Entering retirement is one of the most exciting stages of a person’s life, unlocking new opportunities to travel, relax and unwind after decades of work. Not only is retirement a personal milestone, but it’s also a financial milestone that should be treated with the gravity it deserves.
As you prepare for the transition to retirement, you’ll likely find your investment priorities start to shift and evolve. That’s why it’s so important to take the time to reassess your investment priorities and develop a retirement strategy that works for your savings and your lifestyle. Want to know more? Here’s a glimpse at what’s important for most retiring Kiwis and how Zagga can help you tick off your retirement checklist.
While earlier stages of life may have been governed by riskier investments and longer-term ventures, new retirees often find themselves less open to risk and loss. This is because there’s less time to play the market or recoup losses. With all investments secured via a first mortgage over the borrower’s property, Zagga offers a low risk alternative to traditional ventures. Borrowers are also subject to full credit checks from the Zagga financial team.
Passive returns and consistent income
As most retirees are no longer earning a steady income, many prioritise a passive income to keep their capital growing and support a good lifestyle. Zagga’s returns average between 6 – 10% with interest paid to investors monthly, making the platform an attractive option for retirees looking to find a balance between high earnings and secure investments.
Trust and transparency
Retirement should be easy and enjoyable, which is why so many New Zealanders are drawn to investments that offer trust and transparency. When you’re nurturing your nest egg you want to understand exactly where your money is going and how hard it will work for you. Zaga prides itself on offering investors clarity on who they’re lending to and what they’re supporting.
Future generations
For many retirees, earmarking inheritance for children and grandchildren is a top priority. Maturing your retirement funds via safe and secure investments is a great way to ensure your assets continue to grow throughout your golden years. Ideally, smart investments will support not only your lifestyle, but also pass on financial assets to your loved ones.
Control
While retirement investments are usually low risk and easy to manage, most people still like to maintain a sense of control. This is especially true for independent investors who have spent their lives building up their savings and making key financial decisions. Zagga caters to independent investors by offering a strong ability to diversify across multiple loans and risk grades. You’ll also enjoy the freedom to choose the length of your loan terms, which gives Zagga serious edge over traditional term deposits.
Risk mitigation/diversity
Any seasoned investor will assert that risk mitigation and diversity is the key to maximising investments and minimising loss. For retirees, Zagga is a great way to diversify portfolios and look beyond traditional investments like term deposits, shares, bonds and investment properties.
Want to know more about how Zagga could help you grow your retirement savings? Chat to the friendly team about developing a customised retirement investment strategy today.