A recent study from Hong Kong-based Sun Life Asia shows two types of people when it comes to retirement:
The research “Retirement Reimagined: Facing the Future with Confidence”, surveyed over 3,500 respondents across mainland China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, & Vietnam, about their aspirations and planning practices for old age. From an Indian perspective, we don’t imagine the results of this research would be very different!
People’s top goals for retirement include spending time with family (35%), relaxing (22%), and traveling (18%). But these dreams can be at risk if rising costs and health issues catch you off guard.
Planning while you’re still young makes all the difference!
The Reality Check:
Most people aren’t as prepared as they should be. About 59% don’t start planning until 5 years or less before retirement, and 23% aren’t saving enough. Many also rely heavily on cash savings, expecting it to make up 25% of their retirement income, but that might not be enough to cover future expenses with inflation on the rise.
The Good News:
The younger generations are catching on! More younger workers are recognizing the need to save more and prepare for the rising cost of living.
The bottom line:
Early planning, smart investments, and solid insurance can help you avoid regret and enjoy the retirement you’ve always dreamed of. Start planning now!
So, are you a Gold Star Planner or a Retirement Rebel? Reach out to insurancepe to secure your financial future so that you may have a Happy Retirement!
This blog post is brought to you by the minds at insurancepe!
Got questions or doubts about anything insurance?
Need advice or help understanding your insurance needs?
Want the best bang for your buck when buying insurance?
We got you!
Reach out to us at:
Whatsapp/Phone: 89779 18030
E-mail: contact@insurancepe.com
Visit us at www.insurancepe.com