Bank saving or pension plan:what is the most appropriate?

I have the same problem and I decided to get a pension plan but be careful on what company you are going to apply on. They should be in the pension industry for 2 decades or more to ensure stability. If however, you choose to settle to a bank account, choose a government bank because they will never go bankrupt.

I would chose pension plan for my money. You never know how much money you have for your eldre days. I actually have two plans for my pension. I also will get some from my employer, but you never know where they have put our pension savings in the stock market, adn so forth, you do not know how much you will get when the day comes. It´s better to be safe than sory.

I am confused sometimes too. It's really scary to know that even the bank is not a safe place for our money. After the economy crisis happened in the Wall Street due to the high risk housing mortgage, more people are concerned about their fund with the bank. I think we should manage our fund by distributing them evenly in several areas. Cash is good, because we could use them anytime in case of emergency. Opening an saving account in the bank is not problem (I will choose credit union if possible), because usually government will guarantee the savings in the bank account up to certain limit. That means, you will get your compensation by the government up to certain amount if the bank bankrupt. Therefore, you should know the limit and avoid saving the amount beyond that protection coverage. The your fund exceed that amount, you can consider saving it in another bank. Or you can consider investing the money in other places like the stocks and real property. But bear in mind, there are certain risks as well.