Financial Management

Currently there is much talk of retirement, both to expand the age of it as if our Social Security system can handle, eventually, pensions for all citizens by accessing go pension system. Faced with a somewhat uncertain future, perhaps you are wondering if there are alternatives to expensive private ensure some financial peace of mind at the time we need it most: after retirement.

As individuals, we can access, in addition to pension plans, two products, mutual funds and insurance savings.

Investment funds are a collective savings institution, which brings together the savings of private investors to create a comprehensive forndo, managed by professionals, provides liquidity to investors. The main advantage with respect to pension plans is that the investor can redeem your money whenever you want. But also, if you do not need those savings can be maintained in the long-term fund, and can switch to other funds other as often as you desire, not to be taxed for it.

To join the portfolio of a mutual fund, the individual only has to buy a share and automatically becomes a member of the product. Since there are currently about 6000 types of funds to choose from, we find the one that best suits our needs and preferences.

Insurance savings or insured pension plans (PPP) are very similar to pension plans, and even have identical coverage, which are retirement, death disability. The main advantage of this insurance is to guarantee the invested capital plus a minimum interest rate that is now fixed at 2.5%. The main disadvantage is that you can not recover unless one of the reasons given under the insurance contract.