Sorted header abstract pattern
Sort my 6 Steps Tools Guides Blog Moreabout Sorted
Search Icon search small

back iconBack

Sort my...
A man and woman are walking together outdoors and looking happy

back iconBack

Start here

6 steps to get your money Sorted
6 steps to get your money Sorted

back iconBack

All tools

Tools

back iconBack

6 steps to getting your money sorted
Video

All videos

View all

back iconBack

View all

back iconBack

More Sorted Info

Blogs
View all

Retirement

Case study: Jens Meder

1 March 2013
Reading time: 2 minutes


Posted , 1 Comments

Jens Meder stopped working over 20 years ago and says he’s been loving retirement ever since. He lives in his Point Chevalier home on $370 a week from NZ Super and $551 from other sources.

Before retirement, Jens owned a successful bakery business. The money from the sale of his business and income from three investment properties means that he has more than $900 a week to live on.

On an average week, however, he spends a lot less than this on himself, usually around $250. Jens puts money aside to maintain his properties, as well as to fund his travel, which he enjoys annually, often to see his son who lives in New Caledonia or an occasional trip to Sydney.

Jens says he learned money lessons early in life. He has been careful with the way he spends his money, only borrowing for investments, never for consumable goods.

Having moved to New Zealand in 1949 from Estonia at the age of 20, Jens worked as an apprentice baker and went on to buy the business. He invested extra money in low-risk investments, never betting more than he could afford to lose. 

In retirement he has more time to spend with his two children and three grandchildren. His wife passed away seven years ago, and since then he has taken in a boarder – a retired friend.

“I’ve been very lucky. This is a sweet part of my life, and I’m making the most of it,” he says. 

Comments (1)

Comments

  • Gravatar for

    2 May 19

    Thanks for this. It's useful for me to see how much I might need on top of super. I don't want to keep saving away, worried I don't have "enough" - and this story helps to illustrate the possibility that you might live on less than you had planned. I alway have a tendency to imagine I'll end up needing more! I also like the way it shows diversified and in some cases unplanned income - like getting a boarder when his circumstances changed.

RSS feed for comments on this page | RSS feed for all comments

Tags
Retirement

Recent Comments

What’s with insurance in 2024? Five things to do when your premiums surge
1 Comment

My Money Sorted: Gordon
1 Comment

Guided by Matariki, it’s the perfect time to think ahead
1 Comment

Job loss? 6 steps to bounce back from redundancy
1 Comment

My Money Sorted: Jaelyn
2 Comments

5 steps to get your $521
3 Comments

sign up bar pattern
sign up bar icon

Want help with your money coming straight to your inbox? Sign up to Sorted.