What people are thinking about retirement incomes

Here's a snapshot of interest results from the recent ANZ Retirement Savings Barometer

• 17% of respondents expected to rely solely on NZ Superannuation (NZS)
• 29% of women believed they would need more than $500 per week on top of NZS when they retired, compared with 34% of men indicating they wanted to earn this much
• Despite their lower expectations on future income, 31% of women were confident of reaching their retirement savings goals, compared with 51% of men
• 50% of respondents said they would consider getting professional advice about KiwiSaver and their retirement savings plan
• 55% of people nominated banks as their first choice for advice on KiwiSaver or retirement savings.