One day it seems that retirement is far away... and the next day, it's already here, it's here. It is true: time passes very quickly. You have to be aware of it; It is the first step to think about planning savings for retirement so that our standard of living drops as little as possible.

When to start thinking about retirement?

The truth is, it 's never too early to start thinking about managing your retirement savings. In general, the best time to plan for savings for the future is when we enter our 40s. And it is that people usually have a greater savings capacity between 40 and 55 years. In this vital period, a job or business with at least average income is usually available, and family responsibilities begin to decrease. That is why it is a smart moment to plan our savings in an orderly manner, that little mattress that will help us deal with unpleasant unforeseen events such as illness, lack of work... and, of course, retirement.

What options do we have to save for retirement?

We already know that it is necessary to plan savings for retirement, but how to do it? What alternatives do we have?

There are several formulas to manage savings. The key is to choose the one that best suits our personal and family needs, as well as our ability to save.

Some ways to save for retirement.

Individual Systematic Savings Plan 

Individual Systematic Savings Plan  will interest those who want to save each month, gradually creating a piggy bank that in turn generates capital that will give us profitability and will be liquid .

EPSV and pension plans.

EPSVs (Voluntary Social Welfare Entities) and pension plans are the best option for those who need tax relief. This option offers flexibility since we can make regular contributions so that our daily finances are not affected and we can save more easily.

Unit-Link and Fund Portfolios.

As with unit-links and fund portfolios, we no longer save with periodic amounts, so it is necessary to be clear about what the objective is. On the other hand, depending on our risk tolerance we can have better returns.

Professional advice, the best option to plan savings and enjoy a calmer retirement

As we have seen, the options for planning savings for retirement are varied and it is easy to get lost in them. Therefore, without hesitation, the best option is to be advised by professionals, whether we are employed or self-employed, when deciding how to save for retirement. At John Labunski we have been advising companies, freelancers and individuals for more than 65 years , and one of the topics on which we have offered help to more people is, precisely, how to save for retirement. If you have doubts about how to focus your retirement savings, let us advise you: consult us.