Young people don’t actually think of their retirement until their later years but I believe one should consider this as easly as now because you will never know what your financial situation will be like when you are no longer at an age you can still get employment.
A good way to prepare yourself from retirement is by opening an Individual Retirement Accountt (IRA) that will help you save and earn during your retirement years. An IRA is basically a tax-deferred personal account nthat is solely used for investments.
In the Philippines this is more known as the Personal Equity and Retirement Account (PERA). It is best that you have an extra amount for this type of account because it is subject to an early withdrawal penalty.
There are so many ways to keep money coming into your IRA. Among them are stocks, bonds, annuities, savings accounts or even gold.
This is a bit technical and banks have different rules so it is better to ask your bank how to put gold in an IRA. Because gold is the most durable and wealth-preserving asset and investment on the planet.
Some are very critical about gold IRA transfer and only accept 24k gold so it’s best to buy gold from a trusted seller. But I’m sure your bank can stir you in the right direction for this.