State-run bank gives financial advice for retirement

[webfact]

State-run bank gives financial advice for retirement

 

 

BANGKOK, 9th July 2018 (NNT) - The Government Housing Bank (GHB) has arranged a seminar “Aging Population in the Age of Thailand 4.0” at the GHB Expo 2018. The bank suggested that entering retirement needs early planning, particularly in terms of finance. 

Financial expert Suwan Wlaisathian said today saving is what everyone should pay attention to. Without careful planning, retirement can cause trouble to oneself and one’s children. Financial planning for retirement should be based on each person’s lifestyle and an emergency fund is necessary, said Mr.Suwan. 

Mr.Suwan suggested that 10% - 20% of one’s salary should be saved every month. Regarding investment, he said people should invest appropriately and a house is a worthwhile asset for long-term investment. 

GHB Deputy Managing Director, Chatrawi Chirakunmethaphat said at the seminar that the working age population must plan their retirement although they might have only just started their careers. She suggested constant saving of at least 10% of the salary and investment in profitable assets such as houses.

 

-- nnt 2018-07-09

[Get Real]

9 minutes ago, webfact said:

The bank suggested that entering retirement needs early planning, particularly in terms of finance.

No shit, Sherlocks!

[pegman]

I thought their retirement plan was having children.

[Bluespunk]

37 minutes ago, webfact said:

Mr.Suwan suggested that 10% - 20% of one’s salary should be saved every month. Regarding investment, he said people should invest appropriately and a house is a worthwhile asset for long-term investment. 

On a wage of 300 baht a day?

 

900-1,800 a month?

 

Yeah right-that’s going to solve everything. 

[mok199]

The corrupt wealthy  telling the struggling poor how they should save for their future,another ridiculous seminar attended only for the optic,showboating and seafood buffet...nice pie chart though

[Lungstib]

1 hour ago, webfact said:

She suggested constant saving of at least 10% of the salary and investment in profitable assets such as houses.

The very use of the word 'salary' and the idea that workers should invest in a house shows just who these people are talking about, the lucky minority. Do they not understand that some 70% of Thais are involved in the daily struggle to make their meager wages stretch to cover more than food and rent? Perhaps they need to get out a bit, actually look at who is serving their food and washing their car.

[colinneil]

So according to mr Suwan, a man earning 300 baht per day should put aside between 40-60 baht for his retirement.

Is this man living in the real world?

[KiChakayan]

Did he recommend any safe country where to deposit these savings?

[trainman34014]

I must rush to remind the dirt poor Villagers around us that they should 'pay attention' and start planning for retirement early !

[Morch]

"Don't be poor".

[YetAnother]

22 minutes ago, Morch said:

"Don't be poor".

sure, agreed; do not forget thailand is a poor , misguided , misled third world country; 

do stupid people know they are stupid ??

nothing here will change in the next 20 i have here

[ChouDoufu]

this just in - bank finance officer suggest taking out mortgage at 18% will do wonders for "his" retirement plan.