Im a safe investment type of guy - high risk or stocks freak me out - so I’ll never be rich which I’m fine with.
I’ve been responsible and have retirement money diligently saved which always sat in term deposits - which have rubbish returns at the moment I know.
As I understand it any bank held money can be asset means tested if I ever did need a benefit like retirement or the dole/sickness.
Where do people recommend protecting their retirement money where the powers that be can’t make you spend it if you lose your job/income stream.
My immediate (likely naive ) thoughts are lump sum into KiwiSaver, or Precious metals; are these viable protected options?
any thoughts would be most appreciated