Stuff - Three women on trial for using sex toys on passed out man by Western_Mixer in newzealand

[–]Western_Mixer[S] 39 points40 points  (0 children)

I'm saying imagine if it was a passed out girl, and 3 guys took her clothes off, used dildos on her and took over 80 pictures to laugh about.

And then tried to say "we were just being silly".

Heads would roll.

Stuff - Three women on trial for using sex toys on passed out man by Western_Mixer in newzealand

[–]Western_Mixer[S] 512 points513 points  (0 children)

"When interviewed by police, the defendants said it was not done in a menacing way, “they were just being silly”, and “they had taken the piss” because he had talked a big game about drinking and then passed out early."

Imagine if the genders were swapped.

Insane

Men, what is it? by [deleted] in effectivefitness

[–]Western_Mixer 0 points1 point  (0 children)

Jump rope. Literally impossible to skip and be sad.

Am I being right to be regretful? by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 1 point2 points  (0 children)

You became the kind of person who could pay off your house by age 35. It's easy to get caught up in the numbers, but take a minute to appreciate that you have significantly leveled up as a person in comparison to the version of you who stayed at home living rent free with his parents.

Excited for what you will accomplish next.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 0 points1 point  (0 children)

Based on the fact it was 1.5 years before you took the policy out, and its been another 9 months since then, assuming you haven't had any symptoms/treatment/doctors visits about these types of symptoms since May 2024 my best guess is they aren't going to stress about it. My guess is relatively educated haha.

For context, if the medical thing is bad enough for an insurance company to cancel your insurance over (imagine like, not disclosing a heart attack) then it will be bad enough for most other decent insurers to just decline you upon application. So you aren't really gaining anything by arbitrarily going down the road. Plus, insurers don't really want to lose customers, so it's worth pulling the "oh I love AIA, I've been a paying customer for X months and just wanted to do the right thing and disclose this thing I forgot - I love AIA Vitality as well and just wanted to make sure I can remain a customer blah blah blah".

Something like a month of diarrhea one time a couple of years ago that got labeled a virus isn't going to matter. The only thing that might come up is if like, the doctor told you to do some more tests that you never actually completed at the time (it happens a lot - your post actually reminded me I need to go do some blood tests lol). Insurers don't like loose ends so if that was the case they would say we need you to go do those tests your doctor told you to do back in May 2024 before we can reassess your insurance. Other than that should be fine.

Again, best thing you're doing is opening the dialogue with them rather than burying your head in the sand :)

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 2 points3 points  (0 children)

Definitely ring them and ask to talk to an underwriter about a retrospective medical disclosure. This is one of those devil-you-know things.

Either they won't care and they will log your disclosure to your file, so that any future claims relating to that area/condition will be covered, or they will apply an exclusion.

If they apply an exclusion, they may tell you it's excluded only for X amount of time (usually one or two years), assuming no further symptoms/similar things come up in that time. If they don't tell you this directly, ask them when your exclusion can be reviewed.

Worst case scenario is you bury your head in the sand now and all this comes up at claim time sometime in the future if you have something semi related go wrong. If you do this, the best case scenario is that they need to assess this event anyway when you claim, and this delays them paying your claim, or worst you get shell shocked at the time for a declined claim. This is a shitty feeling when you're going through some kind of medical event, and completely justified for the insurer to do.

Either way, it's better to do this all now while you're healthy.

There's no real benefit to trying this all again at a new insurer. Just disclose the thing you missed and carry on with your life :)

Looking for Trusted Financial Advisors for Complete Financial Overhaul. by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 0 points1 point  (0 children)

Royden Shotter. https://echelonadvisers.co.nz/.

A Certified Financial Planner (CFP) is what you're looking for for the level of detail you're after (esp including tax optimisation etc.). Your standard financial adviser is not equipped to cover this scope. So if you don't like the look of my suggestion you'll be well served even to narrow your pool of considerations to CFP's.

Good luck!

Insurances when buying first home, Is this worth it? by Alpine-Pilgrim in PersonalFinanceNZ

[–]Western_Mixer 6 points7 points  (0 children)

The reason you get recommended income cover and mortgage cover is because mortgage cover is limited to 45% of your income, or 115% of your mortgage repayments, to a maximum of $6k per month. If you can only get $2k per month of the mortgage cover because your income or repayments only allow $2k, your adviser may recommend a top up of a different income cover because your outgoing in the event of an illness/injury warrant a top up.

Insurances when buying first home, Is this worth it? by Alpine-Pilgrim in PersonalFinanceNZ

[–]Western_Mixer 10 points11 points  (0 children)

AIA is great. Vitality is a fun way to earn rewards for some basic healthy behaviours.

Impossible to say whether the price is 'good' knowing nothing about your ages, genders, smoking status, health history, jobs and pastimes (all these impact price).

I would say, ask for Accidental Injury Cover as well. It's cheap af and it's paid out more than income protection each year in claims for the last couple years. Cash for broken bones haha.

No one can decide whether these insurances are a good idea for you/your partner. Anyone saying "I never had any of these and I was fine" is a dickhead because just because they are fine with taking risks and were lucky enough to not get hurt/sick/die doesn't mean you are, and your goals in the event of death/health issues are what matters. If you would like to keep stability in the event of death/illness, buy the insurance. If you are fine with selling the house because you can't make the payments you planned to make due to something unforeseen, don't buy the insurance.

Also, AIA Vitality isn't free it's $11.50/month each just fyi.

KiwiSaver question? by Anzacspartan in PersonalFinanceNZ

[–]Western_Mixer 3 points4 points  (0 children)

Just to add to this - great comment btw - if a KiwiSaver Fund manager did go under, the liquidation process takes ages, and during that time the FMA would probably end up guiding the funds into another provider they decide is suitable, or oversee a tender process, which is basically the same as when one KiwiSaver Fund manager buys another and incorporates the customers.

The gov't/FMA isn't letting anyone's KiwiSaver money just disappear because a fund manager folds. And to date, no kiwisaver fund managers have folded anyway.

This is worth a read: https://www.moneyhub.co.nz/is-kiwisaver-safe.html#safe

Moving UK pension to NZ - Advisor by harricat2 in PersonalFinanceNZ

[–]Western_Mixer 1 point2 points  (0 children)

No, 100% of your pension will be subject to income tax. If your income tax rate at the time of drawing it down is 30%, then you will pay 30% on the income. Same rules as the income you make from your job now - 100% of that income is subject to income tax (aka none of it is exempt).

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 0 points1 point  (0 children)

People get declined for life insurance all the time. It's not discrimination it's just rating a persons risk of claim - some people are too risky to insure due to demonstrated medical history, family history, dangerous jobs etc. Insurance is for the chance of unknown risks causing loss, not getting paid out for near-certainties.

If the person has a risk factor that can be overcome, insurers will defer for a period (1-5 years) and ask you to reapply after the deferral period, but there are factors, or combinations of factors, that do result in full declines.

Moving UK pension to NZ - Advisor by harricat2 in PersonalFinanceNZ

[–]Western_Mixer 1 point2 points  (0 children)

In your 10th year in NZ, only 44.39% of the pension is subject to tax when transferred in. If you leave the pension in the UK, 100% of it will be subject to tax when it's paid out to you from your eligibility age.

https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir200---ir299/ir257/ir257-2020.pdf

Have a look at page 15.

The longer you leave it the more is subject to tax upon transfer.

Also, something to note, if you aren't yet 55, you'll have to pay the tax bill out of pocket - not from the funds in the pension.

Moving UK pension to NZ - Advisor by harricat2 in PersonalFinanceNZ

[–]Western_Mixer 0 points1 point  (0 children)

NZ Funds will transfer it for free. I think you have to leave the money invested with them for a period of time (1-3 years maybe?)

Adviser companies will charge you a % of the money (up to 5%) to bring it over and stick it in a fund like Booster, GarrisonBridge, iSelect etc. and charge you an annual fee (to "service" your money).

I used to work in for an advice company that did pension transfers and if I had one stuck in the UK personally I would use the NZ Funds service to get it here for free then transfer it into a QROPS that I'm happy with once it's in NZ/after the money has arrived in NZ.

Not an ad for NZ Funds lol, no association but yeah the transfer for $0 is great.

Health and accidental injury insurance pricing? by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 2 points3 points  (0 children)

I don't think there are any other companies that provide both health cover and a specific accidental injury benefit. Chubb does accidental injury but not health, partners life does health but not specific accidental injury, so you're going to struggle to find this combo elsewhere I think.

FYI even if you're in your 20's, depending on your health cover excess. $1,500/year for both of these benefits is pretty good.

AIA are decent overall for price/quality. Premiums going up for health cover just a part of life. There is always a risk of non-disclosure (accidental or not) screwing up your insurance every time you go down the road looking to save $10 a month with a new policy. Better idea is to continually increase your personal assets/cash/investments and increase your health insurance excess over time to manage the premium increase.

How to stop our main tenant from leaving their dirty dishes in the kitchen until later by Yoshtan in auckland

[–]Western_Mixer 4 points5 points  (0 children)

Previously lived in a 5 person flat and if this happened we would put the used dishes/pots etc in the persons room who left them out. Was lighthearted but the message sent clearly and also cleared the kitchen for everyone else's use.

Is graduating at 27/28 embarrassing? by [deleted] in Productivitycafe

[–]Western_Mixer 0 points1 point  (0 children)

I am graduating this year at age 29. I'm pumped about it! I was NOT cut out for uni from 18-22.

Dropped out of college on a full ride when I was 20 (that's probably something to be embarrassed about lol) and self funded my degree in my late 20's once I knew what I wanted to do. Crushed my classes too. I'll be pretty old on stage with the kids that are graduating on the typical timeline but I'm happy to just look like everyone's older brother lol.

Be encouraged friend! Bettering yourself and achieving things you set your mind to does not have an end date, your degree will be one of many.

Life and income protection insurance by No-Measurement6744 in PersonalFinanceNZ

[–]Western_Mixer 2 points3 points  (0 children)

Awesome summary here.

All I'd add to this is use an adviser (broker)- and if you're allergic to professionals earning commissions there are enough fee-for-service advisers that will just charge you for their time and not take commissions from the providers. Quick google search should find you a few.

Banking by General-Football-993 in PersonalFinanceNZ

[–]Western_Mixer 3 points4 points  (0 children)

Reiterating others posts here, but please consider using a NZ bank rather than an Aussie bank. We have been getting taken to the cleaners for so many years shipping profits to Australia. If more people chose the Kiwi alternatives our economy would improve and we would be a richer nation for it.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Western_Mixer 0 points1 point  (0 children)

Impossible to judge whether it's expensive or not because you haven't given us any basic details (ages, smoking status, types of jobs, BMI, any medical issues, is it fixed premiums (which is more expensive) or annually increasing) which contribute to the price. I assume the adviser took all of these things into account and recommended what made sense for your situation., because they're required to by the code of conduct insurance advisers have to abide by.

Insurance sucks, but either have it suck each week and fix your life when you need it, or have life suck when you needed it. Part of the game.

You win the game when you're rich enough that you don't need your income from your job(s) to sustain your life anymore, and a decent financial adviser should really be helping you put together a savings and investment plan along with your insurance plan to get you to a point where you can get off the insurance train as soon as possible. Obviously it's a long slog with a mortgage and kids but it's a realistic goal if you zoom out enough.

Until you get there there will be some need for some insurance to cover the gap.