Smart Money

Often trust have been seen to be province of the uber wealthy. But are they? And often people don't think about this issue until it is too late So when should we think about these issues - our family. inheritances and what's gonna happen to our money when we aren't around to look after it? Managing Director for New Zealand Family Trust Services Limited Janet Xuccoa joins Tim Beveridge to give her advice on trust accounts, and how they should be used. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Last week the Reserve Bank dropped the OCR 25 basis points to 2.25%, but their tone was a bit more hawkish than usual. Some analysts are thinking it's a signal that rates have gone as low as the RBNZ is willing to drop them - and the new Governor may be wanting to turn a new leaf in 2026. LISTEN ABOVESee omnystudio.com/listener for privacy information.

We got another OCR cut this week - now down to 2.25% - the lowest it's been since June of 2022. That was the last one for the year, so a lot of us mortgage holders are trying to figure out whether things are slowing down, and if it's time to fix for a longer term this time around. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Queues at budgeting services are getting longer, and financial advisors are finding households with increasing incomes are seeking help. Kiwis with a household income of over $200,000 a year and likely with a mortgage are struggling to make ends meet. It feels like it was only a few years ago that being on a six figure salary meant you were fairly well off, but it seems it's barely enough to get out of living paycheck to paycheck these days. So what actually is a liveable wage these days? Do we truly need to be making half a million a year just to pay our bills and still have a bit left over for savings and fun? LISTEN ABOVESee omnystudio.com/listener for privacy information.

Most of us have spent the past few days daydreaming about what we would spend $55 million on. Pay off the mortgage, book a holiday, send some off to charity, throw the rest in a term deposit. Three lucky punters each one a share of the jackpot last night - $18.3 million each. Not many of us will have the chance to come across tens of millions in our lives, but most of us will at some point get a large some from inheritance or a bonus or the likes. So what's the smart thing to do when you get a big windfall, before the excitement takes over? LISTEN ABOVESee omnystudio.com/listener for privacy information.