ways to prepare for old age

Philippines
January 27, 2007 1:10am CST
Everyone has goals. Many people want to graduate from college, get a well-paying job, get married and then have children. but, very few of them ever think about preparing for old age. There are easy and simple ways to make old age secure in the future. 1) One way is to get a "pension plan" or a "savings plan". This is in addition to the pension benefit that you can get from the company where you had worked, if you had. 2) Another way is to get a health insurance from a reputable health maintenance organization. The insurance premium is actually cheaper than the actual cost of medical treatment so it will save you a lot of medical expenses. 3) The last one is to get a decent memorial plan. It's better not to put the burden of your funeral expenses to your family. I think, these three things are some of the best investments to consider.
2 responses
• United States
5 Feb 07
Save money and lots of it... Put away 5% of every paycheck and in 20 years you will have enough to last for 10 years... Its not hard to do and you wont miss the money...
@Jestin (560)
• Philippines
5 Feb 07
I just want to make sure I don't grow old poor. I don't want to burden my family when I grow old and I want to be able to pay for my hospital expenses and my other expenses when I grow old and I want to enjoy the time when I won't have to work and I have my discount privileges for being a senior. I will work and save while I'm young and be rich and happy when I grow old.