What You Need to Get Ready for Retirement

October 16, 2019

Getting older is a fact of life, and it's not a negative thing by any means. But with the changing years comes a changing lifestyle that needs adequate planning and preparation. Luckily, with the proper preparations, you can look forward to living your golden years in comfort and good health. For tips on what you need to do in order to ensure a comfortable retirement for yourself, check out the short list below.


One thing you need to make sure you have plenty of as you grow older is savings. Sure, splurging on the latest cell phone or next big trip might make you happier in the short term, but that's not all there is to life. The Philippine Star reports that Filipinos have among the lowest retirement savings in Asia, with respondents of a survey only having an average of 3.6 months' worth of savings. This is incredibly low when compared with the regional average of 2.9 years. In order to make sure you can retire comfortably without having to work again, it's important to start saving as early as possible.

Diet and Exercise

Another thing you should start doing as you get older is making sure that you have a healthy diet and plenty of exercise. As we age, our bodies begin to show the effects of our lifestyle choices more quickly. This includes the surfacing of diseases like diabetes and hypertension, which is why a healthier diet is essential. In addition to this, it's also important to start exercising regularly. According to the Philippine Daily Inquirer, 61% of Filipinos lack exercise, up from 59% in 2015. Don't let yourself fall into that statistic, and make sure that you start working towards a healthier lifestyle today.

Health Insurance

Finally, one thing that you should definitely look into when preparing for retirement is a good health insurance plan. The frequency of hospital visits and the chance for hospitalization increases as you grow older, and that can take a toll on your wallet. To protect your health and your finances, you need a good health insurance plan that's meant for retirees. Paramount's PrimeCare Cash Plan is specially tailored for retirees aged 50 to 75 years old, with coverage up to 80 years old. It has premiums for as low as Php 213 per month, as well as guaranteed acceptance and coverage all over the Philippines and the world.

Regular Check-Ups

When it comes to going to check-ups at the doctor's, many Filipinos might find it too much of a hassle to go regularly. After all, the usual assumption is that if you aren't sick then you're probably perfectly fine. But going to the doctor regularly has more benefits than just simply checking off an item on a to-do list. Going for regular check-ups means that you can build a continuous health record as well as a relationship with your physician, making it easier for them to check for anomalies in your health. It also allows for early detection of diseases, giving you more chance to mitigate and recover.