A great, easy to understand, simplified version of what to consider approaching and in retirement. Thank you.

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Why do they harp on about $ required to retire when any family of 2 reach retirement age and have $500k invested any which way ....virtually full pension with acceptable backup.....5 years later @ 72 one dies ......forget about $43000 annual pension .the lucky survivor loses not only the $800 a week but the remains of the $500k is immediately in decline because of the need to live off it with the abismal limited investment opportunities........so the survivor goes from being able to gift a miserable $ total to their grandchildren , children etc to not being in a position to gift anything to anyone....YET..... In NZ upon reaching pension age those that wish can throw their hats in the air and .....live like kings...help their family members into a home ....work full or part time for a even more meaningful life experience all without every $ earnt minimising the pension received ........please explain......and without the age old rubbish about how their pension rules aren't sustainable........another example is.....4or 5 years ago that same $500k brought a decent home now it would be lucky to cover the deposit so why hasn't the maximum allowed to receive a full pension increased accordingly.....eg full pension with $1 mil in investments.........really interesting to me as l have listened to the rubbish spread by so called experts for the last 40 years........

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