In the past years, several retirement plans have been introduced by life insurance companies targeting at cash rich consumers to invest their retirement savings. If you have been approached to take up such a plan, you must be careful to know its good and bad points. If you wish to have an independent review of and explanation of this plan, and more importantly, to learn a better way to invest your savings, read this paper. http://tankinlian.com/admin/file.aspx?id=790&IID=797
These are scam retirement products which lose the purchasing power for you when you retire, ie your saving will buy less than before.
ReplyDeleteCurrently inflation is about 5%.
Consult an independent adviser and NOT financial product salesman.