Q: I am 48 and having recently divorced, I'm starting over.

My husband and I owned no property together, so there were no assets to divide. I'm now starting from basically nothing and contemplating how to build a financial future. To that end, I am on my way to saving $50,000 within the next two years. I am also in KiwiSaver and have minimal personal debt.

Should I use my savings plus my KiwiSaver (which I believe I can do as I'm starting over on my own) as a deposit on a house? Or is it better to forget that idea (I live in Auckland) and keep the money in KiwiSaver, and use the savings to grow a bit of wealth some other way?

I'm aware that if I use my KiwiSaver (currently sitting at about $50,000) it'll go back to zero and I'll have to build it up again, which might not be smart at my age. On the other hand I am in stable, well-paid employment and I plan to keep working as long as I can — at least another 20 years. The idea of owning my own small house or apartment has a lot of appeal, but would it be the most sensible use of my hard-earned savings?

A: Well done for keeping debt low and saving at a great rate. Sure, it's easier when you're on good pay, but still, $25,000 a year is impressive. And it's good to see you're

Timing the switch


It's money that counts

Unhappy customer


A sum too far