Although it is not that easy for one as a father of the house to depends solid on just pension to run his family because the pension would not be enough for him, so I think it's better he invest or do business to increase his income.
Register or log in to explore all our content and services for free on Admin Junkies.
The pension can never be enough, most persons I have seen today do not rely on their pensions alone, they have other business they do to earn something no matter how small. I have seen cases where they do not even pay them their pensions for months.Although it is not that easy for one as a father of the house to depends solid on just pension to run his family because the pension would not be enough for him, so I think it's better he invest or do business to increase his income.
Most pensioners are not able to meet the needs of their families with the little pension they get. Some of them invest the pension into some business and that is what helps.I do not know if the pension earned is the same amount as the salary the retiree earned while still working.
If you were able to take care of family needs while working, now should not be a big deal.
Some retirees even do businesses so as to meet the needs of their family.
It's why I always advise workers to start having plans for their house even before getting a job. With numerous expenses as we grow older, it's hard to save later in life for it, and rent is only becoming more expensive.In our country you cannot rely on your pension for your daily needs. Most of my classmates are complaining that their pension couldn't even buy their maintenance medicine. The highest pension here is 10,000 pesos which is $200 only. It would be enough for the expenses of the pensioner only but that amount can never support a family. Most pensioners here that have their own home can live comfortably but you can imagine if the pensioner is renting a house.
One thing we got to understand about the issue of pension is that,in reality the pension one gets which is a percentage of what he earns in active service,would not be enough to take care of most of the needs at home and on personal level.Mostly people have a big family to look after. And have many expenditures like paying bills, look after the guests, festivals etc. How you manage everything in your given pension?
If you have your pension funds I think the best thing to do with it is to invest your money into something that will bring you good returns, that's the best advice I can give you.When the pension is paid, I will advise that it is preferable to not reduce it in the guise of meeting other people's needs.
Make sure to make an investment in a different company that can provide additional money, even if it is an online venture.
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.