are freezing in Hell I will be in my warm room knowing that I can pay my heating bills thanks to Government Super.	Jayess64 (8703)
1281384	2012-06-13 04:25:00	Lets get some reality into this discussion In the future we will have... "for every four people in working age there will be one of pension age" + other welfare beneficiaries to pay for + NZ slowly going into bankruptcy/liquidation due to govt spending what the country simply cant afford + NZ economy near the bottom of OECD countries(has been for a while) so do we REALLY think that putting 5%, 10% of our wages into a compulsory super fund will have any real effect on the future issue paying for pension's ??? I heard it mentioned this morning , that realistically we need to be paying AT LEAST 25% of our wages into some sort of retirement fund. Nah, lets just buy big screen TV's on HP instead & worry about it all later . :rolleyes:	1101 (13337)
1281385	2012-06-13 05:11:00	If there isn't any good politician with superb leadership quality to emerge within the next 10 years, NZ will have a big problem - going into bankruptcy or near there. In short, the present bunch of politicians are good for nothing parasites, they are worse than those long term beneficiaries.	bk T (215)
1281386	2012-06-13 05:22:00	The way I see it, instead of upping the age endlessly, why does it have to be paid to everyone regardless? Kind of like a benefit, those who need it should, those who don't, shouldn't get it. And kiwisavers or whatever, well that's a separate thing. Or, perhaps my husbands idea is more popular - cheap smokes for the poor, free for the over 50's. Then they'll all be dead by retirement age. (and he's getting close to it....)	pctek (84)
1281387	2012-06-13 05:24:00	It will be a cold day in hell before i go without my big screen Govt run, privately run, both as bad a each other . We damned if we do and we are damned if we dont . . . . Just make sure you dont make it to 65 is the only way to be sure . Logans run FTW! EDIT: ^+1	Gobe1 (6290)
1281388	2012-06-13 05:39:00	If there isn't any good politician with superb leadership quality to emerge within the next 10 years, NZ will have a big problem - going into bankruptcy or near there. In short, the present bunch of politicians are good for nothing parasites, they are worse than those long term beneficiaries. Plus 1 PJ	Poppa John (284)
1281389	2012-06-13 06:00:00	The way I see it, instead of upping the age endlessly, why does it have to be paid to everyone regardless? +1 I'll be sitting in a mortgage free very av. house at retirement , worth by then $500K+ Shoudnt I be forced to use that capital to fund retirement . That wont happen, too much of a vote killer. Even now, we have many trying to hide assets (houses) in trusts etc to enable them them to receive some sort of future govt handout (eg for geriatric nursing homes) -average joes, not just the super rich	1101 (13337)
1281390	2012-06-13 06:07:00	Even now, we have many trying to hide assets (houses) in trusts etc to enable them them to receive some sort of future govt handout (eg for geriatric nursing homes) -average joes, not just the super rich I think the whole thing of trusts needs a proper review as I have known quite a few over the years using one as a loop hole to get tax relief or other benefits.	mikebartnz (21)
1281391	2012-06-13 07:12:00	I think in the long term it would be altered with the age or the eligibility . They may split it into components like Canada, everyone gets the little component but the big one you need to be assessed . And that they would push the super . For Kiwisaver the returns hasn't been that great . Conservative has actually performed the best from my provider . Balanced not good, near breakeven, a def loss for growth . But with the govt and the employer contribution it has worked out .	Nomad (952)
1281392	2012-06-13 07:34:00	I have no faith in any retirement funds. We've seen it happen to two different generations of investers. Their money gets largely gobbled up or lost. Once these big retirement schemes start trying to sell their worldwide assets all at the same time that all the other countries are trying to sell up... we'll see them all shrink in value all at once across the globe. The hoped for 10% returns will be 3% or less. Add to the scenario of 2.4 workers for every 1.0 retirees an environment where there is huge demand for aged healthcare, and about 20 years worth of retirees with far too little saved to live on. Population growth will have slowed. That big bulge of aging baby boomers will, once they start to die off, cause a huge drop in the value of homes. There'll be houses for sale everywhere, and too few younger folk to populate them all. The building sector will be dead. The equity in your home may be worthless. At least rents should become cheaper! Too many elderly, too old to work, too poor to retire. I'm predicting the hospitals of today will become the rest homes of tomorrow. Yes, 7+ level high resthomes, housing thousands of people. The functions of a hospital are the same: care, feeding, hygeine, laundry, rehabilitation, supervision.	Paul.Cov (425)
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