| Summary: | 碩士 === 東吳大學 === 會計學系 === 98 === According to the latest survey of Directorate General of Budget, Accounting and Statistics (DGBAS)of the Republic of China(Taiwan) government, about 33 percent of people more than 45 year-old have the slightest idea of pension plan after retirement. Besides, modern parents have to work hard to raise their children before retirement, and then to raise their grandchildren after that. Moreover, clinical study found that elderly people with lower-income are prone to depression, anxiety about meals and illness, which costs much money; thus these come into a vicious circle.
Financial plans after retirement is a crucial part in career planning. Due to aging, majority of people would the loss their jobs; therefore, financial plan after retirement should be made as early as possible.
According to the existing pension system in Taiwan, the number of labor and government employee and school staff insurance accounted for about 87% of the total labor force. Thus this research is valuable with labor and government employee and school staff insurance by providing citizens with financial planning after retirement. However, since social welfare system in Taiwan is not perfect, and since pension office offers is not enough to meet basic living needs after retirement; therefore, a pension gap develops.
The more thorough the financial plan is made before retirement, the more joyful life would be after that. In order to keep better life quality after retirement, we must accumulate income by savings or investment while working, in order to offset the pension gap, which is the the focus of financial planning after retirement.
This research are summarized as follows:
First, pension fund reserve should be managed as soon as possible. The earlier the more light the burden would be; the sooner the more easily. The utilization of pension can not be too conservative, because inflation rate and financial affordability both should take into considerations. People should choose investment and financial management tools suitable for themselves, and manage to prevent effect from other financial expenses.
Second, people should persisted in retirement financial planning. Duration and return on investment are the most important two factors. The higher the return, the less amount of money invested. However, all investment takes risk, but the profit is the reward. The higher the risk, the greater the profit or the loss may be. The core value of financial planning after retirement is how to strike a balance between risk and profit, in order to reach the most amount of pension.
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