Boost Mortgage Payments, Retirement Planning, NZ Super Rules

Paying more than the minimum on your mortgage can save you money in the long run by reducing the principal and interest. Experts recommend increasing regular payments or making a lump sum annually. This extra cash is like a forced savings plan, and some suggest marking it as your own funds to access if needed. For retirement, living outside New Zealand for more than 183 days a year doesnt automatically disqualify you from NZ Super. Being ordinarily resident when you apply is key. You can apply up to twelve weeks before your sixty-fifth birthday, and the single rate is around nineteen hundred dollars a fortnight before tax. The couples rate is lower than half the single rate due to the assumption that couples support each other. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b9a110c4b6cdd6cf