07/11/2019
Imagine yourself and your spouse retiring at age 60. Or 50. Or depending on your preferred age.
You live for another 15 years. Should you eat at 50 peso per meal, 3 times a day, in 365 days a year and 15 years.
That's 1,642,500 that you need for food alone.
What if you eat at 100 per meal?
That's 3.2M.
What if by the time you retire, inflation is realized and you need to spend 200 per meal?
YOU NEED 6.4M FOR FOOD ALONE.
Retirement expenses are not FOOD ALONE. You still need a place to stay, transportation expenses, and who would expect, MEDICAL EXPENSES are also eating a chunk of your retirement budget.
That's why most senior citizens are heavily dependent on government benefits, their family and charity for support because they did not save enough.
It's important to save and invest.
Nobody planned to fail, you just failed to plan.
A friendly advice from your friendly advisor 😉🌞:)
Here to help! 👋🤗
