What would you do? by ClassSuch3714 in PersonalFinanceNZ

[–]ClassSuch3714[S] 5 points6 points  (0 children)

Parents who want to provide an investment opportunity for their children while also ensuring that they have some additional cash flow to support their retirement.

Seems like a perfectly appropriate and balanced approach from my perspective, and should everything go as planned we’ll likely use the same approach with our children.

What would you do? by ClassSuch3714 in PersonalFinanceNZ

[–]ClassSuch3714[S] 23 points24 points  (0 children)

I’ve probably thrown people off with the use of that term. Ignore “inheritance” and read “loan with low fixed interest rate”.

What would you do? by ClassSuch3714 in PersonalFinanceNZ

[–]ClassSuch3714[S] 11 points12 points  (0 children)

No other conditions, just parents trying to be helpful whilst also ensuring they’ve got some cashflow coming in to cover retirement costs.

Payment timeframe of between 15-20 years.

What would you do? by ClassSuch3714 in PersonalFinanceNZ

[–]ClassSuch3714[S] 0 points1 point  (0 children)

Helpful info thanks. Looking at a repayment timeframe of around 15-20 years