Enjoying-a-retired-life

 

When and why do you have to prepare finance for retirement age?

• Entering the age of 40, at which your income is high and stable family life , this is the stage that you should prepare finance for your old age because when you are older, your health gets worse, your health insurance compensation is insufficient to pay for medical expenses and your pension fails to meet your high spending demands for investments like those on your children studying abroad or support them in their life, etc.

If you fail to prepare well, you are more likely to face many financial difficulties. Thus, early preparation will help you ensure a strong financial capacity for your leisurely retired life.

Investment or saving to ensure family finance in this stage?

• In order to ensure a sustainable future for yourself and your family, you need to have strong financial capacity and know how to manage well to gain more profit. 
• What about real estate investment? Real estate investment requires a huge amount of investment capital and is exposed to property market risks and has low liquidity. Trading in gold/foreign currencies faces many difficulties regarding regulations on strict foreign currency or market management whereas domestic gold price is often higher than international gold price. For the above reasons, at present, depositing money in bank is appropriate because you can get stable interest rate with less fluctuations and high liquidity in cases of emergency.
• At present, banks offer various products to meet the above demands. However, selection of a prestigious bank with high service quality,various benefits and preferences towards rights of depositors is a criterion to be considered. After surveying and studying banks, I have decided to select Trung Nien Phuc Loc savings product of Sacombank for:
  • Attractive interest rate: Normal deposit rate and bonus rate.
  • Getting health insurance issued by the Department of Health and Health insurance package issued by Bao Viet Insurance Corporation, corresponding to term savings amount. 
  • When you have deposited money for a half of the deposit term and desire to mortgage Trung Nien Phuc Loc savings book to get loans at preferential interest rate. Loan amount = 100% of your savings book amount.

A prosperous life at the retirement age

• With  good financial preparation, you can completely rest assured when you get older by helping your children when they need your support, participating in social activities, sharing difficulties with the community to make your life more meaningful and your family always can afford trips in the countryside or at beaches in annual public holidays or summer holidays.
• Your life will be more exciting if you prepare and make financial plans for your old age, right? Save to enjoy this life!