Retirement Financial Planning - Consider Inflation Factors When Calculating Retirement Funds

Reported 8 months ago

As Taiwan is expected to enter an ultra-aging society in 2025, preparing retirement funds has become a significant topic for locals. With the aging population and longer life expectancy, it is essential to factor in inflation when calculating the needed retirement savings. Various surveys suggest different amounts needed for retirement, with considerations for monthly expenses and the impact of inflation over time. For example, with an average inflation rate of 1.24% in Taiwan, the estimated increase in living costs after 20 years could be significant, highlighting the importance of proper financial planning for retirement.

Source: YAHOO

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