Not many people realize the importance of having a productive age in retirement planning. One cause, they think that retirement is still too far away to think about at this time.
Not surprisingly, a lot of people in the productive age even more interested in allocating the money they have to other things, such as a vacation, home mortgage, buying an apartment, or buying a car. Whereas, President of Sun Life Financial Indonesia Elin Waty, said, it is important to plan for pension funds in their productive. In fact, planning retirement funds need to immediately do as you just started working.
At least, there are five reasons the need for retirement planning at age of productive
1. The time continues to run and the age of the increasingly aging
You can't 100% rely on others to sustain your life in old age. This should be fully aware of. If you keep postponing financial planning, time goes on. Well, when you get older, the chance you have to plan for pension funds will be increasingly short and heavy.
2. The inflation rate higher
Rising inflation is a fact that we cannot avoid. The more you plan early retirement funds, you will be more easily with the inflation rate continues to climb.
3. Do not rely on the child
You certainly have heard the old advice said many children much sustenance. If you have many children, your load to bear the old age is perhaps more lightly. However, most parents today have only two children. You certainly don't want your children bear the costs that are required when you are old and retired. Therefore, it is important to become an independent prospective parents in terms of finance in the quarter because of already having enough retirement funds provision.
4. The increasingly tight global competition
Many people forget about the importance of retirement planning since young. As a result, when the age of growing dusk, they decided to continue to work to pursue the needs of pension funds. Can not be denied, while the age of aging and increasingly limited employment opportunities, lots of high-quality young talents out there. If we are not able to compete, the worst possible is our position in the company can be replaced by others. Ultimately, we suffer because it did not have a chance again to collect pensions.
5. Repayments still affordable
The crowd of the city with their hustle and bustle often made you fall asleep to ignore financial planning, including retirement planning. As a result, the plan was just being discourse never materialized. In fact, the sooner you plan for pension funds, the funds that you have to pay every month is getting lighter when compared to your new plan pension funds, for example, at the age of 40.
To prevent a variety of bad things happening in preparation for retirement, Elin said, it's important for anyone to have a guiding partner in making retirement planning. "In principle, the preparation we did early funds retirement, increasingly lighter installments that we pay," he said.
