Korea's older poverty rate is the highest in the OECD countries and reaches 38.2% (the National Stati.

It is easy to see office workers everywhere that feel for the uncertainty of jobs because the economy quickly freezes. Somehow the time to end the main career is to everyone. The retirement, which suddenly approaches, can not only devour an income interruption, but also the identity of life, so that countermeasures have to be prepared. At this moment, the weight and happiness of “Act 2 of Life”, depending on how you prepare for it, can be clearly different. If you have focused on expanding your assets at work, the “cash flow” is of the utmost importance after retirement. Therefore, we will look at a more precise retirement technology (Pension + Financial Technology) in “When WHEN WHAT will Office Workers” series every week.

Korea's older poverty rate is highest in the OECD countries and reached 38.2% in 2023 (the national statistical office). How is life for retired households in Korea in the middle of this poverty rate for older people.

The appearance of an office worker on the way home from work. [Photo = Yonhap News]

In old -age preliminary, living costs after retirement are the most important reality problem. Those who leave the company say that the moment the monthly salary is cut off, a serious concern that they did not appear at work at the company's strikes.

Recently, questions about this atmosphere in connection with the “preparation for age” have been immersed in parishes of middle -aged communities.

Internet users listen to the experiences with well-designed retirement and are actively looking for benchmarking strategies to reduce mistakes.

Then what are the characteristics of people who are well prepared for retirement after retirement in Korea?

If you look at the report recently published by the NH Investment & Securities' 100 -year -old research institute, you can appreciate it to a certain extent. What families in the fifties, who are well prepared after retirement, have in common that their “cash flow” is good.

Several pensioners emphasize that “real estate is calmed down, but the pension of real life results from the money that arises every month”.

Experts in financial technologies say that it is necessary if they are partly covered by public pensions such as the national pension service, it is necessary to create a plan to close the income gap that is caused by retirement from retirement in advance.

“When you retire, you need an average of 1.1 billion Won -Won value in net assets.”

The net assets of retired households in Korea are an average of 452.48 million and 37.27 million We know what seems good. However, if you take a closer look, the medium value is only 187 million Won -Netto assets and 20.58 million Won -Won yields, which indicates that there is not much economic area.

The retired households in Korea retired in average 63 years and are now 73 years old. This is an analysis of 4,076 retired households based on the “2024 Household Financial Welfare Survey” by the 100 -year -old research institute of NH Investment & Securities.

Regardless of whether they cover the corresponding living costs or not, the net assets of the retired households, which replied that they had enough money, won more than 1.7 billion on average. It was found that for “I have a substitute life” and 630 million We for “normal” with a considerable net value of more than 1.1 billion.

Interestingly, retired households in the metropolitan region had more net assets than non-metropolitan areas, but the degree in which they felt relaxed about the appropriate living costs was considerably lower. Since the proportion of financial assets to net assets in the non-metropolitan area was higher than in the metropolitan region, it was found that even if net assets are high, the pressure to increase the cost of living if it is not proper financial assets are secured.

If you look at the living costs according to the region, the retirement households in the non-metropolitan region spend 17.05 million no year, while the average annual expenditure in the metropolitan region was 21.13 million won, which was 24% higher. It was found that the metropolitan region spends 31% more for food and 35% more for living space than the non-metropolitan area.

As can be seen from the comparison between the metropolitan region and the non-metropolitan area, even if you have a lot of net assets, if you do not secure proper financial assets, you will feel serious pressure to finance your living costs for retirement.

This is also the reason why we have to convert assets into financial assets in advance if we approach retirement.

Experts recommend that the cash flows to be converted into a “cash flow-oriented” asset portfolio in direct connection with the psychological stability of old life as soon as possible.

Especially if you have only one house, the efforts to reduce the real estate relationship and to dispose of some of your assets are urgently needed. It is important to set a structure in which a certain amount of income is made every month by dividends of financial products or monthly tenant income and pensions.

“Debt from retirement, reduce it as soon as possible”

If you retire, your debts must be reduced as soon as possible.

In phases, the “relaxed” group with an average of 170 million is the most debt. It was then found that they had gained debt of around 100 million We for “sufficient” and about 90 million for “normal”.

It seems that the “sufficient” group is based on their debts to a certain extent, based on their great net assets and retirement.

On the other hand and the difference in net assets, there is a large debt size between the metropolises and non-metropolitan areas. In phases there is a difference of 2.84 -for “sufficient space”, 3.92 times for “free” and 2.66 times for “normal”. In the case of the non-metropolitan area, the difference in the size of the debt according to stage is relatively low. It is believed that the difference in the collateral liabilities or rental deposits is due to the difference between real estate prices between the metropolitan region and the non-metriolical area.

“Pensioners, earned income are a realistic alternative”

If you examine the income composition of pensioners in Korea more precisely, the group, who replied that they have enough money, has a large share of their real estate income of 45.9 million won per year, almost 50% of their total income (91.1 million won).

In addition, the public transmission income is 22.5 million won, which is 25%. This shows that assets and public pensions that were created before retirement are factors that influence the ease of life after retirement.

Real estate income and public transmission results make up a high proportion of 33% of the income, while the “moderate” group has a relatively high proportion of earned income compared to other groups.

Public transmission results and earned income make up a high proportion at all levels. If the income of property or public transfer income is not sufficient, the most realistic alternative is to cover the cost of living through earned income.

The most important financial resources are public pensions or public advantages

If you look at the main methods for the preparation of living costs for retired households, public pensions make the largest part if the appropriate living costs are “normal”. According to “inadequate” public advantages seem to be the most important source of financing.

The next high proportion appears different, depending on whether the corresponding living costs are covered or not. The proportion of real estate income such as rental income, personal savings or private pensions is high in “sufficient space”. In “I have scope” the order of each article changes in the order of the savings, the personal pension and rental income.

In addition, family income and pocket money under “normal” are relatively high, so that they do not deviate much of the traditional way of supporting families or children.

Institutional support seems to be necessary so that individuals can secure more private pensions and actively use apartment pensions.

Kim Jin-Woong, a researcher at NH Investment & Securities, advised: “The key to preparing for age is the ability to maintain life instead of maintaining the size of the asset.” The higher the ratio of cash asset, the easier it is to react to the uncertain future “.

He continued: “Retirement can be a process of transition from a social role to another.”

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