The French saved more than 20 % of their income in 2020 …How about you?
MAKE A RETIREMENT REPORT
First, make a retirement assessment. A simulation of your pension rights will be able to specify the amount you will receive from the compulsory scheme. This will highlight the shortfall from your current income.
Every reason to believe that there is a major interest to build the future additional income you need for yourself.
Then, no matter the heritage strategy adopted, but you need to act as soon as possible. This way you will be able to maintain your standard of living and easily move on to retirement.
We often tend to postpone the time to take care of it. Serious error. It is necessary to save as soon as possible, even very modestly to start.
Because the most important thing is not the amount of your savings. But it’s the length of your investment that will leverage the duration.
So you will do “double shot”. You are saving today for your retirement. Then, tomorrow you will be able to transmit to your relatives in the best tax conditions.
HOW TO OPTIMIZE YOUR RETIREMENT?
The new Retirement Savings Plan (PER) allows you to build up savings for individuals or companies. The rules are more flexible. Exit to retirement: freedom of choice between pension or capital.
The tax system is very attractive. Voluntary payments into a PER are tax deductible. You can therefore reinvest at the same time your tax savings obtained on a life insurance contract. By doing this double savings, you will optimize your capitalization.
The urgency is to think about the long-term
- Make a simulation of your rights to retirement
- Select the products adapted to your investor profile
- Optimize your savings all the time of your placement
- Take advantage of the tax benefits of life insurance
- Anticipate by acting no
THE 8th WONDER OF THE WORLD
“Compound interest is “the 8th wonder of the world” and the most powerful force in the universe. Whoever can fully understand compound interest benefits, whoever does not understand it … pays it “(Albert Einstein).
The money you invest generates interest, which in turn will generate interest. These are the “compound interest”
THE GOLDEN RULE
As soon as you can, start saving, the sooner the better. The length of your investment will be the leverage. Time will be your best ally.
Conversely, time has a negative leverage effect on debt. What’s going to get expensive isn’t your loan rate, but the length of your loan.