Sentinel Lifetime Loan interest rate drops – January 2009
WOW, The Sentinel Lifetime Loan interest rate has dropped to 8.35% which is almost an all time low. there hasn’t been a better time to reconsider a Sentinel Loan as an option to improve your retirement cashflow. Rates are subject to review so check witrh us to get todays rate.
The downward interest rate has certainly proved a stimulus to rethink the recent financial doom. Many of our retired clients have rethought their priorities since the downward interest rate spiral and have focussed on looking after themselves and their ongoing health and welfare again.
You may be surprised to know the most common use of funds continues to be clearing outstanding accounts, particularly credit cards or existing mortgages, or to attend to ongoing home maintenance, especially repainting or upgrading heating systems before winter.
We would be happy to discuss your financial options if you are retired, own a home and have a need to obtain some additional cashflow. All discussions are confidential.
Check with us to get the current interest rate as all interest rates are subject to change.
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
I’m 64 – Should I take out a KiwiSaver?
Taking a quote from a prominent NZ financial adviser in last weekend papers, we would have to agree that everybody aged 64 should be in KiwiSaver before they turn 65.
So long as you join before age 65 and contribute $20 per week for five years, you will be elegible for the initial $1,000 Government kick start, the tax credit of $1,043 p.a. plus the $40 p.a. fee subsidy. After five years you will have a nest egg of $11,630 plus interest and this won’t have any effect on your National Super payment.
Where else can you get a return of 36% without any risk? We could almost go as far as recommending to borrow to top up the payments if you couldn’t quite afford the $20 per week just to get the full return.
Even those aged 55 plus should join as the return after calculating in employer contributions will overshadow ordinary investment returns every year.
Talk to us soon to get the finer details.
Click here to email Thorners or Call Us on (04) 528 8088 Click here to view our disclosure statement
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
