Having someone to rely on and provide for when you are old is the current living situation of many older generations. In addition to personal wealth accumulation, there are also national social pension and child support subsidies, so that they can live a relatively nourishing old life.

As for the generation born in the 1980s and 1990s, there is a question mark in their minds as to whether they can still rely on social security and the support provided by their children to live a decent old life, and they are not very sure whether their retirement security is sufficient.

So, how should the pension gap be calculated? 1. Pension gap calculation In the old age, we have stopped creating wealth, lost work and income, and we need to rely on pensions as the economic foundation in the old age to maintain a normal life.

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The pension gap can be calculated according to the following steps: First, based on the individual or family situation, have a basic expectation of the length of the future pension stage and the standard of living. Then based on this expectation, calculate the annual need

The amount of pension expenses.

The second step is to calculate the possible income in old age, including social pension insurance, enterprise annuity, personal commercial pension insurance, relatively certain asset income (such as rent, etc.), and possible support support from children.

Finally, subtract the calculation results of the previous two steps and subtract the possible pension income from the pension expenditure amount to get the amount of the pension gap.

2. How to make up for the pension gap: We can calculate based on our actual situation to see whether we will have a pension gap in the future.

If the calculation results show that you may face a large pension gap, will you be worried at all? How should you make up for this gap? To narrow the pension gap, you can only consider it from two directions: 1. Reduce expenditure; 2.

, improve inflow.

1. Reduce pension expenditures. Reducing pension expenditures is mainly achieved by reducing non-essential expenditures such as entertainment and social life.

For example, reduce the number of trips, reduce gatherings and other social activities, etc.

Of course, this is the method we least want to use. Reducing expenditures means that our living standards will decline in the future. We should try to avoid this situation.

2. Increase the inflow of pensions. From the perspective of the components of pension inflows, social security, enterprise annuities, etc. are relatively fixed parts and can provide a more certain guarantee, but it is difficult to achieve a large improvement through personal efforts.

What we need to do is to pay social security in full and on time in accordance with the requirements stipulated by the state and enterprises when we are young.

Child support support is also an inflow that is beyond the control of individuals and can only serve as the icing on the cake.

What can be improved through personal efforts is mainly the inflow of wealth in the form of asset income.

One of the more convenient, stable and reliable ways is to purchase a commercial pension annuity.

Compared with other wealth management tools, pension annuities do not require you to have strong financial management capabilities and skills, nor do you need to spend a lot of time and energy on management.

At the same time, the certainty and durability of pension annuities are difficult to achieve in other ways.

It is also relatively highly controllable. The amount of accumulation you make when you are young will lead to the inflow in your later years, and it is less affected by the economic cycle.

After understanding how the pension gap is calculated, do you have more ideas about your pension plan? Pension is something that requires long-term preparation. The earlier you start preparing, the easier the preparation process will be and the more adequate the results of the preparation will be.

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