This year and next, retirees, regardless of how much they save, avoid making five major mistakes
The elderly have worked hard for most of their lives, and finally reached the age of retirement and lived a life with a certain amount of savings. These savings are an important support for the elderly to enjoy their old age, so special care should be taken to avoid unnecessary losses.
Many seniors choose to keep their money in the bank, thinking that it is safe and secure, and they can get a stable interest income, so why not? At the same time, they also want to have enough pocket money for emergencies, such as emergency or medical expenses, to give them peace of mind.
However, for retirees with large savings, experts remind us that in the next two years, no matter how much you save, you should avoid doing five things"Confused things"so as not to regret it in the future. Let's take a look at these five things!
First, keep in mind"Three don't do"。
Don't keep all your money in the same bank. Some seniors pile up all their savings at a nearby bank for convenience. However, many small banks have failed in recent years, so it is better to spread the money among several banks, with deposits plus interest at no more than $500,000 per bank. This way, even if something goes wrong with one bank, you will be fully compensated.
The deposit period should not be too long. In order to obtain high interest rates, some seniors will choose fixed deposits of more than three years. However, it is important to note that early withdrawals will be calculated at the mobilization rate. Therefore, it is advisable for the elderly not to have a deposit period that is too long, and 1 to 2 years is the most appropriate.
Don't give away your bank card number and password. Some people think that doing business is too troublesome, so it is easy to leak personal information. But in reality, very few bank clerks use this information to steal money. Therefore, please be sure to keep your bank card number and password confidential.
ii.Don't invest lightly.
After retirement, many elderly people lose their ability to work, but their hearts are still eager to earn money and strive for more wealth for their children.
However, at this time, it is easy to find some people who do not know the truth trying to use their pensions and savings under the guise of financial management.
You shouldn't trust friends, family, or strangers because investing is inherently risky. Especially in recent years, even some powerful institutional investors, let alone non-professionals, have faced huge losses.
In fact, the investment loss rate of the elderly in China is as high as 15%, and the elderly are very large, but there are many cases of private equity violations, P2P platform thunder, and default of wealth management products, and countless elderly people have paid the price of blood and tears.
In addition, the elderly should avoid buying high-yield wealth management products by mistake when saving. Nowadays, banks not only sell their own wealth management products, but also sell products from other financial institutions.
Some bank employees recommend these high-yield wealth management products to seniors in exchange for bonuses. The elderly often mistakenly think that they are buying a deposit given by the bank, but it is actually a wealth management product.
Therefore, the elderly should be vigilant when saving money to ensure that they are buying fixed deposits rather than wealth management products. Fixed deposits are principal and interest guaranteed, while wealth management products have investment risks, and once there is a loss, the loss will be borne by the elderly.
3. Be wary of strangers and be cautious when buying health products.
With the rapid development of today's technology, the methods used by fraudsters are becoming more diverse. Older people are often targeted by criminals because they may be defenseless and rarely reminded by someone around them. Therefore, in the face of strangers who promote health products, the elderly must be vigilant.
Don't be fooled by superficial kindness. Be careful when strangers suddenly sell you various health supplements. Many health supplements may contain potentially dangerous ingredients that are harmful to health, or their claims may be false. Don't be fooled by fancy advertising slogans and flashy packaging.
Older people should pay more attention to a healthy diet and moderate exercise than to be overly dependent on health supplements. Even if you need to buy, you should remain rational, communicate more with your family, consult more doctors and professionals, and avoid being misled and deceived.
Fourth, don't lend money to others.
Retirees are generally kind and easily moved by requests for help from friends, family, or strangers.
However, borrowing money from a third party requires caution and should not be taken lightly. There is a risk that the other party may not be able to repay, delay or refuse to repay;
or the other party may use your trust to carry out fraudulent or illegal activities; It may even affect your own quality of life and sense of security.
When lending money to a third party, it is essential to consider the other party's creditworthiness, ability to repay, and purpose, and sign a formal IOU or contract to ensure that there is a legal basis.
If the borrower is a friend or family member, the loan term and interest rate should also be clearly stated and repayments should be requested regularly.
However, if it is a stranger or someone you don't know, it's best not to lend them money to avoid being deceived.
5. Don't hide your savings from your family.
Some seniors like to hide their money and hide their savings accounts in hidden places from their relatives. They fear that their children will often come to them to ask for money and that they will spend all their savings. However, if an elderly person suddenly falls ill or dies due to an accident, their relatives don't even know their savings and don't know which bank their deposits are held in, which will cause a lot of trouble for their relatives. Therefore, elderly people who receive pensions should inform their relatives about their savings. Even if you are reluctant to disclose the exact amount, you can inform your relatives of the approximate amount of your deposit and the bank where you deposited. In this way, once an elderly person dies, his relatives can handle the inheritance more calmly.
Flatly. Retirement does not mean that older people can be careless about their assets, on the contrary, they need to manage their savings more carefully and avoid falling into unnecessary risks. As long as the above five confusions are avoided, the elderly can ensure the safety of their assets and enjoy a happy and happy old age.