How much money should be accumulated before retirement?
Retirement is a time to enjoy life, carry out unfinished plans or be free to do what you like. However, not everyone is aware of how much money they need to accumulate to retire happily.
To have a comfortable life when retiring, the monthly salary at that time must meet the minimum living needs. For example, couple A has a total current income of 40 million/month, after retirement, the spending of this couple needs to be reduced to 70% compared to the current income, which is about 28 million/month. After deducting about 8 million pensions from social insurance, couple A need to have about 20 million/month to cover their comfortable retirement living.
One of the popular formula for calculating the amount of money to prepare when retiring today is to take the annual spending amount multiplied by 25. For couple A, the amount of money they need to accumulate before retirement is (20 million x 12 months) x 25 is 6 billion.
Develop a leisurely retirement plan with investment-linked insurance
To achieve the goal of a comfortable retirement, you need to follow the set savings plan; at the same time, you should increase assets from additional investments such as savings, real estate, gold, ... or participate in investment-linked insurance.
Investment-linked insurance is a type of insurance that includes both factors: financial protection against risks and profit-taking investment. Currently, there are two types of investment-linked insurance: general insurance and unit-linked insurance. In particular, if joint insurance is suitable for those who love high safety and stability, unit-linked insurance is the choice of those who have a " taste" for adventure investment.
If you do not know which insurance to participate in to both be effectively protected and accumulate financial stability for the future, you can refer to PRU - V'NG CH'C joint insurance.
When participating in PRU - VNG CHC products, you can accumulate for financial goals such as retirement, start-ups, travel, ... Not stopping there, you can increase the scope of protection by combining with the proposal of insurance products to supplement the Expanded Death Insurance and Invalids Insurance. The list of supplementary insurance products combined with PRU-V'NG CH'C general insurance products is extremely diverse, helping you easily choose the solution that suits your needs.
Enjoying a comfortable, relaxing life when retiring will be feasible when you have a clear plan and take it seriously. Therefore, today, let's build a detailed retirement plan for yourself. In particular, don't forget to combine additional accumulated insurance to be protected throughout the plan implementation period, while helping you achieve your retirement goal more quickly.
