Planning for retirement should be done as early as possible. For one, setting aside and investing money today will yield higher returns in the future since compound interest can grow your savings. At the same time, early preparation will help you determine which financial tools you’ll need to purchase to attain your desired lifestyle.
Unfortunately, many Filipinos tend to make retirement planning the least of their priorities. Often, money is spent on immediate financial needs versus planning for the future. As a result, research shows that Filipinos don’t usually have enough money set aside for their golden years.
If you want to live comfortably upon retirement, you’ll need to be a step ahead and make the right decisions with your money.
Being aware of the different sources for your retirement fund and how you can grow it will take you one-step closer to a better future. To get you started, the guide below will discuss everything you need about retirement planning.