{"id":324,"date":"2017-12-25T13:00:50","date_gmt":"2017-12-25T05:00:50","guid":{"rendered":"https:\/\/vidalia.com.ph\/blog\/?p=324"},"modified":"2023-09-14T15:15:14","modified_gmt":"2023-09-14T07:15:14","slug":"steps-achieve-ideal-retirement","status":"publish","type":"post","link":"https:\/\/vidalia.com.ph\/blog\/steps-achieve-ideal-retirement\/","title":{"rendered":"7 Easy Steps to Achieve Your Ideal Retirement"},"content":{"rendered":"

If you will be asked, what is your Ideal retirement? I\u2019m pretty sure almost every single person will have a different answer. We all have our abstract ideas on how we foresee our future retirement. Some might want to travel more and discover a lot of life has to offer, others might want to choose to focus on building their own families, and for some, they might want to just have a simple life. However, there is one common denominator to these ideas. Every one of us would want to secure our finances in the future. Being financially stable is one key point to consider if you are to achieve your ideal retirement. Allow us to help you with your goal with these seven steps:<\/p>\n

1. Save 10% of your income to your retirement.<\/strong><\/h2>\n

Many financial planners would suggest that you save at least 10% to 15% of your monthly income for your retirement. You may follow the \u201cminus 10\u201d rule to know how much of your savings must be allocated to your planned retirement. So if you are in your twenties 10% of your monthly income must be devoted to your retirement. If you think you cannot afford to save 10% monthly, try to start with 2% and increase it every month to hit that 10% mark.<\/p>\n

2. Do step 1 now.<\/strong><\/h2>\n

Let\u2019s not beat around the bush, the earlier you start saving, the sooner you\u2019ll be able to retire. Retiring at a young age without having to worry about your finances is an accomplishment. You wouldn\u2019t want to still be working when you reach an old age. Securing your future as early as now would be one of the smartest decisions you will ever make.<\/p>\n

3. Focus on your earnings potential.<\/strong><\/h2>\n

\u201cDon\u2019t just focus on your earnings, focus on your earnings potential\u201d. With this being said, you also have to consider investing in yourself. Increase your knowledge and potential by undergoing additional training and certifications to further enhance your skills. You can also try to have an advanced degree in your chosen field, not stop learning, and always be updated on the current changes that are happening around you.<\/p>\n

4. Invest Aggressively.<\/strong><\/h2>\n

Your twenties are the best time for you to be bold with your investment. If you have an aggressive investment portfolio you are likely to endure a few bear markets in exchange for overall higher returns.<\/p>\n

Visit Vidalia Lending and <\/span>start Investing<\/strong><\/span><\/a> in our Personal and Business Loans. All procedures are done online so you don\u2019t have to worry whether you are too far away or even if you\u2019re outside the country. For as little as P5,000, you will be able to grow your money. You can access our <\/span>website<\/a><\/strong> today and learn more about our offers<\/span>.<\/span><\/p>\n

5. Manage to have an automatic deposit.<\/strong><\/h2>\n

Be able to set up a savings account that will automatically take out 10% of your income. Through this, you won\u2019t have to worry whether you have saved some money or not.<\/p>\n

6. Try to make allowances for your health.<\/strong><\/h2>\n

This may sound a little cliche but \u201cHealth is wealth\u201d. We are not born with supernatural powers, above all else, we should take care of ourselves. You should also have separate savings for your health along with your retirement.<\/p>\n

7. Look for retirement plans.<\/strong><\/h2>\n

It\u2019s the most ideal way of securing your retirement, it not only makes it easier for you to plan, rather it plays a big role in attaining your target goal.<\/p>\n

It\u2019s better to invest in <\/span>Vidalia Lending<\/strong><\/a>.<\/b> As a <\/span>Loan Investor<\/strong><\/a>, you won\u2019t have to worry about the marketing, servicing, and collection of loans, all services are handled by us. In addition to this, you won\u2019t be affected if borrowers are delayed with their repayments because Vidalia agrees to return your money invested on the loans.<\/span><\/p>\n

\"Start<\/p>\n","protected":false},"excerpt":{"rendered":"

If you will be asked, what is your Ideal retirement? I\u2019m pretty sure almost every single person will have a different answer. We all have our abstract ideas on how we foresee our future retirement. Some might want to travel more and discover a lot of life has to offer, others might want to choose […]<\/p>\n","protected":false},"author":1,"featured_media":748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"

Everybody has their own concepts of an ideal retirement - travelling to different places, living in their ideal house and has a sustainable financial situation. To achieve this they need to consider saving up for their future. With that here are 7 easy steps to achieve your ideal retirement:<\/span><\/p>

  1. Save 10% of your income to your retirement<\/strong><\/li><\/ol>

    Following the \u201cminus 10\u201d rule which dictates how much of your income should be save for your retirement depending on your age. <\/span><\/p>

    For example:<\/span><\/p>

    If you are in your 20\u2019s, you should save 10% for retirement and if you are in your 40\u2019s then you need to save 30% from your income. Moreover, if you can afford to save 10% then start off with 2% and try to increase it in every three months until you can get up to 10%.<\/span><\/p>

    1. Do step No. 1 now.<\/strong><\/li><\/ol>

      According to Carrie Schwab-Pomerantz, \u201cThe sooner you start saving and investing, the easier it is on your budget.\u201d It simply means that if you don\u2019t start your saving now, you\u2019re going to have to work extra years to make up for the amount you missed out on, or go even more aggressive with your investments just to catch up.<\/span><\/p>

      So start saving for your retirement now.<\/span><\/p>

      1. Focus on your earnings potential<\/strong><\/li><\/ol>

        Uplift your future earnings potential by earning an advanced degree in your field though completing certifications and having good experience which can lead you to better-paying jobs in the future.<\/span><\/p>

        1. Invest aggressively<\/strong><\/li><\/ol>

          Starting your investment during their 20s will earn 80 - 100% of their portfolio invested in equities, according to Roger Oprandi Jr. This simply shows that the younger you are, the more aggressive you can afford to be with your investments to get high earnings in the future. <\/span><\/p>

          1. Manage to have an automatic deposits<\/strong><\/li><\/ol>

            Set up a direct deposit account that takes out 10% from your payroll account every payday, and you won\u2019t even notice the money missing. This will help you to save for your retirement without the feeling of putting too much effort into it.<\/span><\/p>

            1. Try to make allowances for your health<\/strong><\/li><\/ol>

              One of the biggest financial issues when you retire is your health. You need to consider saving up for your health to make sure you retirement fund will not be in danger. You can look for hospital or disability riders so you can add to your insurance plans to lessen the cost of your expensive medical care. <\/span><\/p>

              1. Look for retirement plans.<\/strong><\/li><\/ol>

                Save your future by searching for an ideal plan for your retirement. There are different plans for every retirement need.<\/span><\/p>

                For example:<\/span><\/p>

                Sun Life has the Sun Pension Plus Plan, which pays you dividends on top of the pension fund.<\/span><\/p>

                Insular Life\u2019s I-Fulfill guarantees a lump-sum retirement fund by age 65, along with life insurance equal to your plan\u2019s face amount. <\/span><\/p>

                Plus! SSS is having a SSS Personal Equity and Savings Option (SSS PESO) fund, which gives tax-free benefits and guaranteed earnings in the near future.<\/span><\/p>

                \u00a0<\/p>

                Above all, the most important thing you need to consider is to prepare for your retirement. Investing through a retirement account is proven to be one of the smartest way to create financial security. Investing in loans through Vidalia Lending<\/strong><\/a> will help you achieve your ideal retirement. Start saving now for your future!<\/span><\/p>

                \u00a0<\/p>

                \"\"<\/p>

                \u00a0<\/p>","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[72],"class_list":["post-324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-retirement","et-has-post-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/posts\/324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=324"}],"version-history":[{"count":20,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/posts\/324\/revisions"}],"predecessor-version":[{"id":4317,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/posts\/324\/revisions\/4317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/media\/748"}],"wp:attachment":[{"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vidalia.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}