More and more retirement and savings calculators are appearing every day, which seem to tell us exactly how much we need to contribute today in order to have a golden retirement, or at least a comfortable one financially speaking. Let's take a look at what other factors we should include in the equation so that our estimates are as close to accurate as possible.
Why should we consider this between the ages of 30-50?
Life expectancy has been rising for decades, which has a major impact on our future pensions. In an article a few months ago, we talked about the pension system in Spain, and how the increased longevity of our pensioners is leading to an increase in the number of pensioners. reduction in retirement benefits that are received at that age.
That is why, today more than ever, we must make an effort to calculate how we can increase that future and uncertain pension, which is gradually reducing its purchasing power in the face of the government's reforms.
How do I start saving?
Like everything else, starting to putting money aside from our payroll is key. We are not talking about not making use of, for example, 100 euros of our salary; but about 100 to a savings product. This will be the way in which a consumerist impulse, such as buying a whim, will lead us to use those 700 euros that we had worked so hard to save. In the same way, this will allow us (if we put the money into a product that gives us a return on our money) not to lose purchasing power.
As explained above, if there is inflation and we do not invest our money, we can buy less and less goods.
How do I know how much to save?
There are many blogs that enlighten us with the exact % of our salary that we should put into a savings product. We we do not think there is an automatic solution for this.
Every family, every person, is different. The circumstances that surround us are completely different. That is why we can find ourselves with:
- people with a high salary and significant financial stability are candidates for a pension plan (advantageous taxation, less liquidity), along with other products
- Other people with more moderate salaries and a medium-term need for liquidity would opt for other products (PIAS, SIALP, periodic savings, etc.).
We have calculators so that you can check the return you would obtain in 5-10-25 years by contributing a certain monthly amount to a product according to its profitability.
If you want to start saving, and you don't even know where to start, we will help you free of charge. Just give us a call or contact us by any means available, and we will help you to choose the right ones. savings products that suit you best.
