Are You Having Trouble Getting Started With Your Retirement Plan?
Do you look forward to retirement as a chance to do interesting and exciting things?
Many government employees look forward to retiring at 56. There is a pending bill to this effect. Many are excited about the thought they can rest from service before their senior years. They look forward to enjoying life with their families. Travel is a common thing in the bucket list.
Have you figured out your retirement bucket list? Did it cross your mind that your bucket list involves money? Have you planned for it? Have you done the math and counted the cost?
I have known retired people who were not mentally, psychologically, and financially prepared. Instead of enjoying retirement, they live with worries and uncertainties. Some who had health problems did not enjoy their pensions. Kulang pa nga sa medications and hospitalization. They became a financial burden to their children.
The Philippines has a worrisome statistics when it comes to managing one’s finances. It seems that planning for retirement is a novel idea. Here are some findings from different financial surveys:
8 out of 10 Filipinos are not saving up for retirement
Most Filipinos are not ready to retire at 60
90% of Filipino workers worry about being poor upon retirement
Only 25% of Filipinos are financially literate
Millennials not saving enough for retirement
You don't have to be one of them! Aspire to retire with dignity! To have a comfortable retirement life, you need to plan for it! Don’t make your children your retirement plan. Your children also need to enjoy a quality life.
The best time to start your retirement plan is now, not tomorrow.
"Lost time is never found again” -Benjamin Franklin