Growing old is a certainty that everyone will experience. As you get older, of course your productivity will also decrease, so that in order to be happy in old age, a person needs to have intelligence in managing finances well and carefully from an early age.
So, what must be done so that your finances are well looked after in your old age? UM Surabaya Sharia Economics Lecturer Fatkur Huda shares tips so that in old age you won’t have financial shortages.
First, plan your retirement. Planning for retirement from an early age is certainly very good, this is so that we have an orderly plan for our old age. This planning includes finances, insurance, lifestyle, and includes creating an estate plan that includes a will, legal authority to regulate the distribution of inherited assets according to existing regulations.
Kedua, investasi jangka panjang. Investasi menjadi bagian yang dapat dijadikan dukungan dalam menjalani masa pensiun, tentu investasi yang dimaksud adalah investasi jangka panjang. Memilih portofolio yang terdiversifikasi dapat membantu mengatasi fluktuasi pasar.
Ketiga, rencankan pembayaran utang. Hutang akan menjadi beban yang berat pada masa pensiun. Maka, jika memungkinkan seseorang harus mampu merencanakan pelunasan utang dan tentu juga seseorang harus mengusahakan untuk menghindari pinjaman yang tidak perlu, terutama pada masa tua.
“Hal ini akan mengurangi beban keuangan bulanan Anda, sehingga keuangan di masa pensiun akan tetap stabil,”ujar Fatkur Jumat (20/10/23)
Fourth, carry out emergency rescue. Every time someone is faced with conditions that are not mentioned in the future, of course it will also have an impact on economic problems in general and your finances in particular.
“This needs to be anticipated by planning sufficient emergency funds to overcome this situation. “Emergency funds have the same function, so you have to use them when needs are unexpected, such as health needs, natural disasters or pandemics,” added Fatkur again.
Fifth, evaluate financial planning. Changing conditions will certainly affect a person’s needs, so the financial plan must be evaluated periodically to ensure that it remains relevant to changes in your financial and life situation.
Lastly, consult a financial expert. Consultation will help one to get advice from a competent financial advisor. They can help in planning investments and retirement more effectively.
“This is also intended to know that our plans for retirement are appropriate and able to run according to future conditions,” concluded Fatkur.