Delayed Retirement Policy, Realize "Retirement Freedom" with Hong Kong Insurance!

September 13deferred retirementof the program is officially in place, and as of January 1, 2025, the implementation of progressivedeferred retirementProgram. The decision contains two highly publicized elements: 1) a gradual delay in the retirement age; and 2) an increase of five years in the minimum number of years of social security contributions.

With the implementation of the deferred retirement policy, the working life of wage earners will be extended accordingly.

People are more worried about the challenges they face in the job market after their forties and how they can ensure that they will be able to work steadily until the statutory retirement age of 63 or 58 than they are about simply adding three years to their working life.

In addition, for those who do not intend to continue to work, how much wealth do individuals need to accumulate in order to feel at ease to enter the "early retirement" life track? Obviously, these questions are far more anxiety-provoking than delaying retirement for three years. ......

The best way to cope with these anxieties:Plan ahead for retirement programs!

The ideal retirement asset should have bothSafety, low risk and solid growth capacity. In view of this, those riskier investment vehicles, such as stocks or equity funds, are not suitable for pension reserves. Pensions should be liquid, so fixed assets, such as real estate, are not the best choice either.

Nowadays, more and more people tend to choose savings insurance products in Hong Kong to make mandatory savings during their peak earning period through the"Time + Compound Interest"of magic to achieve growth in returns with low risk.

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How to use Hong Kong insurance to plan for retirement?

In the face of the dual challenges of delayed retirement and aging, it is crucial to choose the right retirement tool.

Hong Kong's participating savings and profits insurance, because of itsSafe capital preservation, steady growth, cash flow planning and multi-currency allocationWith such features, it has become the first choice for pension planning for an increasing number of mainland residents.

1️⃣ Planning for retirement: lay out early to ensure a stable cash flow

Delaying retirement means that individuals need a longer source of income to support living expenses.

By purchasing a Hong Kong Savings and Participation Insurance policy, an individual canStart building a pension at an earlier age and get a steady cash flow in retirement.This cash flow not only covers daily living expenses, but also provides individuals with additional financial security.

2️⃣ Diversified Allocation: Diversifying Risks to Ensure Steady Wealth Growth

As uncertainty in the global economy increases, a single asset allocation may be subject to greater risk.

Hong Kong Savings and Participation Insurance supports multi-currency allocation and is able toHelping individuals diversify their exchange rate and economic risks to achieve solid wealth growth.In addition, participating insurance for savings can be flexibly adjusted according to individual risk preferences, ensuring solid returns in different market environments.

3️⃣ Property inheritance: ensuring the smooth transmission of wealth

In terms of wealth inheritance, Hong Kong participating savings insurance also has unique advantages.

Through proper planning, individuals can ensure the smooth passing of wealth and avoid possible legal disputes.At the same time, the property segregation function of participating savings insurance can, to a certain extent, protect personal assets from external interference and ensure the safety of retirement funds.

In conclusion, through the proper application of Hong Kong participating savings and profits insuranceIndividuals can enjoy a worry-free old age with a steady cash flow after retirement.

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Case Sharing

At age 30, Mr. A saves $50,000 per year for a total of $250,000 over five years.

He can choose between two options to receive his pension:Option 1: Lump sum pension fund

Choose to retire at age 50 and receive a $670,000 lump sum;

Choose to retire at age 55 and receive a lump sum of $960,000 dollars;

Choose to retire at age 60 and receive a lump sum of $1.31 million.

At the age of 50, the cash value of the savings insurance policy is already more than twice the principal amount of savings, which can be used to supplement your income, so you can choose to "retire early" with more confidence and start a comfortable retirement life at any time.Option 2: Lifetime cash flow, cash to age 100

Choose to retire at age 50 and receive $35,000 per year starting at age 50 for a total of $1.78 million over 51 years.

Choose to retire at age 55 and receive $55,000 per year starting at age 55 for a total of $2.53 million over 46 years.
If you choose to retire at age 60, you will receive $80,000 per year starting at age 60, totaling $3.28 million over 41 years.

Lifetime cash flow provides a steady sense of security and less effort in money planning.

Regardless of whether Option 1 or Option 2 is chosen, through the proper application of Hong Kong Savings and Participation Insurance, Mr. AYou can get a stable cash flow after retirement and enjoy a worry-free old age.

Against the backdrop of the delayed retirement policy, Hong Kong insurance is recognized for itsSecurity, solid returns and flexible cash flow planning, has become a new choice for pension planning for many people. Through proper planning and selection of suitable insurance products, we can ensure the quality of life and financial security after retirement.

If you are interested in Hong Kong insurance, please feel free to contact Hop Fung Group, we have a professional team to provide you with personalized advice.