Cracking Open the Nest Egg


Planning for your retirement can be a scary thought, whether it is just around the corner or years in the future. 


Martin Hawes, one of New Zealand’s best-known experts on personal finance, answers all of the questions that may be keeping you up at night: How much will I need to retire? Can I ever afford to stop working? How do I make sure my money lasts as long as I do? 


“I have seen many clients struggle with retirement and, especially, investing and how much to draw down. There’s a real fear of the money running out,” says Hawes.


Working out how you can achieve a regular retirement income is much more difficult than it used to be. Historically low interest rates plus longer life expectancy means the old method of parking your nest egg in a savings account and living off the interest is no longer an option. 


“This is all the money you are ever going to have — you have to use it well because, if you mess it up, you are not going to go back and spend another 40 years to hatch another.”


Hawes guides readers step-by-step through the process, showing how to safely create a regular income that will last a lifetime and explaining how to plan for the “decumulation” of a retirement savings nest egg. “I have long had an interest in this decumulation phase. My interest was piqued because there are technical aspects to making sure a portfolio is well invested, but there are also behavioural issues.” Cracking Open the Nest Egg will help New Zealanders to confidently take control of their financial future and achieve the kind of retirement they have always wanted.

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