Sell home and rent in 70s
A retired couple in their early 70s plans to sell their home for about $1 million, as they transition to renting. They have $300,000 in KiwiSaver, yielding approximately 9% annually, and are considering whether to invest their sale proceeds in KiwiSaver or with a wealth management firm that claims returns of 9-10% with higher risk. They seek advice on the best investment strategy, including the possibility of diversifying their investments. Their goal is to fund their lifestyle and travel by drawing from capital and interest.
