Your life later depends on the plans you build today.
How do you picture your retirement years? For many, retirement may seem like a far-off future. But it’s nearer than you think and it’s crucial that you start planning for it today. Do you want to explore your passions, fulfill more dreams and continue living independently even when you retire? These are all possible —if you are able to start saving now and grow your wealth.
Securing your comfortable retirement
Having a retirement plan and setting multiple sources of income to support your way of life can help you live a comfortable and financially independent life down the road.
Save smarter. Live better. Retire ready.
There’s no better time than now to start planning and preparing for the future you want. With Manulife retirement plans, you can achieve financial independence and pursue your passions later in life just as you would today.
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An affordable life and savings plan with insurance and investment benefits.
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Retirement
Guaranteed protection and cash benefits for your future needs like your child’s education or pursuing your passions.
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Save for your retirement so you can make the most of the next stage of your life's journey.
Learn more about how you can start a retirement plan.
A retirement plan (also known as retirement insurance) is a long-term savings tool that you contribute to during your working years. The money you save in your retirement insurance plan is invested in financial products with the aim of increasing your retirement fund over time.
It is vital for anyone who wants to secure their financial future and maintain a comfortable lifestyle in their golden years. Here are key benefits to start saving for retirement today:
Build up your retirement savings gradually
A retirement plan allows you to accumulate savings gradually throughout your working years. Regular contributions to your plan can help you build a substantial retirement fund.
Grow your retirement fund with smart investment options
Retirement plans typically offer various investment options, such as stocks or mutual funds, that can help grow your retirement fund. These investment options offer the potential for higher returns, ensuring your money works harder for you.
Enjoy regular income after retirement
One of the key benefits of having a retirement plan is getting regular income during your retirement. This income acts as a safety net, covering your daily expenses, medical bills, and any unexpected costs that may arise.
Take advantage of tax benefits
Many retirement plans come with tax benefits, such as tax-deferred growth or tax-deductible contributions. These tax advantages can help you maximize your savings and lower your tax liability, allowing you to keep more of your hard-earned money.
Receive Life Insurance Coverage
Some retirement insurance plans, like those offered by Manulife, include life insurance coverage as part of their package. This means that in the unfortunate event of your death, your loved ones will receive a death benefit, ensuring their financial security.
There are several popular retirements plans in the market. Here are the 2 key options you may consider:
Retirement Savings Plans: Retirement savings plans are an excellent way to grow your retirement fund. These plans allow you to contribute a portion of your income regularly, which is then invested to grow over time. You can enjoy the benefits of compounding interest, tax benefits, and the flexibility to choose your investment options.
Pension Plans: A pension plan is an employer-sponsored retirement plan that provides a fixed income during your retirement years. The amount you receive typically depends your employee policy, based on your salary and the number of years you have contributed to the plan, which you have less flexibility to control the amount of contribution.
Watch these videos on how to retire ready.
Save smarter. Live better. Retire ready.
Saving cash for retirement is not enough.
Watch this video from journalist
Salve Duplito to know why.
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It’s important to care about retirement as early as now.
To understand, watch this video from Coach Lyqa featuring our Chief Health & Product Officer, Grace Mallabo.
Learn more about how you can live a secure and protected life.
Want to learn more about Manulife Retirement Plans?
Talk to a financial advisor today