With a bit of luck and hard work, you will arrive at retirement with a pot of money to supplement your income from NZ Superannuation and allow you to live comfortably.
The problem is, so many uncertainties lie ahead. How long will you live? How much money will you need? What will your investment returns be? Where should you invest your money?
The most conservative approach to take is to assume you will live until at least 90, as the average life expectancy for 60-year-olds is about 30 years for women while men are catching up fast.
Having set your time frame, there are two very important questions which you must ask in order to know what to do with your pot of money.
Who is going to spend my money? As they say, you can't take it with you, so there are only three choices here. You and your partner can spend it during your lifetimes.