Life after retirement sounds like a distant thing. But when we've been working for a while, it seems that time flies unconsciously. From First Jobber in his early 20s to salaryman in his 30s. then transforms into a professional at 40, becomes an executive at 50. In a few years, he must retire from work and enter the path of the retiree. Even with free time, but no income comes in every month like before. Here are 5 things you shouldn't do about your finances. If you don't want to be sad when it comes to retirement

1) Use the provident fund before retirement : 1) A provident fund is a savings plan that brings together income from a lifetime of work. Combined with employer contributions and investment in profitable assets becomes a large amount of money that lets us spend life after retirement. This money should therefore not be touched before it is used for its intended purpose. which is something that should not be done when we change jobs and get the provident fund that has been accumulated from the previous work and then spend this money, instead of transferring to the provident fund of the new workplace or invest in a Retirement Mutual Fund (RMF). Another regretful thing is Reducing the amount sent to the provident fund because it will give us a sum of money in the endless than it should be.

2) Thinking too late about saving for retirement: Many people just come to think of saving money for retirement when they reach the age of 4, entering number 5. It’s not too late to start collecting money. But they must collect each month in quite large numbers. This means changing your spending habits to the extreme and having the ultimate collection discipline. This is quite difficult due to the life span that must bear the cost in every aspect. Wouldn't it be better if we started saving for retirement at a young age when life was not burdensome? And it's also a way to train yourself to build good financial discipline that leads to stability at the end of life.

3) No long-term health insurance: It is absolutely necessary to have health insurance that continues until we are old age. Because the waning health of old age leads to sicknesses that we cannot predict. The fact that we have long-term health insurance that has long-term coverage for life after retirement by hurrying to do and pay insurance premiums in full while still working and earning. This helps reduces the cost of medical care that may occur. Which if we go to do it in retirement with no income, the premium becomes a burden to be paid with the money saved for use. Importantly, insurance may not cover chronic diseases if we already have symptoms or treatment history.

4) No other investments at all: With inflation, the value of our currency is becoming less and less. with lower deposit rates than inflation If we do not take some money to invest at all. Until retirement, the value of the existing savings was greatly reduced. As for the question of what to invest in, "stocks" are an investment option that will make the value of your savings beat inflation. Because usually, stocks with dividend yields should be above inflation levels. Higher than deposit interest rates and return on investment in government bonds. If interested, you should look for a higher rate of return, for example, 5% or more. However, investing must choose stocks with high security, i.e. stocks with high dividend yields. In addition to stocks, There are still investments in gold. and real estate to help us beat inflation.

5) Paying too much for children: Even though parents want their children to receive the best, good school education, good environment. If you do not have a good spending plan Out-of-pocket money means less money to keep for retirement and will become a resentment in later life. We should have a good plan to save for our retirement first. Then let's look for the best in the amount that we can pay for our children. And try other aids such as scholarships, student loans, etc.

No one wants to be in trouble when they are old. But the biggest problem is the lack of good planning and savings to have enough money. These 5 guidelines will help you not to regret them later.

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Source : https://www.kiplinger.com/slideshow/retirement/t047-s001-retirement-mistakes-you-will-regret-forever/index.html