How will you fund your lifestyle frills post retirement? How are you going to afford that yearly cruise once you retire?

The Commissioner for Financial Literacy's 2013 review of retirement income policies found there is an increasing gap between the standard of living that we aspire to when we retire and the standard of living we can afford on New Zealand Superannuation.

New Zealand super for a single person living alone is $357.42 per week after tax. For a married person or someone with a partner New Zealand super provides $549.88 after tax.

While super has been found to be sufficient to provide a no-frills standard of living, it's up to us to make up the difference and pay for the frills we want in our life once our working days are done.