Lack of financial reserves can ruin your retirement

3-min read
Healthy body Healthy finances Healthy mind Life goals
  • People in Hong Kong are living longer and longer. That means they are enjoying longer retirements.  But not everyone knows how to plan financially for these longer golden years. If you don't have enough financial reserves, you may have to postpone the day you retire or suffer a lower quality of life in retirement than you hoped for.

  • The answer is to start preparing for your retirement as early as possible. Start a comprehensive savings and investment plan and then step by step you will gradually grow your personal financial reserves for your retirement. A happy retirement is within your grasp.
Make a financial plan and take steps towards the dream retirement


  • Set a clear target and plan early: Picture the ideal life you want after retirement and work out how much you will need for your expenses. Set a clear saving goal accordingly and start your financial planning as early as possible. Review your progress regularly and adjust your saving strategy from time to time should your needs and capabilities change.

  • Gain knowledge: Learning how to manage your wealth successfully requires specific knowledge. So you will need to continuously improve your knowledge to secure your savings and protect them from the impact of inflation.

  • Make good use of wealth management tools: Choose appropriate wealth management tools according to your personal appetite for risk and your overall financial status to enjoy capital appreciation.

  • Seek expert opinion: You can also choose an insurance plan as one of your financial tools and seek advice from financial planning consultants. Pick a suitable insurance plan, and you will be able to enjoy a fulfilling retirement.

  1. "Hong Kong Population Projections 2020-2069" published in September 2020 by Census and Statistics Department
  2. The 12th AIA Desired Retirement Tracker conducted between October 19 and October 29, 2020, interviewed with a total of 1,000 working people in Hong Kong aged 18-65 with at least one MPF account. The entire survey was conducted by Cimigo, an independent market research firm.
This webpage is for view in Hong Kong/Macau only. The above information is for general reference only. It does not constitute as an offer and/or insurance product recommendation. The product information in this webpage does not contain the full terms of the product. For details of the product features, terms and conditions, exclusions and key product risks, you may refer to the relevant product brochure and policy contract of relevant products. In case you want to read policy contract sample before making an application, you can obtain a copy from AIA. Life insurance policies are long-term contracts of insurance. Should you surrender the policy early, you may receive an amount considerably less than the total amount of premiums paid.
The copyright of this information belongs to AIA. No part of the contents of this information may be reproduced or plagiarised without the written consent of AIA. You may not copy or store any contents hereof to or onto any other websites or content platforms.
AIA does not guarantee the accuracy and completeness of the contents of and information as set out in this publication, nor be held liable for any contents of or services and/or products as mentioned in this publication. In case of any infringement and/or legal issues, AIA absolutely reserves the right to pursue any liability and compensation thereof against any person or entity.

Recommended product categories

You may also be interested in