# Bridging the Gap: Income Bago ang NZ Super
Kung plano mong mag-retire bago ang 65, may problema: ang NZ Super ay hindi nagsisimula hanggang 65. Paano mo i-bridge ang income gap?
Ang Gap Problem
Halimbawa:
- •Retirement age: 60
- •NZ Super start: 65
- •Gap period: 5 years
- •Annual expenses: $50,000
- •Total gap funding needed: $250,000
Ito ay significant amount na kailangang available bago 65.
Strategy 1: KiwiSaver Early Withdrawal
Eligibility
Maaari mong i-access ang KiwiSaver bago 65 kung:
- •Significant financial hardship - Pero ito ay limited
- •Serious illness - Terminal illness o permanent disability
- •First home purchase - Pero hindi para sa retirement
Para sa regular early retirement, hindi mo maaaring i-access ang KiwiSaver bago 65.
Implication
Kung gusto mong mag-retire at 60, ang KiwiSaver mo ay locked hanggang 65. Kailangan mo ng separate savings para sa bridge period.
Strategy 2: Personal Savings at Investments
Liquid Savings
Ang pinaka-straightforward approach:
- •Build separate savings account
- •Target: Bridge years × annual expenses
- •Example: 5 years × $50,000 = $250,000
Investment Portfolio
Para sa longer bridge periods:
- •Shares at managed funds
- •Can draw down gradually
- •Consider tax implications
Calculation
Bridge Amount Formula:
Gap years × (Annual expenses - Any other income)
Strategy 3: Work Income
Part-time Work
Ang semi-retirement ay maaaring:
- •Provide income para reduce savings needed
- •Maintain social connections
- •Ease transition to full retirement
Consulting o Freelance
Kung may expertise ka:
- •Flexible schedule
- •Good hourly rates
- •Can taper gradually
Seasonal o Casual Work
- •Tourism industry
- •Retail during busy periods
- •Event-based work
Strategy 4: Rental Income
Investment Property
Kung mayroon ka:
- •Provides regular income stream
- •Can continue past 65
- •May have capital gains
Considerations
- •Management responsibilities
- •Tenant issues
- •Maintenance costs
- •Not fully passive
Strategy 5: Home Equity
Downsizing
Kung sa family home ka:
- •Sell at move to smaller property
- •Release capital for bridge period
- •Lower ongoing costs
Reverse Mortgage
- •Borrow against home equity
- •No repayments until sell o death
- •Interest compounds
- •Reduces inheritance
Considerations
Ang home equity options ay:
- •Last resort for many
- •Irreversible decisions
- •Consult with family and advisers
Comprehensive Bridge Plan
Step-by-Step Approach
Example Calculation
| Factor | Amount |
|---|---|
| Retirement age | 60 |
| Years to 65 | 5 |
| Annual expenses | $50,000 |
| Part-time income (60-65) | $15,000/year |
| Net annual need | $35,000 |
| Total bridge fund | $175,000 |
Timeline Considerations
Starting at 50
Kung 50 ka at gusto mong mag-retire sa 60:
- •10 years to build bridge fund
- •Need: $175,000
- •Monthly savings needed: ~$1,200-$1,500 (depending on returns)
Starting at 55
Kung 55 ka:
- •5 years to build
- •Need: $175,000
- •Monthly savings needed: ~$2,500-$3,000
Ang mas late kang magsimula, mas mahirap.
Key Takeaway
Ang pag-retire bago 65 ay possible, pero kailangan ng separate bridge fund dahil locked ang KiwiSaver hanggang 65. Magsimulang mag-plan at mag-save ng maaga, at i-consider ang mga strategies tulad ng part-time work at downsizing para i-reduce ang savings needed.
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