Living for Today While Saving for Tomorrow: A Balanced Way to Plan for Retirement
What does your dream retirement look like?
Maybe it's sipping on a hot cup of coffee on the porch of your peaceful provincial home. Or jetting off on a three-week shopping spree across the world. Or perhaps, it’s finally managing the passion project you’ve always wanted to turn into a business. Whatever your dream is, one thing’s clear: everyone has their own version of retirement—and different ways of getting there.
But how do you secure tomorrow without sacrificing comforts today? Balance. Here’s a simple way to make your money work for both your present and your future:
- List your goals and put value on them. Try to break them into manageable amounts. Example: “I want to save P120,000 in 5 years." or "I can set aside around P1,980 a month, or around P66 a day!”
Find ways to boost your savings. To complement your savings, you can start a side hustle or cut back on non-essentials.
Start early and invest smart—with a solution built around your goals. The earlier you begin, the more time your money has to grow through compounding, where your earnings generate even more earnings.
Grow Your Wealth with Goal-Based Investing
Start your journey with Manulife GoalReady! It is a smart and affordable life and savings plan that combines insurance protection with investment growth. Its goal-based payment structure lets you choose a premium period that aligns with your timeline, helping you stay focused and in control.
By reinvesting early payouts, you can accumulate more fund units and boost your earning potential. This strategy helps compound your returns, allowing your investment to grow faster and work harder toward your long-term goals.
Check out how Frank, a 27-year-old young professional who enjoys traveling and living his life to the fullest, uses his Manulife GoalReady plan to build his dream retirement home in 15 years, all while achieving his current goals.
Live Fully Today, Secure Your Tomorrow
So go ahead and travel the world, buy the home you’ve always wanted, and explore every hobby that you’ve wanted to try. After all, life is meant to be lived. However, just like Frank, don’t forget to build a strong financial foundation for the future while you’re enjoying the moment.
Interested in learning more about Manulife GoalReady? Get in touch with a Manulife Financial Advisor and start planning the future you want today!
NOTES:
- Illustration of benefits is based on age 27 year-old male insured and assumed Fund Growth Rate of 10% based on weighted annualized return for the past 3 years of Global Multi-Asset Income Fund at 50% and Global Market Leaders Fund at 50%.
- Illustration also includes lump-sum top-up of PHP 50,000 per year from year 1 to year 15.
- Fund Value already includes Long-term Bonus
- Death Benefit is Type 2 (Higher of FA or 110% AV) with Face Amount multiple of 20x of basic premium (PHP 40,000).
- Riders attached are ADB with Face Amount at PHP 800,OOO and TDW.
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