07/09/2021
Hey Bestie! In order to build your retirement fund, on an average you should be saving 15% of your montly income to be able to retire comfortably.
According to moneymax.ph
Most people need about 55% to 80% of their current income to maintain their lifestyle during retirement.
If you’re just starting to save for retirement in your 30s, you may want to save a little more than 15% of your monthly income to reach your goal.
For example, if you earn PHP 40,000 a month, PHP 6,000 will go to your retirement fund. That’s PHP 72,000 annually and about PHP 1.44 million in 20 years. Assuming you started to save at age 25, you will already have this amount once you’re 45 years old.
To know more about RETIREMENT and how getting an INSURANCE can help you build funds for retirement send a message :)
To read the full article:
https://www.moneymax.ph/personal-finance/articles/retirement-fund
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