If your paycheck seems small today, how will you manage without it tomorrow?
Can your retirement plan survive inflation?
Most of us don’t like to think about retirement – it seems far away, many years and plenty of paychecks later. But you will know it will be sooner than you think.
If you are like most people, you have three possibilities for your retirement fund:
THREE-PILLAR THEORY
Social                            Company                                          Personal
Security                        Retirement                                         Life
System                          Benefits                                            Insurance
Realistically, how much can you expect from the SSS and your company’s pension? Will these be enough to maintain your desired standard of living, much less catch up with inflation? What’s more, there’s only so much you can put in. But with a personal life insurance, you control the amount of your contributions – and your level of financial security. The earlier you invest in your insurance, the bigger your retirement fund will be.
