twenty or thirty years later, the modern "social backbone" just stepped into old age, which was also the most serious stage of social aging in China. In order to provide for the aged better, it is necessary to make a good plan from now on. Endowment insurance is a good choice, which can be used as a tool to allocate funds, not to let the current expenses be excessive, but also to ensure a stable cash flow after retirement. But when it comes to retirement, white-collar workers in enterprises, bosses in private enterprises, housewives and freelancers all face the same problem: there is not enough stable pension fund. Therefore, it is necessary to thoroughly sort out the pension issue to solve your worries and doubts. First, the "four-three" law of cognitive pension planning includes three elements of pension requirements, three levels of consumption for the elderly, three stages of old-age life and three-dimensional goals of retirement financing. Among them, the three elements of pension requirements are: old-age life, medical care and housing. The three levels of consumption for the elderly are security, well-off and enjoyment. The three stages of old-age life are: early, middle and late retirement. The three-dimensional goals of retirement financial management are replacement rate goal (the ratio of retirement income to current income), sustainable consumption goal and moderate contribution goal. 2. Facing the risks faced by pension planning 1. Risks from personal aspects: insufficient pension due to longevity, poverty due to illness, uncertainty of career and changes in family pension methods. 2. Risks from policy and society: insufficient social security and policy risks during the transition period. 3. Economic risks: economic recession, inflation, interest rates, tax rates, exchange rates and investment risks. Thirdly, the influencing factors of retirement planning are divided into two aspects: personal factors and macro factors. Personal factors include: retirement time, health status, number of dependents, expected remaining life, consumption expectation and risk preference. Macro factors include: economic policy, security system, inflation and taxation. Fourth, analysis of the retirement environment and the risks of providing for the aged faced by the people in China. According to the internationally accepted standards, the proportion of the elderly over 6 years old or the elderly over 65 years old exceeds 1% or 7%, which means that the population is aging. In China, there are 16 million elderly people in 27, accounting for 8.1% of the national population. By 22, there will be 248 million elderly people, accounting for 17.17% of the national population, of which the proportion of the elderly over 8 will reach 12.37%, and the whole China society will enter a stage of rapid aging. By 25, the number of elderly people in China will reach 4 million, accounting for 3% of the total population, among which the proportion of elderly people over 8 will reach 21.78%. China will enter the stage of accelerated aging, and by 21, China society will enter the stage of severe aging. According to the China Demographic Yearbook, the average life expectancy of the population in China increased from 67.8 years in 1983 to 72.1 years in 25, showing an obvious growth trend. Suggestions for the solution of pension planning 1. Specificity: special reserve and special expenditure; 2. Security: the importance and timeliness of pension; 3. Profitability: the guarantee against inflation and the quality of old-age care; 4. Liquidity: the demand and flexibility of pension; 5. Long-term: the pension preparation period plus expenditure period is as long as several decades; 6. Dispersion: the unpredictability of future risks. Pension is money that you will have if you don't work. As long as you are alive, you will receive cash every month, and you won't bear any investment risks. When you are young, you should start to prepare old-fashioned cash. I wish everyone can ensure a stable, sustainable and continuous pension! Live a happy and dignified old age. Everbright Life Insurance Co., Ltd. Tianjin Branch Zhao Long