Some organizations estimate that for 20 years of retirement, basic living alone will require more than 1 million yuan.

For those born in the 1970s and 1980s, they need to face problems such as the "421" family structure, increasingly serious aging, inflation eroding assets, and intensified stock market fluctuations. The financial pressure on pensions may be greater. Therefore, the pension funds that need to be prepared

There should be more.

For ordinary people, it is obviously too late to wait until retirement is close to make plans.

So the question is: when should you start planning for retirement?

How to manage retirement finance?

Retirement should start from a young age. Xiao Wang is a post-80s generation and is 30 years old this year. He has already begun to make plans for his retirement.

Assuming he retires at the age of 60, and based on the average life expectancy of 80 years, Xiao Wang needs to prepare a pension for the 20 years after his retirement.

Assuming that the monthly basic living expenses after retirement are equivalent to the current purchasing power of 2,000 yuan, taking into account inflation and calculating at an inflation rate of 3%, more than 1 million yuan will need to be prepared in these 20 years.

If post-retirement medical expenses are taken into account, the pension cost is estimated to be 2 million.

This is a very troublesome figure for Xiao Wang, who earns 10,000 yuan a month.

Some people may ask, don’t we pay social security every month?

If social security includes pension insurance, does that mean I don’t have to save money myself?

According to statistics from the Ministry of Human Resources and Social Security, in the past five years, our country’s enterprise employee pension replacement rate (the ratio between pension level and pre-retirement salary income level) has remained at around 66%.

If factors such as increased medical expenses and inflation in old age are taken into account, basic pension insurance alone is still far from enough.

Unlike developed countries in Europe and the United States, which "get rich first and then grow old", Tianhong Fund pointed out that my country has entered an aging society in 2000 and faces the embarrassing dilemma of "getting old before getting rich": my country's per capita GDP is very low when it enters the aging process. It is as low as 1/9 that of the United States and Japan, and 1/24 that of Singapore.

So how should we respond?

According to the results of Celestica Fund’s previous “Fertility Questionnaire”, nearly 60% of the people surveyed believe that “retirement care mainly depends on wealth accumulation in youth”, and most people believe that “investment for retirement care is the most reliable”.

So, where does the pension come from?

A major feature of Americans' retirement care is self-care. They rely on their own hard work and savings for retirement.

Many young people put a certain percentage of their income into retirement savings accounts in their 20s. After decades of investment, they can accumulate a considerable amount of retirement funds by the time they retire.

Let’s see what American Tom does.

He starts accumulating a pension at the age of 20 and invests 20,000 yuan every year. When he retires at the age of 60, the principal invested by Tom in the pension is 800,000 yuan. If the annual investment income during this period is 8%, then the total pension reserve will be

More than 5 million yuan.

Obviously, in the young and middle-aged period when wealth is accumulated at a rapid pace, it is not that difficult to find a reliable financial management method, obtain returns through long-term investment, and realize the continuous "snowballing" of assets. Through the "fermentation" of time and compound interest, it is not that difficult to provide for retirement.

So, how to choose a reliable retirement financial management method?

It should not be a high-risk product that makes you rich and disappears overnight, nor should it be an overly conservative product with such low returns that it cannot even beat the CPI.

Good pension financial management needs to have these potentials: outperform CPI, have stable returns, and can be held with confidence; it can be used both offensively and defensively, with downside risks controllable, and with upsides, high returns can be earned.

Financial management for retirement can actually be very easy. Choosing the right product is like choosing the right person, and life can be even easier.

Pension money, sleep or enter the market?

Recently, Xiao Wang heard that pension funds have been approved to enter the market. Will "pension funds" become unsafe after entering the market?

If it is safe, should we invest more of our retirement money in the stock market?

On August 17, the State Council promulgated and implemented the "Basic Pension Insurance Fund Investment Management Measures", which clarified that the proportion of basic pension insurance funds allowed to invest in stocks, stock funds, hybrid funds, and stock-based pension products shall not be higher than that of pension funds.

30% of net asset value.

After social security funds and enterprise annuities have entered the market, basic pension insurance funds can also enter the market. The three can invest in equity assets, including stocks, stock-oriented funds, etc., with an asset ratio of no more than 40%, 30% and 30% respectively.

.

In fact, in the past, due to concerns about "high stock risks and high volatility", people were cautious about entering the pension market for medical treatment money and pension money, and tended to avoid stock market investments.

When the basic pension insurance system was established in 1997, my country clearly stipulated that it was strictly prohibited to invest the net value of pension funds in other financial and operating undertakings.

For a long time, in order to ensure the safety of funds, pension funds can only be deposited in banks or purchase treasury bonds. Over the years, the rate of return has not been able to outperform the inflation rate in the same period, making it difficult to maintain and increase the value of huge funds.

In sharp contrast, enterprise annuities can invest 30% in equity assets. In the eight years from 2007 to 2014, the average annual investment return rate of enterprise annuity funds was 7.87%, significantly exceeding the inflation rate during the same period.

Being conservative does not necessarily mean preserving value. Some overseas pension funds are overly concentrated in bonds and have too conservative investment philosophy. As a result, pension funds sometimes suffer losses and people even refuse to make serious payments. For example, the Japanese Government Pension Investment Fund

(GPIF).