PHOTO: JAN MIKA/123RF You can only withdraw from KiwiSaver when you hit 65, if you’re buying a first home or if you suffer significant financial hardship.
OPINION: Movements in the financial markets have had an impact on many New Zealanders’ KiwiSaver accounts.
Stuff put some of your questions to industry experts and fund managers.
While the responses are not personalised financial advice, and individuals should contact their provider or adviser for help for their own situation, they may give some indication of the sort of action you might take.
If you’re already in a conservative fund and your balance has stayed stable wouldn’t it be a good idea once we’re at the bottom of this virus thing to change to a growth fund?
Sure, if you can pick the bottom. Not even fund managers can do that with any success. Most people only realise things have picked up once they’ve well and truly bounced. By then, you missed out on a lot of the return.
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