All about Retirement Fund

[Annie M.]

Ang inaabangan ko yung PERA (Personal Equity and Retirement Account).

It's not clear to me kung implemented na. It seems like a nice diversification for retirement. 

Here's more info:
https://www.bpiassetmanagement.com/pages/pera-personal-equity--retirement-account/

[Ma.Jewel_1987]

@bk, yes sis may makukuha ka talaga monthly sa SSS pag nagretire kana, depende yung amount sa monthly contribution mo. Sa pagkakaalam ko hindi din sya ganun kalaki kaya hindi pweding dun tayo magrely

[j.adore]

Lolo ko was a regular employee. He got 6k monthly from SSS

[belle_v2g]

I already have $11,000+ on my superannuation after only 2 years of working. Eh balak ko magwork til retirement age. Im only 29. I think id be secured enough. Hubby's super funds are separate pa.

[[-c-h-a-]]

I have 2 separate retirement funds (1 my previous work used, and 1 for my current one). I don't want to consolidate them because of their inbuilt insurance (both of them has Death, Total Permanent Disablement and Income Protection).

My organisation pays 17% of my annual salary to our retirement fund. Usually I think 9.5% sya? But anyway, been computing how much me and my hubby needs when we retire and live comfortably. I think we'll be fine. We're planning on retiring a bit early, maybe 55-60 yrs old? We'll build up our property portfolio before we retire so we'll still have income.

[artificialstar]

^kung 100t/month, nasa 200+ na ang future equivalent niya. kailangan ko ng around 48M. wow!

IMO, if you're still in your 20s, achieving 48M at age 60 is possible even if you're an employee if you invest in a vehicle(stock market, mutual funds, etc) that generates 10-12% p.a.

You can use this compound interest calculator.

Here are the figures I inputted:
Base amount: 5,000.00 (granting that you're just starting. 5k is usually the amount needed to open an account)
Annual Interest Rate: 10%
Compound Interval: Yearly
Calculation period: 40 years
Regular Monthly: 9,000

At Year 40, you will have 50M, theoretically. You can even shorten the calculation period if you increase your monthly savings so you can retire earlier.