“Single mum at 46, how do I avoid poverty at 70?” Mailbag episode
NOV 26, 202519 MIN
“Single mum at 46, how do I avoid poverty at 70?” Mailbag episode
NOV 26, 202519 MIN
Description
<p>If you’ve pushed money aside for years, only to wake up in your mid-40s with a toddler, a tiny KiwiSaver balance, and a creeping fear about what life looks like at 70… where do you even begin?</p><br><p>That’s the heart of today’s Ask the Experts letter.</p><br><p>A single mum at 46 is saving just a few dollars a week, working part-time, and terrified that she’s already run out of time to build any kind of financial safety.</p><br><p>So what are the options when you’re starting late, starting small, or starting over?</p><p><br></p><ul><li>How much is “enough” for retirement?</li><li>Does homeownership still make sense when you’re on the back foot?</li><li>What can you realistically focus on when your capacity is limited by childcare, low income, and years of unstable work?</li><li>And is it ever truly too late to turn things around?</li></ul><p><br></p><p>Shelley Palman from EnableMe is in the hot seat to map out the options, the trade-offs, and the first practical steps to take when you’re overwhelmed but determined.</p><br><p>If you have a letter you’d like us to answer, please send it through to <a href="mailto:[email protected]" rel="noopener noreferrer" target="_blank">[email protected]</a> and you might feature on our next episode!</p><br><p><strong>Links</strong></p><p>Follow Frances Cook on <a href="https://www.facebook.com/FrancesCookNZ" rel="noopener noreferrer" target="_blank">Facebook</a>, <a href="https://www.instagram.com/francescooknz/" rel="noopener noreferrer" target="_blank">Instagram </a>and <a href="https://www.tiktok.com/@francescooknz?lang=en" rel="noopener noreferrer" target="_blank">TikTok</a>, or join the <a href="https://www.francescook.co.nz/subscribe" rel="noopener noreferrer" target="_blank">Money Memo newsletter</a> for a free weekly money tip in your inbox each week.</p><br><p>This podcast was filmed and produced by <a href="https://open.acast.com/networks/66bb134aa34ffa41d64cdfac/shows/66bb153a578b70d89d091601/episodes/www.fanaticals.co.nz" rel="noopener noreferrer" target="_blank">Fanaticals</a></p><p>Video editing & content production by Lana Byrne </p><p>Audio engineering by Tash Chittock</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
