5 Investments You Should Have by 50s

While there’s no mandatory retirement age in the Philippines, at some point in your life, you will feel that it’s time to retire and focus on yourself. This usually happens by the time you hit 60. That said, you are more or less 10 years away from retirement. Hopefully, you have a definite retirement plan in place by now to be able to maintain your living standards.

Pooled funds, which include mutual funds and unit-linked funds, are an attractive option due to their high return rates. But just like other investments, risks are present. 

In pooled funds, you and other individual investors put your money in stocks or bonds chosen by the fund manager. As you continue investing, your money can grow and accumulate over time, reaching an amount ideal to support your retirement. 

Being ready for unexpected things in life can free you from all kinds of worry. This is what life insurance is made for. It’s like your security blanket when untoward events come your way.

Investing in a life insurance policy means protecting your dependents or loved ones from going into a financial slump on rough times. Most life insurance products in the Philippines grant funds to the insured person’s beneficiaries under hospitalization, disability, or death benefits.

Also, life insurance is more accessible today since you can now buy it from your trusted banks like BPI.

You should know by now that you are not getting any younger. It’s only practical to be more conscious of your health status.

Investing in health insurance like Critical Care Max guarantees you with financial benefits to help cover unforeseen hospital and medical bills. This can spare you and your family from bank-breaking medical emergency costs, which are typically the case for critical illnesses.

With health insurance, you need not worry about other things, and it’s easier to focus on getting better.

Aside from being a tangible investment, real estate appreciates in value over time. Since it’s impossible to build more land, the demand for space and properties continues to rise, along with prices.

If you do not plan to use it, a real estate property like a condo unit or a house and lot can provide you with additional sources of income by renting it out or reselling it at a higher price. However, if you have plans on leaving your properties to your loved ones, consider securing your legacy through asset protection plans. This frees them from the burden of settling estate tax with enough cash.

Investment is not limited to finance-related products. At 50, you deserve to enjoy life at its fullest. Invest not only in things but also in experiences.

Create wonderful memories with your family and friends. Travel with them, eat meals together, have weekly movie dates, or enroll in a language or an arts course. Spending time with people close to your heart is a good way to take care of your relationship with them.

The golden age of 50 is a precious time in your life. Investing now can afford you the feeling of security and save you from unforeseen financial troubles.

You can consult with a Bancassurance Sales Executive at any BPI branch nationwide to explain everything you need to know about investing at this point in your life.