A planned retirement is retiring to a good life
The news that life expectancy is increasing significantly is certainly happy news, especially when the lengthened years are characterized by health and pleasure.

In order for the following years to be kind to you and to bring you a quality life and financial well-being, it is important to make an informed financial plan to exercise your rights from the savings you made during your years of work in the various funds: insurance, provident, pension, education and more.

What does retirement planning mean? This means the management of economic resources in the best possible way with the help of professional guidance. This is what will guarantee you and other retirees a standard of living that is adapted to your needs and your personal desires. Who said that lifestyle belongs only to young people?

Let’s talk a little about age and numbers:
The retirement ages according to Israeli law are 67 for men and 62 for women.

The minimum eligibility age for retirement is 60, which means that already at this age you can retire and apply for a pension from the funds.

Mandatory retirement age is 67 – when an employee reaches this age, the employer can force them to retire.

Planning ahead for a new beginning

Retirement at any age entails a new beginning that manifests itself in a major change in life – the transition from an essential worker to a retiree who is free to do as he pleases. This sharp transition involves a psychological process that raises questions, concerns and doubts about the years to come: How will I manage my budget? What are my financial needs? What can I afford to do? What is the amount of the net allowance required for me? And many more legitimate questions.

All these questions should be asked ahead of time before retirement. In order to enjoy the good things offered by this new life, it is necessary to plan in advance the management of the household’s budget. This is the way to ensure a life characterized by financial peace, which will also bring mental peace.

Retirement planning in advance will lead you to retirement age with peace of mind to reorganize your life, build an active routine for yourself and insert diverse interests, activities and hobbies into it, and of course quality time to spend with your family on trips, cultural and sports activities and more.

Retirement planning is a job in the full sense of the word, in the framework of which you need:

• Define your goals and prioritize them
• Build an optimal mix for all the pension and financial assets you have
• Create a suitable and comfortable financial flow for the rest of your life

At El-Ad Insurance Agency, professional, experienced and skilled partners are waiting for you, who will help you plan your retirement in advance, and build a plan for your new life in a professional and informed way.