Associate Professor at Chulalongkorn University Pornanong Budsaratragoon recommends that people aim for a monthly post-retirement budget as a percentage of their monthly income. Photo: chiangraitimes.com Current figures indicate that the average civil servant retiree has enough to spend 70 pecent of their monthly income, with those entitled to social security at 40 percent. However, the average retiree outside the social security system, such as farmers and laborers, only has 20 percent of their monthly income available post retirement. Therefore, non-civil servants should begin investing as soon as possible. Those nearing retirement should begin to acclimate themselves to their post-retirement budget. Chairman of the Thai Bankers' Association, Kobsak Duangdee, suggested that if people save enough to account for 40 percent of their monthly income, their retirement savings will last them until they are 80 years old. Furthermore, people should consider investing in … [Read more...] about Bank of Thailand holds financial planning for retirement seminar
Invest for retirement
VietNamNet Bridge - The US-based International Living magazine early this year released the Annual Global Retirement Index 2015, ranking and rating the 25 best retirement havens in the world, which included Vietnam. The Japanese-styled Bridge Pagoda in Hoi An. For some, it was not a surprise as nearly two decades ago, the Japanese discovered that Vietnam was an ideal location for retirement, particularly Dien Bien, a neighboring area of Hoi An (now Dien Ban City of Quang Nam Province). Why is Vietnam included on this list? Many Vietnamese thought that Vietnam was not attractive to foreigners. To choose the ideal places for retirement in 2015, International Living evaluated day-to-day expenses to the cost of a flight back to the U.S., groceries, movie theater tickets, eating out, garbage collection, gas, gym membership, and all the hidden and often unconsidered costs—like traveling and exploring neighboring towns. Along with Vietnam, four other Asian countries are also among … [Read more...] about Vietnam ranked as an ideal place for retirement
VietNamNet Bridge – The housing and real estate market must be the market for consumption, not for seeking profit. It is necessary to create favorable conditions for groups of low income earners in to obtain accommodation and prevent speculation-for-profit of some groups. On November 26, an international workshop on housing and real estate market development was organized in Hanoi at which participants affirmed that the government plays a decisive role in the real estate market. Habibullah Khan from Singaporean Education Organization, advisor to the World Bank, stressed that the controlling the real estate bubble requires the hands of the government. He said that the global financial crisis, originating from the US, was caused by problems in the real estate market. The crisis led to the collapse of a series of banks. “The far too favorable conditions for providing loans led to the boom of the real estate market,” he said. It was the … [Read more...] about Real estate for consumption or investment for profit?
VietNamNet Bridge – While some foreign investment funds have had their operation extended in Vietnam, domestic funds are less lucky. The anticipated death Forty seven investment fund management companies have been licensed, which have been the funds with the minimum capital of 25 billion dong. Many of them have been managing two or more investment funds, while all of them have been incurring heavy losses during their operation. Two management companies have been put under the special control for six months, namely the Huu Nghi Fund Management Company and Thanh Viet Fund Management Company, after they were found as unable to meet the requirements on financial security. Like many other investment funds, SSIVF with the capital of 1.7 trillion dong was set up in 2007, when the Vietnamese stock market was at its peak. However, the business has been performing badly due to the sharp falls of the stock prices. The dissolution of SSIVF was anticipated earlier this year, … [Read more...] about Domestic investment funds retire from the market
Conventional wisdom says you need to save $1 million for retirement.That target may be easy to remember, but it falls short of the true cost of what's required for post-career comfort. Longer life spans, the threat of inflation and the uncertain future of Social Security benefits make this long-touted savings advice inadequate for most, advisers say. Scottrade recently polled 226 registered investment advisers on the topic and found that 71% don't believe $1 million is enough for the average American family. Most said families need to save double, or more than triple, the amount. "Younger generations, especially, need to set their retirement goals higher than other generations and start saving as early as possible," says Craig Hogan, Scottrade's director of customer-relationship management and reporting. The survey solicited opinions about the current investment habits of Americans. Questions were broken down by generations to determine advisers' opinions on average investment goals in … [Read more...] about $1 million doesn’t cut it for retirement