It’s that stage in my life where I am an empty nester. My two girls are now financially independent and not living in the family home anymore. It is that stage in my life when I am preparing for my golden years…not retirement because I will never retire. Life is so much fun being a blogger. These days, one can still continue work and yet enjoy life at the same time using online opportunities. My goals are income, wealth and protection.
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Who doesn’t want money for life? I know I do. It does not mean I want to covet luxurious items. When I say wealth, I want money for life to take care of my basic needs: food, shelter , (still paying for my house loan), utilities, health needs and clothing .
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My retirement plan revolves around sudden illness. Health is wealth but I need to prepare for accidents, complications, if ever, on my diabetes. The best care is preventive health care. I do that now by walking daily (at least 10,000) steps and removing beef, pork, and chicken from my diet.
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I cannot imagine my children supporting me in my old age especially if they have families already which is one reason that I stopped giving them financial support once they started work so I could rebuild my savings. My kids often say that they will help us in our old age but I don’t want them to think that is our plan. If they want to give us gifts, well and good. It is not an imposition but more out of love.
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What do I want my legacy to be?
Leaving a legacy means different things to different people. But what is leaving a financial legacy? Each of us today, has a financial future. My next goal is now leaving a legacy but not necessarily for my children…Yes, I do want to preserve my estate but most importantly, I want to have enough money to tide us over during our golden years of over 50 and above.
The Money for life eplanner at moneyforlife.com.ph is a good start , which guides me on achieving this legacy.
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My desired goal is staying protected from sickness and accidents.
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The next step is identifying my needs and the amount of my goal.
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I have options to explore that I can now talk to my Sunlife advisor, Kendrick Chua. He has been my advisor since 2011.
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I will update you soon on how I have been achieving my “money for life” goals.
You can get a headstart by joining the Bus to the Future
To help inspire the public to create their own Money for Life plan with a financial advisor, Sun Life created a 360-degree visual reality (VR) video, transporting them to different scenarios based on their chosen life stage. This will enable the viewer to live the dream for a minute and be encouraged to start planning for their future through Money for Life and Sun Life’s life insurance and investment products.
Viewable with a VR headset, the video can be experienced in a customized bus called “Bus to the Future,” which will be making its way to different malls and campuses nationwide. Among the stops are:
| MALL | DATE |
| Bonifacio Global City High Street | June 11 |
| Eastwood | June 19 |
| SM City Cebu | June 25 |
| Solenad, Nuvali | July 2 |
| UNIVERSITY | DATE |
| MAPUA Institute of Technology | June 2 |
| Ateneo Graduate School of Business | June 12 |
| De La Salle University | June 16 |
| University of the Philippines Diliman | June 16 |
| San Sebastian College | June 20 |
| University of San Carlos Cebu | June 24 |
| Lyceum of the Philippines University Manila | June 29 |
| University of the Philippines Los Banos | June 30 |
In all these stops, Sun Life financial advisors will also be on hand to accommodate inquiries.