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How much money do I need for retirement?

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Each person has a different lifestyle. To maintain a good lifestyle lot of financial planners, go with $100k a year for a couple, means $50k for one person. However, this has been a very traditional approach this approach is suited for industrial age era not for modern time (information age)

Traditional approach is you work till 65, keep making small savings in your retirement funds. By the time you retire you should have about $500k in your investments. These investments will give you a yield of about 5%, so you will get about $25k a year. You will also be eligible for Super, may be one investment property so roughly you will get about $50k a year.

There are some flaws in traditional approach. Mainly this is designed by the government and pretty much everyone is following this approach. Think about it, these funds are invested in stock market, many types of mutual funds and savings accounts. If everyone is investing there the prices are going to go up and your funds will do well. However, over the next decades perhaps there would be lot of withdrawals by the baby boomers. Thus, the stock market and funds indexes may not do as well as it has done in the past. As more money going out, but less money coming in these funds can struggle.

Over the next few decades Governments will be in immense pressure to pay for the aging population.

Thus, in the information age retirement planning should be different. The approach must be suited to modern time. You may want to retire early perhaps in your 40’s and still maintain the lifestyle and have regular income coming in. Why, wait till 65 and enter into unknown territory and volatile financial markets.

Retire early approach has been followed by many people. Look around lot of young people build a business, sell it and move on to do what they love to do. Their investments produce regular amount of income. These investments are of three types, real estate, active businesses, and paper investment.

Once you get regular amount of income coming in, you can choose to retire early. Retire early does not mean you are no longer working. It means you are no longer required to work, but you can choose to work what you are passionate about. The information age, has made much easier for people of all ages to get connected and keep working as long as they want to. There is no age for retirement from your passion. Your lifestyle or investments will always prompt you to do something, and then you will do what you love to do. So, earning money while you are retired will not be a problem. So, the idea is to retire early from you day job but never retire from what you love to do.

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Saurav Wadhwa is a Principal Accountant at IBBZ Accounting Limited


M Bus (TAX) PG Cert (LAW) CA CPA


Membership and Qualification:


- Masters in Professional Business Studies (Taxation) with Distinction from Auckland University of Technology


- Post Graduate Certificate in LAW, Law School at Auckland University of Technology


- Chartered Accountant(CA), New Zealand Institute of Chartered Accountants (NZICA)


- Certified Practicing Accountant(CPA), CPA Australia


- Bachelor of Commerce, Grad. Cert. in Business from Auckland University of Technology


Saurav Wadhwa


Saurav has many years of practical experience in tax & accounting services and is the co-founder of IBBZ Accounting Limited.  He is qualified both in law and accounting. Saurav has worked in various tax & accounting specialist roles for large corporates in New Zealand. He loves to work with Small Businesses.


His key focus is on:



  • Tax advisory for small and family operated businesses on a wide range of taxation issues.

  • Legitimate tax saving structures.

  • Advising on range of new business issues.

  • Ensuring business growth is attained.

  • Effective cash flow planning.


Saurav specialises in Tax Disputes resolution, Tax Relief applications, Tax Debt resolution/management, and representation in Tax Audit. Saurav can represent you in Taxation Review Authority,  in Tax Dispute Court Cases or he can represent you during Tax Audit Investigations.


Blend of skills in Tax laws and accounting, makes him perfect advisor for small businesses and individuals like you. Saurav understands how to safeguard your business from creditors risk, maximise the business growth and pay low taxes. He can be your good strategic and business partner. He is of a friendly nature and easily approachable.


Saurav understands the numbers very well. He is a qualified Chartered Accountant and registered with highest professional accounting bodies of Australia and New Zealand. He can help you to plan for the future to satisfy all your financial needs.



Consumed by a hunger for knowledge, Saurav has never stopped furthering his education or expanding his pool of knowledge. Nothing gives Saurav more satisfaction than assisting his clients to achieve their financial goals. His diligence, passion and accuracy has earned him a reputation as a reliable professional who strives to serve his clients above and beyond the call of his duties.



Saurav was nominated for the Best Accountant of the year and the Young Entrepreneur of the year, and his company IBBZ Accounting won the award of Best Small Business 2014. In 2015 Saurav won the award of Best Accountant of the Year.


In 2017 Saurav was appointed as a committee member to New Zealand Public Practice Board of CPA Australia. 



Saurav is a dedicated family man. Saurav is very fond of outdoor activities and enjoys pretty much all outdoor activities: running, bike, motorbike, snorkel, fishing, skiing etc. Saurav, is also a self-confessed workaholic, spends some of his free time thinking about his client’s affairs and forecasting their financial future.


He can be contacted on saurav@ibbz.co.nz  or 09 272 8050

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Guest Monday, 25 September 2017