ABOUT THIS EPISODE
Turning 50 is not the finish line, it could be the most important financial planning milestone of all.
In this episode, Nick shares why your 50s are the ideal time to take stock of your retirement plans, make course corrections where needed and ensure the next chapter of life is built on a strong foundation.
The next few years can have a significant impact on your next 30. That's why having a plan matters more than ever.
Enjoyed the discussion? Take a look at Nick's Canny View article, Turning Fifty: The Inflection Point.
(00:00:22) Intro: Why turning 50 can be a major financial inflection point
(00:02:08) The earning arc: Why your 50s are often your peak earning years
(00:03:23) Simplifying your finances and avoiding a "collection of memories" portfolio
(00:06:01) Why age 50 gives you time to make meaningful financial course corrections
(00:07:03) Health, ageing, and how changing circumstances can impact retirement plans
(00:08:37) The retirement trap: Taking your foot off the gas too soon
(00:10:09) The "cookies in the jar" analogy for building retirement wealth
(00:11:16) Family homes, downsizing, and planning for the realities of later life
(00:15:43) Lifestyle assets vs investment assets: Understanding the difference
(00:20:34) Why having a financial plan and trusted adviser matters more than ever
(00:22:47) Final message: Reflect, make adjustments and don't wait until it's too late
- Nick Stewart (Ngāi Tahu, Ngāti Huirapa, Ngāti Māmoe, Ngāti Waitaha) is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.
The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.
The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visiting our website, www.stewartgroup.co.nz
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