Don’t hold back in your 50s

There’s still plenty of time to boost your finances, to arrive in retirement in great shape. Here are 7 easy tips.

7. Sort your mortgage

It’s ideal to have a mortgage-free home come retirement. If you have a home, think about how you can pay off the mortgage faster. Maybe it’s paying off more each month, restructuring your mortgage, or shopping around for a better interest rate. See a mortgage broker or your lender who can offer suggestions on how to do this.

6. Boost your savings

With around 10+ years or so left of earning power, now’s a great time to really power up your savings, and pay down your mortgage. Think about how much you’re spending on day to day expenses, and consider the dream retirement you’d like. Spending tweaks can make a big difference.

5. Check your KiwiSaver fees

Fees eat into your hard-earned KiwiSaver money and reduce your balance. Check how much you’re paying in fees using the Sorted KiwiSaver Fund Finder and make sure you’re happy with what you’re paying.

4. See the experts

If you haven’t already, seeing a financial adviser in your 50s (and regularly after that) can put you in a great position to meet your money goals for the retirement you’d like, and help you with investment decisions.

3. Sort the kids

If you have financially dependent children, it’s important they don’t get in the way of your retirement goals. Once your money’s gone, you’ve got limited time to earn it back. Financial advisers see this situation often and will have good strategies for finding the balance between generosity and your own goals.

2. Get your protection in place

With hopefully a healthy pot of money building for retirement, you want to try your best to not lose it. Diversify your investments, check your insurance cover, and stay on top of the latest scams.

1. Check your KiwiSaver provider and fund

Research your KiwiSaver provider and fund type and check they are both right for you. If you’re not sure who your KiwiSaver money is with, you can call IRD. Helpful tools to compare include the Sorted KiwiSaver Fund Finder and Smart Investor websites. Make sure you’re getting good value for your fees, and find out if you prefer an active or passive investment style. It’s easy to switch KiwiSaver providers and funds. 

Correct as at November 2021. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit All content is correct at time of publication date, unless otherwise indicated. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.