The FSC Financial Resilience Index has revealed a striking reality: only 44% of New Zealanders feel financially prepared for retirement. This marks a drop from the year before, bringing us back to 2023 levels.
At Hive, this isn't just a statistic — it's a wake-up call and a meaningful opportunity. It's a timely reminder that retirement readiness needs attention. Preparing financially is about feeling secure, having choices, and being able to enjoy the lifestyle you've worked hard for.
The retirement readiness gap
While some Kiwis are showing signs of improved financial resilience, such as being able to stretch their savings further, a growing number don't feel ready at all. With more than half of New Zealanders still worrying about money weekly, financial security can feel out of reach for many.
According to Massey University's Financial Education and Research Centre, what you'll need depends heavily on where you live and the lifestyle you want — the gap between a no-frills retirement and a more comfortable one, with travel and dining out included, is significant.
You can read more in our article "How much do you need to retire comfortably?"
4 questions to ask to strengthen your retirement plan
No matter your age or stage, now is the time to reflect and take action. Ask yourself:
1. Am I contributing enough to reach my retirement goals?
Even a small increase in contributions can make a big difference over time. Consider whether increasing your KiwiSaver contributions, even slightly, could help build your retirement nest egg more effectively.
Try our Retirement Calculator to see how different contribution levels can impact your savings.
2. Is my KiwiSaver fund still the right fit for me?
Your fund choice should match your risk profile and life stage. Younger investors might benefit from growth funds, while those closer to retirement may prefer a more conservative approach.
A review with your Adviser or a chat with the Hive Client Care team can help ensure you're on track.
3. Am I maximising the government contribution?
Each year, if you contribute at least $1,042.86 between 1 July and 30 June, you'll receive a maximum of $260.72 from the government. It's free money toward your future — are you on track to receive it?
4. Do I have a clear retirement plan, or could a chat with an Adviser help?
Research from the Financial Markets Authority shows that New Zealanders who receive financial advice tend to have significantly more in their KiwiSaver account than those who haven't. Many people hesitate to seek advice, but professional guidance can provide clarity and confidence. Talk with your Adviser or have a chat with the Hive Client Care team to arrange a review.
Here to help you get there
Retirement should be a time to enjoy life, not worry about money. With the right support, tools, and planning, you can take charge of your financial future today.
Ready to check in on your retirement strategy? Talk to your Adviser or contact Hive to speak with a KiwiSaver specialist.
