Money & Wealth3/8#23 / 57
The gap you find in the pension account
Foundation Regret·All ages
Leaving the company at fifty-five, he cashed out his personal pension to cover tuition and a deposit. He thought he would refill it later. Five years later he opened the account and went quiet. Those five empty years had taken the tax benefit and the compounding with them. Among 400 retired Koreans over fifty, the most regretted mistake was poor pension management — 37.5%.
The most regretted mistake: inadequate financial preparation, led by poor personal-pension management — 37.5%.
— Mirae Asset Retirement Pension Center survey, 400 retirees 50+
TODAY’S PRACTICE
Open the pension account and count the empty years.
#PensionCheck#DontCashOut#RetirementMath
SOURCE
Mirae Asset Retirement Pension Center survey (via Reportera)
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