Saving for the old age
Sunday, April 29, 2007
Some people i know have start keeping money for their retirement days. Some just couldn't care and live the day to the max. As for myself, retirement is something that I look forward to, and I certainly do not want to be suffering then.
What I could is to just get a life insurance tied to some kind of investment, where the policy will mature at some point and pays me a lump sum of money. That would be endowments policy. That way, i have the benefits of insurance coverage, while saving money at the same time.
The other way would be just to keep whatever money that I have in the bank, and buy separate insurance without investment linked to it. With that, I'll keep my insurance premium low, and maximise my savings. I could also go into fixed deposits.
Anything I do, i do to make sure i don't suffer during my old age. I just want to live happily without having to worry about money :)
*this is a sponsored post*
What I could is to just get a life insurance tied to some kind of investment, where the policy will mature at some point and pays me a lump sum of money. That would be endowments policy. That way, i have the benefits of insurance coverage, while saving money at the same time.
The other way would be just to keep whatever money that I have in the bank, and buy separate insurance without investment linked to it. With that, I'll keep my insurance premium low, and maximise my savings. I could also go into fixed deposits.
Anything I do, i do to make sure i don't suffer during my old age. I just want to live happily without having to worry about money :)
*this is a sponsored post*
