How to Save For Retirement - 6 Tips to Help You Begin or Improve Your Retirement Savings Strategy


You will need
  • - passport;
  • - pension insurance certificate;
  • - fountain pen;
  • - free money to invest in their own old age.
Instruction
One of the ways to increase its future is the transfer of deductions in its favor. They are accumulated on a personalized account from the Pension Fund to a non-state pension fund.
Such funds are trying to attract customers with a higher return on savings than in the FIU. Thus, if you believe their advertising, the accounts of those who prefer a non-state pension fund will accumulate more money than those who prefer not to change anything.
If this offer seemed attractive, it is necessary to come to the chosen fund with a passport and a pension insurance certificate and conclude an agreement with it. He will take over the other formalities.
Another way to increase a pension is to join a non-state pension program. Its meaning is that the participant invests personal money into a non-state pension fund on a monthly or at a different time basis (a fixed, easy amount or another option). And, having lived to retirement, gets to it a tangible increase.
In the West, this way of taking care of one’s old age is popular (the state pension in many countries is small), and many pension funds have existed for centuries.
If this option is attracted, the algorithm is the same: the fund is selected, a contract is concluded with it and the payment schedule is respected.
Any holder of a pension insurance certificate may join the co-financing program for a future pension. Its meaning is that everyone who during the year will deposit a sum of more than 2 thousand rubles to his personalized account with the PFR. the state will only add to this score, but not more than 12 thousand rubles. In this case, the upper limit of the amount that a person can invest in his own old age is absent. But no matter how much he contributed, the state is more than 12 thousand rubles. per year will not add.
Thus, there will be more money in the pension fund, which means a future pension too.
To participate in the program, you need to go to your branch of the Pension Fund of the Russian Federation at your place of residence, write an application and receive details for making payments.
Sources:
  • Pension Fund of the Russian Federation

Tip 2: How to increase the pension

Since the beginning of 2001, the pension system has undergone great changes.If Soviet citizens all received the same state payments, nowadays only the basic part remains unchanged for all. The size of the pension depends on the size of the cumulative and insurance parts that can be increased.
How to increase retirement
Instruction
The size of both the insurance and the cumulative parts of a pension directly depends on the level of wages. Arrange for a place where the employer pays the so-called “white” salary and there is no money in the envelope. From the salary there are interest payments to the Pension Fund of the Russian Federation. The amount of deductions for the insurance part depends on your age: the older, the greater the percentage. Ask the chief to raise your salary, and then there is a chance to increase the size of deductions.
Entrust the funded part of the future pension to a private management company or a non-state pension fund. These companies are engaged in investing, that is, they invest your funded part of the pension in various areas of business for profit, and accordingly, to provide you with an increase to the basic part of the pension.
Preliminary inquire about the management company or private pension fund,where are you going to place your funds. Information about management companies is presented on the websites of the Pension Fund of the Russian Federation. The activity of management companies is controlled by the Pension Fund, therefore you risk nothing by trusting your accumulative part to them (in case of bankruptcy of the management company, the funds are returned to the Pension Fund).
Participate in the co-financing program of the funded part. The State Pension Fund offers to double (no more than 12 thousand a year) your voluntary contributions, in addition to what the employer pays for you.
Form your own funded part. It will not depend neither on age, nor on the amount of wages, nor on the basic part of the state pension, but only on how much you yourself are ready to invest additional funds. Non-state pension can be started from any moment. Keep in mind that it is on this part that you will live after retirement.


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