Parents started a pension when I turned 21 $50/month which I took over once working. Rubbish returns barely making inflation but it keeps trickling along in the back ground.
Once my then employer starting offering a managed pensions scheme I added max contributions which ended up 6% of salary. This rans for ?10 years.
Have been smart shares index savings plan about 300/month for last ?15 years or so with all dividends reinvested. (NZ, AU, US) Plus a number of lump sum purchases from overtime lump sums once the mortgage was paid off.
Current job started a kiwisaver plan on managed growth plan which is 8% total.
Equivalent of 3 months salary in revolving term deposit
Own part share of a house with my parents. Interest now covered by tenants and running it for long term gain.
I pay into my other halfs pension plan until she returns to work.
Can now save more as mortgage and student loan free. ie about 10% of net pay is saved.
I plan to work full time til at least 65 then part time (?50% til 70).
Started kiwisaver plans for my children when they were born under growth plan $50 per month.
I wince with envy when I see my father pension scheme from working for multi national overseas for 40 years. ie final salary scheme.