Certainly, each of us from time to time wonders what our retired life will look like. And although older people think about it more often, young people also try to imagine what we will do and how we will live when we finish our professional activity. These are quite important questions, especially when we look at them from the finance side. Practically every person in some way connected with finances will tell us that we will not get too high pensions from the Treasury. This is due to many factors. We live longer and longer, so retirement loan benefits are also paid for longer. Our society is aging slowly, so we have fewer and fewer people of working age who pay retirement loan contributions. That’s why, when we retire, we will get a state pension about 30-35% of our last earnings. Certainly these are not “throwing to your knees” and it will be difficult to cope financially.
That is why each of us should think about private retirement loan and start saving so that after finishing work, do not fall into financial trouble.
Certainly, many people wonder when to start saving for their retirement loan. Contrary to appearances, the answer to this question is very simple – the sooner the better. Why? We will simply start saving them earlier, the more money we collect, or our monthly payments will be lower. Let’s follow this with examples. If we decide to put off PLN 200 each month, if we do it for 40 years (we start saving at the age of 20 to 60), we are about PLN 135 thousand, assuming that the profits from our investments will be only 2% and we will be charged a tax on them. If, however, we decide to postpone for only 20 years, with similar assumptions on our account we will only have PLN 56 thousand. The difference is therefore very large. And how much will we have to save monthly if we want to have around PLN 200,000 after work? Well, if we break it down for 20 years, we have to pay 700 zlotys every month, and if we have enough PLN 300 for 40 years. And here we probably do not have to convince anyone that the earlier start of saving is simply better for us. We must, of course, remember that in the adopted calculations we did not take inflation into account.
It should be obvious to everyone that you can not count on the right retirement loan from you after finishing work. That is why each of us should think as little as possible about independent saving, in order to enjoy retired quiet life and lack of financial troubles.