Professional Documents
Culture Documents
Group 14 Reporting 1
Group 14 Reporting 1
GROUP 14
MEMBER:
ADRIAN CALPITO OGOY
ARMANDO LAJERA TUMAGAN
TOPIC:
WEEK 17- PLANNING FOR
Retirement
Retirement Plan
Retirement Benefit
Estate Planning
Retirement planning may be one of your lowest priorities right now. If you are like many
young individuals, you are significantly more preoccupied with your daily activities and
professional development. Because retirement is a distant event, you may not feel
compelled to think about it until later in life. However, the truth remains that the majority
of us will spend several years in retirement. With ongoing advancements in health and
medical treatment, today's young people may live far longer than currently expected. You
may live for 20 years or more in retirement.
WHAT IS RETIREMENT?
Retirement is a worker's status after they have stopped working. Another option for semi-
retirement is to continue working, however this is generally done out of choice rather than
need. This often occurs when a person reaches a certain age, when their physical health has
declined (due to disease or an accident), or even out of personal choice (usually in the
presence of an adequate person or personal savings). In many nations, retiring with a
pension is regarded as a worker right. Whether this is a right or not has been the subject of
protracted intellectual, social, cultural, and political conflicts.
WHAT IS A RETIREMENT PLAN?
How much would it cost to retire? In order to ensure one's financial security upon retiring, it is
crucial for one to set aside money for retirement and have a retirement plan. A Retirement
Plan is a plan to give people a pension or income during retirement, when they are not
receiving a stable salary from a job. Retirement plans employers, insurance providers, the
government, or other organizations like employer groups or labor unions can create plans.
1. A member who is 60 years old and unemployed and has paid at least 120 monthly contributions prior to
the semester of retirement
2. A member who is 65 years old, whether employed or not, If employed he should have paid 120 monthly
contributions prior to the semester of retirement, whether employed or not.
WHAT ARE THE TYPES OF RETIREMENT BENEFITS?
1. The monthly pension
Estate Planning is more complex than just creating a plant to transfer certain
assets to specific individuals. A thorough estate plan enables you to keep control of your
assets and designates who will make choices in the event that you are unable to do it
yourself in the future.
Advance planning, good advice, and proper assembly, of important documents will
all be necessary in estate planning.
WHAT IS ESTATE PLANNING?
Estate Planning is a procedure that establishes goals and determines the methods best suited to
achieve those goals in order to offer an individual and his or her successors the greatest potential
financial rewards and personal fulfillment
Estate Planning is more complex than just creating a plant to transfer certain assets to specific
individuals. A thorough estate plan enables you to keep control of your assets and designates who will
make choices in the event that you are unable to do it yourself in the future. Advance planning, good
advice, and proper assembly, of important documents will all be necessary in estate planning.
THANK'S FOR
LISTENING.