Many young people of working age, who are distinguished by foresight, begin to think about retirement even when there is still a lot of time left before it. In the event that you have 10 years in stock and you can save some amount, you have several options to secure your pension.
Instructions
Step 1
Take advantage of the possibilities of endowment insurance. Enter into a contract with an insurance company, which is usually 10-30 years. During this time, you provide yourself with insurance coverage and accumulate a certain amount in your account. At the end of the contract, you can pick it up all at the same time or sign an additional agreement with your insurance company to pay you a certain monthly amount. Additionally, you will be insured against death and disability until the expiration of the contract
Step 2
Choose a non-state pension fund (NPF), in which you will save money "for old age." Consult with his representative and conclude an agreement, which will stipulate the amount and procedure for making pension contributions, the amount of the pension and how it will be paid - for life or for several years. The contract must also specify the assignee of the accumulated funds.
Step 3
You can save money for retirement in a bank account. Open a bank deposit with the ability to add funds during its validity period. Open it for a period of 2 to 3 years, and then renew at a new rate, which, albeit slowly, but gradually decreasing. After the retirement age, transfer the accumulated amount to a deposit with monthly payment of interest on the deposit.
Step 4
Ensure yourself a comfortable old age with bond mutual funds. Such an investment is good because it has low risks, but at the same time it can potentially provide more income than banks offer. Consider only that the bank is guaranteed to pay your interest, albeit a small one, but in a mutual fund you cannot guarantee profitability.
Step 5
There is another way to invest monthly amounts in order to provide a pension - transferring them to trust. In this case, it means investing money in bonds and increased expenses for their management in comparison with the same mutual funds. Therefore, there is no particular point in trust management. In this case, it is better to prefer mutual funds.
