Retirement savings. Where to invest your hard-earned money

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, talk about how you can wisely invest your pension capital, so that later you can live comfortably until the end of your days, can be heard everywhere. And this should not be surprising. Many Russians are concerned about the question of what kind of pension they can count on in the future, and whether there is a real opportunity to increase it. Most cannot give a clear answer to the question about pension savings: where to invest these financial resources? And some even have a remote idea of what the abbreviations UK, NPF and PFR are.

Everyone should think about how to increase their own pension

So, you have retirement savings. Where to invest them - you do not know. What can be advised in this case? As an option - invest money in a non-state pension fund (NPF). Moreover, it is generally accepted that the larger the size of the authorized capital of a given structure, the more reliable it is. However, this is far from the only indicator of reliability.

Currently, everyone should take care of their own future pension byher individual formation. First of all, we are talking about its funded part.

Today it is not enough to have retirement savings. Where to invest them is the main thing. Yes, you can opt for the state structure of the pension fund, but then do not expect that in a few years you will receive a “big” pension, since the profitability in this case will be meager.

Partnership with NPF

If you have decided to entrust your financial capital to a non-state institution, then everything should be carefully weighed here. Analyze how long the NPF has been operating on the market, what reputation it has gained during this time. It would be useful to familiarize yourself with the statutory provisions of the company in order to find out in more detail how money is accumulated, what instruments are used to invest, what is the procedure for paying an additional non-state pension.

If you are still in doubt, having retirement savings, where to invest them, consult financial experts. In this matter, you will also be helped by the popularity rating of NPFs, which are compiled by independent agencies. It should be noted that the above procedure is inherently quite complex - it is carried out using multifactor calculation models.

That is why such a check of the fund's reliability will be of the highest quality.

Also note how wide the customer base of this or thatnon-state pension fund.

And, of course, carefully analyze the question of what the institution's profitability over the past year.

Partnership with UK

Where else to invest your pension savings? Feedback from Russians suggests that some prefer to trust their money to a management company (MC). Again, the choice of the latter should be approached with all seriousness and responsibility. Check how long the management company has been providing pension accumulation services, what business reputation it has secured. Also check the percentage of profitability of the management company.

Many people do not want to give their money to the Criminal Code only because financial claims cannot be made against it in case of unforeseen situations, since contractual relations are not legally formalized.

One way or another, but the question of where it is better to invest pension savings, everyone should decide individually.