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The Retirement Planning Processes
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[QUOTE="Alexandoy, post: 214354, member: 25510"] I had that thought about planning for retirement when I was 50. The retirement here for the pension is at age 60. Since my contribution was not in the maximum level the friend in the social security office advised me to add a monthly contribution to reach the maximum. Come to think of it, I would be remitting 500 pesos (that's $10) a month for 5 years. That's big money. What if I die before I retire? That is the reason why my pension is only $100 a month because I did not push for it to reach $200 a month. I admit that I didn't invest for my pension. Anyway, what I did was to save money in the bank instead of investing in my pension. Now I can say that I was not really wrong at all because I have good money in the bank that gives me confidence with my finances. [/QUOTE]
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