The latest average KiwiSaver balance by age data reveals how New Zealanders are tracking towards retirement. Members aged 61 to 65 have an average balance of $77,927, but thousands have saved considerably less. Kevin Lum explains why KiwiSaver can provide a foundation and why another long-term asset may be needed.

Is the NZ Super really ideal for a comfortable lifestyle in retirement? Many New Zealanders assume that NZ Super will be enough to fund their retirement. In reality, the public pension provides only a modest income designed to prevent hardship, not to ensure comfort or independence. While Australians retire with two to three times more savings due to compulsory superannuation, Kiwis rely largely on voluntary contributions and personal investments. This gap in structure, disci