22/02/2022
Four reasons why planning for Retirement is very important.
1. SSS and Philhealth is not enough - it will not sustain your medical bills and you will need to downgrade your lifestyle if you will depend on your SSS pension alone.
2. Inflation - your P100 now will have a lesser value in the future.
3. Our kids are not our retirement fund - part of "Pagtanaw ng utang na loob" Culture. We need to break this dependency. Let us not be a burden to our kids in the future.
4. We live longer - imagine retiring at the age of 65 with NO INCOME, then living until the age of 80, that's 15years worth of expenses. 65 years old is too far to imagine, right? How about taking a vacation for a year with no salary?
In essence, we all need to prepare for our future. It's important to enjoy the present but it's equally important to save and invest for our future too. It starts with Financial Education. If you're interested to learn, feel free to message me. ๐