There is a good saying: "Saving is a smart spending behavior." "Both in the past and in the present, deposits are for one personRetirementPlanning and future life are of great significance. However, it is only after the age of 50 that we truly realize that savings are important for the future."RetirementThe importance of the matter. At this time, we gradually realized that only by having enough savings can we maintain a stable standard of living after retirement, and enjoy travel, entertainment and hobbies. At the same time, the deposit can also cope with a variety of possible situationsMedicalRetirementand accidents. In addition, savings can also leave some wealth for our children and future generations. Therefore, deposits are not onlyRetirementThe foundation is even moreRetirementWe should fully realize the importance of deposits and plan our deposits reasonablyRetirementPlan.
Deposit as an individual or familyBanksor otherFinancial institutionsStorageCurrencyAssets, yesRetirementThe foundation. It's in the futureRetirementplays an important role in life.
1. Provide stable cash flow
Savings can provide a steady cash flow and ensure that we have enough funds to cover our living expenses in retirementMedicalfees, etc. For example, we can take a certain amount of money from our deposit every month or year and use it for:RetirementExpenditures during the period. The amount of deposits and the level of yield determine the stability and adequacy of cash flow. Therefore, we should plan the total amount of savings reasonably to ensure that it can cover the life expectancyRetirementpayouts, and choose a deposit method with a certain rate of return to outperform inflation and keep the deposit realPurchasing power
In addition, we can also divide the deposit into:Demand DepositswithFixed DepositsDemand Depositswith a highLiquidity, so that we can withdraw funds at any time in case of emergency. WhileFixed DepositsIt has a higher rate of return and is suitable for long-term savings andInvestments。Therefore, we can according to our own needs andRisk tolerance, consider choosing the right deposit method.
2. Provide a safe bottom guarantee
Deposits can also provide a safe bottom against unexpected risks and difficulties. When we encounter risks such as accidents, sudden illnesses or natural disasters, we can withdraw a certain amount of money from our deposit for emergency relief. The role of the safety cushion of the deposit is reflected in itLiquidityand flexibility. Therefore, we should make sure that the safety cushion of the deposit can cope with it within a yearRetirementexpenditures, andLiquidityGood and can be withdrawn at any time without restriction or loss.
3. Realize wealth inheritance and gifting
Savings can also leave some wealth for our children and future generations. At the end of our lives, we can do so in accordance with the will orLawsIt is stipulated that the remainder of the deposit is distributed to them for inheritance or gift. In this way, we can maximize the benefits of wealth in a limited time and create better living conditions and development opportunities for the next generation. Therefore, when making a deposit, we can consider some long-term deposit planning, such as buying some traditional insurance products orInvestment and financial managementproducts, to increase the stability and appreciation of assets.
Although the deposit isRetirementBut relying on deposits alone is not enough, there are also some shortcomings and risks.
1.The yield on deposits is low, making it difficult to outperform inflation. Currently,BanksofDeposit interest ratesRelatively low and usually unable to compete with inflation. If the funds are deposited in fullBanks, a year laterReal rate of returnIt can be negative, fundedPurchasing powerwill go down. If the deposit will be madeInvestmentsto othersFinanceProducts, such as **, etc., may obtain a higher rate of return, but also come with higher risks.
2.The size of the deposit is small and difficult to meetRetirementDemand. According to the study, the average number of urban workers in ChinaRetirementThe gold substitution rate is only 45%, which is much lowerWorld Bank70% 80% recommended. Rely solely on depositsRetirementIt's hard to satisfyRetirementneeds. Therefore, we need to consider everything elseRetirementway, such as socialRetirementInsurance, businessRetirementinsurance, etc., to increaseRetirementThe level and intensity of the guarantee.
3.The security of the deposit is low, and it is difficult to protect against risks. RetirementIn the process, you may encounter a variety of unavoidable risks, such as diseases, accidents, natural disasters, etc., which may giveRetirementIt brings huge financial pressure and psychological burden. As a way of self-protection, the deposit has a low level of security and existsFinanceThe risk of being affected. On the one hand, the number of deposits is limited and may not be enough to cover the high amountsMedicalFees or Compensation Costs. On the other hand, the security of deposits is also affected by external factors such as:BanksBankruptcyFinanceCrises, policy changes, etc., can lead to the loss or shrinkage of deposits.
To sum up, the deposit though isRetirementbut there are also some shortcomings. Therefore, on the basis of the deposit, we should also take into account the othersRetirementway, such as buying a businessRetirementInsuranceInvestments**, etcFinanceproducts to increaseRetirementThe level and intensity of the guarantee. At the same time, we should also pay attention to increasing the rate of return on deposits and diversificationInvestmentsrisks, to avoid the risk of non-compliance, to protect ourRetirementLife goes smoothly.