Your investment strategy

The strategy you choose will depend on how much of a nest egg you have and how much you depend on it to afford the lifestyle you want. You probably need security and stability. However, you may be a long time retired. A 20 year retirement will mean you are still a long-term investor for at least part of your financial portfolio.

Review your investments. Remember to keep your current spending in investments that can easily be converted into cash.

Take an orderly and progressive approach. Be comfortable about spending your capital. As long as you do that in a planned way, you should feel confident about changing the habits of a lifetime and gradually running down your savings. With your nest egg, you planned to have a more comfortable retirement than one that depends just on New Zealand Superannuation. A happy retirement should be partly about spending that nest egg.

Check out the 60plus budget calculator or Managing your nest egg calculator to see approximately how much income you'll have in retirement, based on your life expectancy and investments. You can see how spending more or less of your nest egg or putting money aside to pass on to any beneficiaries will affect your lifestyle.

For further advice, talk to a financial adviser. Our checklist for financial advice will help you find the right person to meet your needs.

Now, read about returns versus volatility or spending your savings. Or select another topic by using the main navigation menu above.