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Retirement is a particular moment in life: it is both feared and eagerly awaited. Working is one of the main activities of our lives, demanding much of our energy and of our time. 

Some people work nine hours a day for forty years. Others may start later in life and take part-time jobs. There are those who may at some point have the need to make a pause in their careers.

Setting aside the differences, most people spend an average of eight to nine years of their life working, according to an article published in Very Interesting. Not much, if we keep in mind that we spend twenty-two years… sleeping! Not that bad, right?

But there is a tricky side here: when we are young and active, we cannot wait to stop working. Yet, when the time to retire finally comes, we resist it, either out of fear of being inactive, or because we do not have the means necessary to live life the way we want to.

Well, that is starting to change. A proper planning is crucial as life expectancy keeps rising and people live more years in retirement. Pensions are often too low, specially in Latin America, and economic instability is a constant in this part of the world. 

Tailor-made savings

Everyone knows how important it is to save money, but most people do not know how to start doing it. In a context of constant inflation and devaluation, retirement or saving plans are an extremely efficient tool that can help you in the process of exiting the job market and beginning a new life.

How do these plans work? Every month, a part of your salary is set aside and used to invest in a mutual fund. This fund is managed by expert financial advisors. These solutions are particularly advantageous, since they offer both safety and flexibility. The amount and type of investments are individually adjusted to match each client’s profile and particular needs.  

Employers consider these solutions as one of the best benefits that can be offered to their employees, and every day more and more individuals are turning to these plans. 

Savings funds have even attracted supporters within the millennial generation (those born between 1981 and 1996). Millennials, who have a tendency to resist any kind of planning, are the segment within which these solutions have become most popular.

 

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