this post was submitted on 19 Nov 2023
6 points (100.0% liked)

Aotearoa / New Zealand

1635 readers
154 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago
MODERATORS
[email protected]
[email protected]
6
Aotearoa Daily Kōrero 20/11/2023 (lemmy.nz)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]
19 comments fedilink hide all child comments
 

Welcome to today’s daily kōrero!

Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!

Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.

So, how’s it going?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 10 months ago

I have a plan but timeframes and priorities have changed over the years. For quite a while we have been squirreling away into managed funds and built up quite a bit (for us, which is very relative), the idea being to use the 4% rule to decide when to retire.

We are likely to move into a bigger place in the near future because of a family shakeup, and we are going to have to dig into retirement savings to do it. However, I think paying off the mortgage will happen within 5-10 years depending on what interest rates do from here. At current levels I think it's a priority over almost anything else.

My plan is basically still to use the 4% rule to determine when we retire. But mortgage first, so that's going to be further away than I had hoped.