In the past, the traditional way of providing for the aged in China was to raise children to prevent old age. Nowadays, due to the different demographic structure, raising children to prevent old age is not the mainstream way of providing for the elderly. Many parents are planning for their old age before they are old, such as pension funds.

There are four main ways to provide for the aged.

1 Support for the elderly by children. China's current population structure is that only children have to take care of their parents, and the pressure will be even greater.

2 National pension. Now most people are using the social security that some people have already enjoyed. However, the basic old-age insurance can only meet the most basic old-age needs.

3 rely on savings to support the elderly. Parents rely on their savings when they were young, and now their savings are depreciating day by day, and the level of objects in 20 years can't meet this savings.

4 scientific pension. It is the investment-oriented commercial endowment insurance that we often hear, with stable income and professional help. When buying commercial endowment insurance, you can choose investment-oriented and financial-sharing endowment insurance, and you can also choose other additional products, but no matter what kind of products you invest in, you must be risk-conscious.

The above content is an introduction to the purchase mode and pension mode of pension funds. Interested friends can try it.