The oldest generation born in the 1970s is already close to 50 years old. It is not too early to start thinking about retirement issues between the ages of 40 and 50. What should we, those born in the 1970s, do for our retirement?
Let’s first listen to what everyone has to say:
1. We cannot rely on children to support the elderly. Most people born in the 1970s are not only children, but they only have one child. It is their mission to provide for their parents in old age, but they do not rely on their children to provide for themselves in old age. Because we already know that it is unrealistic to rely on one child to support the elderly. Anyone who has experienced it knows that when their parents are old and sick, three children cannot take care of them, including medical treatment and care. How can it be possible with one child? What's more, the children have to work and take care of the next generation. Therefore, when the people born in the 1970s grow old in the future, they would rather suffer than let their children suffer.
2. We cannot rely on the state for old age care. Most farmers do not participate in social pension insurance and can only receive a small amount of pension when they are old. Economically, it is difficult for them to rely on social security. Those who are employed or who pay their own pension insurance will be able to receive a certain amount of pension when they grow old, which will provide them with certain financial security. , the premise is that the labor force must keep up. The pensions received by the elderly now are paid by those born in the 1970s and those in the workforce. By the time those born in the 1970s receive their pensions, according to the research results of the Academy of Social Sciences, the demographic dividend period has passed, and the dependency ratio has reached 1:1, there will be a serious shortfall in pension funds.
3. You can only rely on yourself for old age care. Those born in the 1970s can only rely on themselves for their retirement, and they must consider it at least now.
First of all, don’t ruin your body. Having a good body when you are old is the best way to care for your elderly. In this way, you can not only rely on yourself, but also take care of others. There are many people who can take care of themselves at the age of 80 and even take care of their families. I have a relative who lives in a rural area. The 89-year-old lady takes care of an 87-year-old man. The old man has been half-paralysed in bed for more than ten years. He is completely taken care of by the old lady. It’s really amazing;
Secondly, don’t dedicate all your money to your children. Buy yourself a pension insurance while you are still able to work. This is the basic economic security for people in old age. Buy yourself an accident insurance. Such disaster medical insurance will not reimburse you and can only be protected by insurance. Then keep some private money, ranging from tens of thousands to hundreds of thousands to millions, depending on your financial ability. This is an emergency fund for retirement;
Third, treat your significant other well. Practice has proved that the most reliable person to take care of each other when we are old is our wife. For example, my relative mentioned above has taken care of his paralyzed wife for more than ten years. Apart from my own parents, I am afraid only my wife, who has always been close to me, can provide such caring care.
4. If you have financial conditions, you should invest appropriately in real estate, index funds, insurance, etc.
Hello poster, the topic of elderly care can be said to be ever-lasting. Anyone may have to consider the issue of elderly care. Of course, as a group born in the 1970s, it is a bit special, because the post-60s generation Groups are generally faced with the gradual completion of retirement. So far, those born in the 1970s will slowly face the problem of retirement. I personally think that the retirement of those born in the 1970s should still be implemented in accordance with the current retirement policy.
That is to say, retirement will be done according to the normal statutory retirement age of men over 60 years old, women over 50 years old, or over 55 years old. As long as you reach the statutory retirement age, then Anyone with a cumulative pension insurance period of more than 15 years can retire normally and enjoy basic pension benefits. Therefore, the most important way for us to provide for old age is to enroll ourselves in a basic pension insurance, so that we can get one Stable income, that is, pension benefits.
At the same time, in addition to participating in basic pension insurance, I think it is still necessary to participate in medical insurance. If you participate in medical insurance, you can enjoy the retirement benefits of medical insurance. After retirement, you can also enjoy the reimbursement benefits of employee medical insurance, and the reimbursement ratio is even as high as more than 70%. Therefore, it can lay a very good foundation to reduce the financial burden incurred when you see a doctor!
Thanks for reading, please add my following.
I am a typical post-70s generation. I was busy making money in the past few years and had no free time to consider retirement issues. In the past few years, as the burden on my shoulders has been reduced, I have increasingly felt that my own pension problem is imminent and it is time to pay attention to it.
We born in the 70s are so pitiful! We are the last generation to raise our parents, and the first generation to have no one to support us in old age. When we were young, we caught up with the household system and the family lacked labor. At a young age, we were regarded as the main labor force in the family, and we were beaten at every turn. When you grow up, you don't have much culture and technology. Faced with the wave of reform, you are confused and leave your hometown. You are coerced into joining the migrant workers traveling north and south. In the midst of the housing reform, we bought a good house in the city to settle down for our children, but we are worried about our own future pension.
In recent years, the call for buying social security has become louder and louder. Many people with better economic conditions have bought social security. After understanding the social security policy in detail, I feel that my future pension issues may be mainly based on social security and pensions, supplemented by saving money for retirement. If I have the ability, I will work hard for a few more years and buy an extra house for my children. Rent out the house, use the rent to support your retirement, and leave a property to your children after your death.
I am now nearly 50. Friends who have not bought social security should seize the time to buy social security pension. You can buy the lowest level first, which is 60% of the annual payment base. When the economic situation improves later, you can increase the payment base. Because the social security pension must be paid for a minimum of 15 years, the payment cannot be discontinued, and the payment base cannot be reduced, but can only be increased.
Therefore, friends who are not well-off can first purchase the lowest-end flexible employment pension insurance, with an annual payment of more than 7,000 yuan. Converted to a monthly payment of more than 600 yuan, it is still affordable. of. In addition, you can save money for retirement, buy financial products, deposit it regularly for five years, and use the annual interest for living expenses.
If you have ample funds, you can also buy real estate and rent out the house, which will still be an income. After death, a legacy is left to the children.
Therefore, those of us born in the 1970s have to rely on social security pensions and our own accumulated private money to support our retirement. Social security pensions can guarantee your minimum living standard, and together with your private money, you can make a living. You can live freely and do not need to look at the faces of your children. If possible, having another house can guarantee your life in old age, with unlimited scenery and freedom to come and go. As long as you are in good health, you can take a trip at any time.
The earliest group of people born in the 1970s are already 49 years old this year. There are seniors and juniors, and they are at the most stressful time in their lives. Their worldviews and values ??are stable, their social status is basically established, and their physical condition has passed its peak and is on the decline.
When talking about retirement care after 70, it is indeed a very helpless issue.
From the government’s propaganda slogans, we can see the changes in population policy. In the 1980s, it was said that "it is better to have only one child, and the government will provide for the elderly." In the 1990s, it was said that "family planning is good, and the government will help provide for the elderly." In the 2000s, it was said that "the government cannot solely rely on the government for elderly care." In the 10s, it was said that "it is better to postpone retirement and provide for yourself." , later it was necessary to promote the use of housing for retirement, and it was said that "it is good to own a house, and it can be mortgaged for retirement".
Those born in the 1970s were under the one-child policy, and most of them only had one child. The next generation has also opened up the two-child policy. Under the 4-2-2 family structure, the financial pressure on children will be greater than this. The generation is getting bigger. Although raising children to provide for old age is deeply rooted in the hearts of the people, it is not realistic enough.
The delayed retirement plan is about to be implemented. Even people born in 1970 will only be 52 years old when the plan is implemented in 2022. Delayed retirement is certain, which means that the time for receiving pensions will also be postponed. Most people's working life does not exceed the age of 55, and there is a 10-year gap between receiving social security at the age of 65. If you don’t want your standard of living to be affected, you need to supplement it with commercial pension insurance.
Today’s personal pension security basically consists of three parts: basic social pension insurance, corporate pension annuity and personal pension reserve fund. Among them, the pension paid by the basic pension system generally cannot meet all the living needs of residents. The basic pension replacement rate (the ratio of pension to working salary) is basically around 20%-35%. This data is found in OECD countries. The average is 22%; the coverage of enterprise annuities is still very narrow, with very few participating companies; personal pension reserves are insurances, funds, etc. purchased by individuals. Compared with the high risks of fund investment, commercial pension insurance has the advantages of stable income and smaller risks. Core Strengths.
If you want to have financial freedom, independence and dignity after retirement, you should pay attention to retirement planning. In terms of personal pension reserves, there are still relatively abundant ways to choose from. In addition to commercial pension insurance, there are also fixed investment funds, bank financial management, bonds, stocks, house reverse mortgages, etc. You can plan according to your own financial situation.
I was born in 1974, and I am 48 years old this year. I have never thought about my own pension issue, and I don’t want to think about it. I was divorced once and left my baby with my husband, and I never had any relationship with him from then on. I have been with my current husband for more than ten years, and my son is 17 years old. He is very smart and lovable. He is in his sophomore year in a key high school. When we first met at that time, his old uncle who worked in the government vowed to find us a stable job in the city, saying that he had the quota in his hand and it would be a piece of cake. This was a huge temptation for me who was extremely disappointed in life at that time. I ignored the objections of my family and stayed with him without any wedding ceremony. My husband was not young at that time. He had just buried his mother and was penniless. When his mother died, she entrusted him to his uncle, hoping that the old man would give the baby a way out, so he came to his uncle's house, and then Just met me. Because I was in a bad mood at home, I was introduced by my best friend to babysit the child of his uncle's woman, and was responsible for taking the child to and from school. Once the matter was settled like this, his uncle no longer cared about it, and acted as if nothing had happened to him before. During this period, my husband and I asked several times, and the answers were all vague, saying we would talk about it next time. There was no movement until retirement. During this period, I asked my husband about his work arrangements, but he kept arguing with me and wouldn't let me mention it at all. I don’t know what kind of medicine they sell in the gourd. Isn’t my husband worried at all? Since he did not have a formal job, my husband had to find a job as a security guard and has been working there for many years. He did not dare to slack off for fear of losing his job. As of now, my registered permanent residence is still in my natal village, and my son has no choice but to have his registered permanent residence placed in my name as well because he wants to go to school. In addition, I can't enjoy other welfare benefits in the village, so I just go about my life day by day.
Because I didn’t have a stable job, I was running around looking for temporary jobs. If something happened at home, I would have to stop working. My money was always very tight all year round, so I still had time to think about my own pension. Because we had no money, the baby was kept with my mother and she took care of it. My father paid for the baby's tuition until he entered high school and he became ill. I hate his damn old uncle for this. I always feel like I've been cheated. Now that I have reached middle age, I have experienced many ups and downs and changes in things and people. Only I can feel the pain during this period. The sadness and sadness in it are indeed indescribable. In many situations, it is difficult for you to hold your head up or straighten your back in the face of difficult reality. I no longer have too many extravagant demands on life, and I just take things as they come. I hope I can live happily every day, take good care of my children, take good care of my body, and be more filial and filial to my kind old mother (my father has passed away) ), spend a wonderful old age, this is enough. As for the rest, leave it to God.
Counting on the fingers, those born in the 1970s are already in their 50s. Even if you live to be 100 years old, half of your life will be gone. If you consider retirement issues now, it may be too late. Because the current retirement age stipulated in the Social Security Law is very close.
Especially female compatriots, who are not in the cadre establishment and have reached retirement age. Those who have paid social security before do not have the problem of retirement. If, like many rural people, you have not paid anything, the second half of your life will be even more difficult. Because of the existing policy, it is not feasible to make a one-time payment.
If you are a male compatriot, let’s not talk about those who are employed. For laid-off and unemployed male compatriots or migrant workers, those who have paid social security before must not stop paying and continue paying. You are not far away from 60 years old. In order to live with dignity and a relatively loose financial source when you are old, no matter what job you do, do your best, even if it is an income of two or three thousand, and bite the bullet and make your way in society. Hard work will eventually give you sweet rewards in the second half of your life.
Retirement means you have won a big battle in your life. I lost my job at the age of 48. I had not yet worked any menial job. I was constantly unemployed and looking for jobs. I changed jobs seven or eight times. I never gave up or gave in to difficulties. Step by step, I finally reached the age of 60 and retired successfully. This is your greatest achievement in life!
Hold on and work hard, those born in the 1970s!
I was born in 1973, and I am 48 this year. My wife and I are the same age. According to the current policy, there are still 12 years until retirement and 40 years of service. There is a pension, a housing provident fund and a corporate annuity. As long as no accidents occur or serious illnesses occur, life will be enough. Who knows, what will happen in twelve years. The hard-working generation born in the 1970s. well!
This question is really heartbreaking. Those born in the 1970s, those who are 70 and 71 at the front are already 49 and 48 and are close to 50 years old this year, and those who are 78 and 79 at the back are also 70 and 41 and are approaching 50 years old. Time is really like a shuttle, but also like a butcher's knife, which urges people to grow old. It is already time for those born in the 70s to face retirement.
The first thing to rely on for retirement is your own savings. You must work hard to earn money before retirement. In addition to supporting your own parents and children, you must also save part of it as your own pension fund.
Second, pensions issued by social security institutions. Retired employees of urban enterprises and institutions born in the 1970s are entitled to pensions, which are also part of the pension fund. People born in the 1970s with agricultural registered permanent residence can also receive part of their pension when they reach a certain age, and the cost may be low. Urban residents also have part of their pensions.
Third, after retirement, re-employ or start a small business to make a living and earn part of the funds for retirement.
Fourth and last, in fact, as parents, you may not want to rely on your children. If you really lose your ability to work and have no savings or pensions, you may have to rely on your children.
Facing aging is really scary. Answering this question makes me very worried. Before you lose your ability to work, you have to make money and earn enough pension money, so that you don’t have a sense of crisis.
What do people born in the 1970s do for retirement? I am a person born in the 1970s. According to our local policy, retirement is now less than five years away. In the future, we can only rely on our own retirement salary for retirement. We, the generation born in the 1970s There is no way to say that I just caught up with the contract system reform at work, and later experienced layoffs and diversions from companies, and later became the main support group for re-employment of laid-off workers. It is really a mixture of joy and sorrow. What is sad is that just after I started working, I changed from a formal job to a regular job. I became a contract worker and started to pay pension insurance. I finally got married and was given a house by my employer. But soon after the house reform, I had to pay for it myself. At that time, wages were low and it cost tens of thousands of yuan. Who had the money to buy a house? I can only quit and rent houses everywhere. After a few years of peace, we encountered corporate bankruptcy, reform and layoffs. I had no choice but to respond to the call to be laid off and eat subsistence allowances. I worked hard in society for several years. Since the urban population where I live is relatively small, I basically do nothing. Small businesses were not very good, and I had to work hard to find work or do small businesses to barely make enough for food and drink. Pension payments became a big problem at that time. Now I am happy that the country has resettled those of us laid-off workers born in the 1970s. Now we have stable jobs and a decent income. We don’t have too many requirements now. We are just waiting for a safe retirement. I will spend the rest of my life relying on the retirement salary of more than 30 years of work. If I don’t care about my children and go to a nursing home, the pension will be enough.
I was born in 1974 and am 48 years old this year. Not counting delayed retirement, I still have 8 years and more than one month to retire. My pension depends on social security (retirement salary), and I also pay commercial insurance myself: When I get seriously ill, the insurance company will cover my insurance coverage, and the money will be left to my baby and husband when I die. As long as you are not seriously ill, your salary will be enough. If you are seriously ill, there will be medical insurance and commercial insurance to support you, so pension should not be a problem.
Anyway, I will not rely on my precious daughter to support her for her retirement. I don’t want to put more burden on her. I accept her taking the initiative to be filial to me, but I will never let her passively be filial to me