Living longer is often seen as one of the great successes of modern life. But as more people live well into their 80s, 90s and beyond, retirement planning needs to stretch further than many may have expected. In “Don’t let hyper-ageing derail your retirement,” Lifetime Retirement Income explains why longer lifespans can create new financial challenges, particularly when it comes to income, healthcare costs and maintaining independence over time.
The article looks at why planning for retirement is no longer just about reaching 65. It is about making sure your money, support and lifestyle choices can keep pace with a longer life. With thoughtful planning and regular reviews, retirees can be better prepared for the opportunities and pressures that come with ageing well.
You can read the original article here: Don’t let ‘hyper-ageing’ derail your retirement.
Or you can read the article published in full below and tell us what you think in the comments section.
New Zealand is ageing fast - faster than most of us realise. And while NZ Super provides a foundation, it is unlikely to fund the retirement many Kiwis hope for, particularly as the country ages and demand for NZ Super shoots up.
A new report from The Koi Tū Centre for Informed Futures says demographic change is one of the most significant structural shifts New Zealand will face in the coming decades. However, current planning is too short-term and tied to election cycles, and it wants to see a bipartisan population strategy developed to address the coming challenges.
The report says New Zealand’s demographic future will be defined by slowing population growth - driven by declining fertility and reinforced by the population’s rapid ageing. A growing reliance on immigration will be the major, if not only, source of population growth.
Within a few decades, one in four New Zealanders will be aged 65 or over - something we’ve never experienced before. And in parts of the country, the shift will be even more dramatic. Regions such as Tasman, Marlborough, Nelson and the West Coast are expected to become 'hyper-aged', with more than 30% of residents aged 65 or older.
Even now, many are feeling the pinch.
Living costs have risen, but NZ Super doesn't cover the sort of lifestyle in retirement many expected. For a growing number of New Zealanders, NZ Super alone means a tighter, more constrained retirement than they imagined.
That’s why having your own additional source of income matters more than ever for retirement.
If you’ve built up savings over your working life, through KiwiSaver, investments, or your home, you don’t have to rely on NZ Super alone.
Lifetime Retirement Income Fund lets you turn your retirement savings into a regular, predictable fortnightly payment, on top of NZ Super. That certainty makes it easier to budget, plan ahead, and enjoy the things that matter to you - whether that’s travel, hobbies, helping family, or simply peace of mind.
Own your home but short on cash flow? Lifetime Home could be an option. Lifetime buys a portion of your home (typically around 35%), while you continue living in it. In return, you receive a regular fortnightly payment, all without taking on any debt.
New Zealand’s population is changing, and pressure on NZ Super is growing. But you can take control of your own retirement funding.
If you want more flexibility and confidence about your income in retirement, find out more about Lifetime Retirement Income’s solutions.
Your retirement should be about living, and shouldn’t be derailed by population changes.
Have you thought about Lifetime Retirement Income to look after your money in retirement?
They know that people spending in retirement require significantly different strategies to those who are saving for retirement. They manage retirees money a little differently to people who are saving for retirement. The reason for that is we have to make sure retirees savings last.
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