How much do you know about personal pension and how to plan the pension amount after 40 years?

Although "I just want to retire at the age of 30" is just a joke, now "seriously considering providing for the aged" has become a hot topic. With the development of individual pension system, it is the only way to retire comfortably to start a scientific and reasonable pension investment plan in advance. Perhaps many friends are still confused about how to start their own pension plan. Today, this article will teach you four simple steps to make a personal pension plan.

Step 1: Calculate "family property"

First of all, with the help of balance sheet and cash flow statement, personal/family assets are evaluated to understand the existing "family property". (Link to the previous article "Which item should I fill in the financial statements of healthy families? ? 》)

Secondly, reasonably estimate the future living expenses. In addition to the estimation of daily expenses, it is also necessary to plan in advance possible large expenditures in the future, such as whether children have plans to study abroad and whether to buy real estate.

On the basis of not lowering the living standard, combined with the actual situation, don't blindly pursue ultra-high standards (according to the World Bank's suggestion, in order to maintain the living standard before retirement, the pension replacement rate should not be lower than 70%).

Step 2: Read "Policy"

According to China's pension policy, pension funds mainly come from three parts: basic pension, enterprise annuity and individual pension. The three have different orientations and complement each other. According to their own contributions, we can estimate how much pension they can receive from basic pension and enterprise annuity in the future, and how far they are from achieving quality pension. (Link to the previous article "How much does it cost to achieve quality old-age care? 》)

Everyone can participate in the individual pension plan and choose the matching products according to their own situation. In addition, individual pensions enjoy tax incentives, and everyone should do their homework and make reasonable tax planning.

Step 3: Determine the "strategy"

All kinds of pension financial products have different income and risk characteristics, and investors can choose different products to invest in combination with their own risk preferences and other factors.

Table: Comparison table of various pension financial products

Source:

1. The summary of old-age savings products is quoted from the Notice on Launching Specific Old-age Savings Pilot Work and the Interim Measures for the Management of Personal Pension Business of Commercial Banks and Wealth Management Companies issued by the People's Bank of China and China Banking Regulatory Commission;

2. The summary of pension financing products is quoted from Article 2 of the Notice of the General Office of China Banking Regulatory Commission on Launching the Pilot Project of Pension Financing Products and the registration information of pension financing products in the national banking financial information registration system;

3. The summary of endowment insurance products is quoted from the Notice of China Banking Regulatory Commission on Matters Related to Personal Pension Business of Insurance Companies;

4. The summary of pension target fund products is quoted from Article 2 of the Guidelines for Pension Target Securities Investment Funds (Trial).

After choosing the right product, we can consider the investment mode of the fund: initial investment+investment lasting for decades. This method is similar to the form of down payment+repayment on schedule.

One-time investment: priority can be given to using a large sum of money as the initial principal for initial investment to stabilize the pension reserve market and improve investment efficiency;

Investment in batches for decades: it is conducive to reducing fluctuations and continuing to accumulate.

The amount of investment should be dynamically adjusted according to one's own ability and the financial balance of the family.

Step 4: Adjust "Configuration"

After making a good pension investment plan, it does not mean that you can sit back and relax. With the passage of time, the market environment and their own risk preferences will also change, which requires us to review and optimize regularly and determine the allocation weights of different asset classes.

Long-term asset allocation is an important means for pension to achieve long-term investment goals and control risks, which plays an important role in controlling risks and stabilizing returns. Investors can also hand over asset allocation to professionals. For example, the target date pension fund is a configuration product. As the retirement date of investors approaches, the proportion of equity assets is decreasing.

Pension investment is a decades-long process, and its essence lies in the long-term preservation and appreciation of assets. Therefore, scientific and reasonable planning must be made as soon as possible. Then from now on, start a "pension investment plan" for yourself and your family.