Best Retirement Plan

Life is very short. 

In some countries it is very very short. 

In Japan 🗾 people live longest life. Japanese 🍙 people live more than 100 years. 

I live in Spain & I met few Spanish peoples in far away from city life in Spanish villages who were having 98-100 years. 

I don't remember if I met any one who were having more than 100 years. 

Nevertheless, few of my friends told me during my visit to Spanish villages that city hall of this specific village has organized a big celebration 🥳🎉 for old peoples with more than 100 years age. 

Few villages are habitats of more than one person who has 100 or more years. 

I remember that one time one of my friends (I) specially drove her car to a nearby village of her village, where I was staying with her family (husband, kids & her brother) in weekend, to show me her uncle and say to hello to him. 

I was also very excited for this opportunity to meet a 100 years or more than 100 years old person. 

We parked and visited her uncle 🏠🏡 house. 

He was sitting close to a chimeny covered with blanket. 

I said him hello & I was very happy. 

In India, uncle of my father died after 100 years (Chachere Baba). 

We met him every year for few days whenever we travellers to our village to spend few days. 

 After that I never met or heard about any one with more than 100 years age in India. 

Moreover, thus, in European countries many people survive more than 100 years. 

In fact, it is related to healthy lifestyle & good health system. 

I don't what is average life in America, Canada, Australia 🌏 or middle east countries because they are either in a category of developed or rich country. 

I heard, in many countries of Africa 🌍, people die at age of 40-50 years. 

I don't know what is average life span in Latin American countries or South Eastern or Eastern countries. What is average life time in your country? 

You can write in comment section or send mi your opinion & we can include it in this article if it is appropriate. 

In Spain, normally people retire at the age of 65-67 years after working for 35-37 years. 

 

I heard recently that Spanish government wants to increase the retirement age. 

 

Now the question is when does younger generation get the job if you increase the retirement age to 70 or more years. 

 

Nevertheless, in Spain the numbers of unemployed people are high than other European countries & pay scale is low. 

 

Spain is considered one of poor European countries. 

 

But one of good things of Spain is that everyone receive a pension on retirement. 

 

When you pass an age, you will receive pension from Spanish government although it is at minimum 700 euros. 

 

But if you have worked for 35-37 years on a good pay scale, you will receive same amount of money as a retirement pension which you were getting as a each month salary through job. 

 

There wouldn't be any difference between your salary and your pension. 

 

Nevertheless, many people in Spain do investment in private pension plans, thus, they can earn more 💰 money or they have a pension plan as an investment of extra 💰 money. 

 

Mostly, Banks offer you several types of pension plans. Banks are private in Spain & they do best to engage the clients in different plans of bank to do business. 

 

Do you have any pension plans to offer to readers of this article? 

 

You can ✍️ write to us. 

 

Of course, you have to explain us why do readers buy your retirement pension plan. 

In India, situation of retirement pension is different. 

 

Nearly 6-7 years ago, each public servant has received a pension after retirement. 

 

Same was situation in private sector if your company is one of big companies & paying taxes for you. 

 

The small company, shops or restaurant etc employee do not receive retirement pension except that they have invested privately in pension plans or really owner has paid taxes which belong to them. 

 

Normally the owners of private small business entities avoid to deposit taxes of employees, thus, avoid the complications which they face in government offices. 

 

Paying taxes means owner is declaring that the employee works for owner, then labor law, tax law etc the chance of getting trapped in spider web of laws becomes high. 

 

Yes, the big business entities do declaration because they do transaction of big money & of course, it is visible. 

 

They ensure that their employees recieve pensions. 

 

If you have any offer of retirement plans for such employees, you can write to us. 

Now, in India, scenario of receiving pension on retirement is different. 

 

Indian government has passed a law and now it is already implemented that no government employee will receive pension on retirement. 

 

Yes, the employee on retirement will receive a big amount of money depending on pay scale. 

 

Previously the average age of retirement was between 55 and 60 years. 

 

Few people retired at age of 55 & few at age of 60 on approval of extensions of periods of service. 

 

Now, apart from your age, it depends on your wish. 

 

Now Indian government promotes Voluntary Retirement Scheme (VRS). 

 

Government employee can submit a request for VRS after working few years & Indian government can consider it. 

 

In case of approval of your case, you will receive an amount of 💰 money & you becomes a retired person. 

 

Of course, many people use the money to start a business or start to work for a business entity privately. 

 

Many of them invest the money in a retirement plan. 

 

Many use the money 💰🤑 in buying properties for family. 

 

If you have any retirement plan or a plan for VRS money investment, you can write to us. 

 

Of course, retirees can write us where they spent money & maybe we include their opinions in this article if it is appropriate. 

 

My late father received pension on retirement. 

Now, what is the situation of younger generation like me. 

 

I live in Spain from last 20 years & I am with a wish to return to India one day. 

 

Yesterday I wrote an article about my situation in Spain. You can read it. 

 

It is a very interesting story 🤔🧐. 

 

I am sure you are going to like it. So, I am living as a foreigner in Spain. 

 

Although, after 20 years of living, I consider Spain as my home as I consider India is my home. 

 

But the fact is I am a foreigner living in Spain. 

 

A foreigner can never have same right as the natives of a country have. 

 

This applies in my situation also. 

 

Due to instability in job & my stay in Spain, I always have interest in investment to ensure the money 🤑💰 flow because now, in this modern age, health & wealth both are important. 

 

If you don't have 🤑 wealth, you will not be able to pay bills & the pressures may deteriorate your health. Of course, old age will deteriorate a life. 

 

You can send us your opinion or ✍️ write in comment section. If you have an offer for old age, you can write ✍️ us. 

Sure, I still belong to young generation in Spain, although few of my friends in India have already started to do kirtan of "Hare Rama Hare Krishna" & few talks about Maya, Moksha or Moksa & Mukti, popular terminologies of hindu philosophy & religion that is used when we talk about liberation from cycle of death & rebirth (Samsara). 

 

This tells that you end young period of your life & you are entering in another period of your life. 

 

It is clear that the lifestyle of India & Spain is different although all of us are human. 

 

What do you think 🤔?

Nearly 15 years ago, one of my brother's friend came to visit me when I was in India at my home for one month. 

 

Everyear I visit India for one month. 

 

Of course, I have to do a visit every year because I born in India & I have my mother & siblings, & my parents house in India. 

 

Few people of my job in Spain, they don't agree that I do a visit every year for one month, but everyone is free for opinion, agree or disagree.  

 

Nevertheless, at that time, my brother's friend was working as an agent to sell SBI life policies. 

 

Now he doesn't do this job. 

 

I asked him to tell me where I could do an investment of a small amount of money. 

 

He explained about two policies of SBI life. 

 

SBI life is well know in India. 

 

SBI stands for State Bank of India which is associated to Reserve Bank of India. 

 

SBI is a largest bank and is a public bank that means Indian Government is owner of this bank. 

 

There is less chance of loss of an investment if it is done in a scheme of a public bank. 

 

Is it a situation of your country? 

After several talks with my brothers on 🤑💰 money matter, I decided to invest in both plans. 

 

One plan was to invest one time for 10 years and he ensured me to recieve double amounts at end of the plan (10 years). 

 

This plan is already closed & I received an amount. 

 

He recommended me to invest in a SBI pension plan. 

 

I agreed with him to invest each year a small amount of 💰 money in SBI pension plan. 

 

I asked him for how many years I have to pay installment. 

 

He said me only for 5 years. We met his manager in SBI life insurance office to ensure everything including I have to pay only for 5 years the installments. 

 

The manager was belonging to my cast. 

 

You know, in India, castism is a dominant factor. 

 

I live outside of 🌎🌍 India from last 20 years & have travelled approximately 40 countries & have seen different cultures & met people of different cultures, religions & races, therefore, now I am above to cast issue. 

 

But India is a India. Anything can happen. 

 

The manager of SBI life insurance explained me as it was explained by my brother's friend. 

 

There was much tally between statements of both. 

 

I repeatedly asked them the term of payment is only 5 years to ensure it. 

 

Both told me: Yes, you have to pay only for 5 years but you will receive pension only after 18 years. 

 

I was happy 😊😁 that I will pay only 5 years because who knows what will happen with me due to job instability. 

 

My situation were allowing me to take decision in favor of to do payment in short periods for long term investment. 

 

SBI life pension plan was for 5 years payments to receive pension after 18 years. 

 

I invite you to publish yous plan with this article. Of course, we take commission on each sell. 

Five years had gone & I paid each year the installment as we agreed & signed. 

 

The manager prepared the whole documents of SBI life pension plan after meeting & we signed the documents. 

 

But I surprised on 6th year when my brother received a phone call from SBI life office regarding payment of 6th year. 

 

He answered them that the period of payments was only for 5 years. 

 

But he received several SMS & phone calls for payment. I requested my brother's friend to explain me the situation. 

 

He told that he had left the job, so he did not know more about it but he recommended me to talk to manager for explaination. 

 

I called the manager over phone & he denied that he said the term of payments was only for 5 years. 

 

I said him I didn't have any recorded version of our conversation, otherwise I showed him what he said during meeting. 

 

My brother agreed that the agent, who is his life long friend, did not know terms & conditions of a policy. 

 

An agent only know how to sell a policy & anyhow he has to sell a policy because he earn commission on each sell, but a manager must know the details of each policy because the manager is a permanent employee of SBI life insurance office. 

 

An agent has a temperory job of selling SBI life insurance policy which can be left anytime if it does not generate enough 💰 money of living life. Am I right?

I invested money from last many years in SBI life pension Scheme & hope to receive a good pension. 

 

Then, I will select a best deal for planning a travel of whole world 🌎🌍. 

 

Of course, I will do few purchase from my own our collections. 

 

You can also do the same.  

What other Pension Scheme do you know? 

 

You can write ✍️ in comment section or can send to us. 

Don't forget to read our next article.