The investment expert and founder of ATAIR, Antonio Rivas, has carried out an analysis on the sustainability of the current pension system and the problems that retirees could have in the future to collect this Social Security benefit. He is not the only one who has questioned this and the pensioners themselves They demand to improve the amount of money they collect every month.
Rivas, who already announced that with a salary of 1,500 euros you can get a good savings fund To, among other things, think about a peaceful retirement, the dilemma now arises as to what will happen in a few years with the Spanish pension system. Because, taking other countries such as Norway or Chile as a reference, “a capitalization system was created, which is better understood with the strategy of compound interest, putting in little by little and in a few years having more… why don’t we take the pension piggy bank and invest it in companies or in quality fixed income and it is all of us Spaniards who benefit from this?”
You may be interested
A woman begins to collect her widow’s pension and Social Security forces her to return 10,542.12 euros after recognizing the right of the deceased’s first wife
Social Security will add up to 5 years of contributions to workers who had to interrupt their career to care for children, but the benefit is only for one of the parents
And, in the Nordic country, “when a company stops doing something well, it withdraws its pension fund, which is the most influential in the world,” the investor explained in an interview for NewsWork. “This pension fund has a not very high profitability, 4% or 5%, but with which future retirements are paid.”
A reality that clashes head-on with the Spanish pension system, “with this current pension system, it is not going to give us decent and quality pensions as we would all like.”
Invest “from birth” to prevent future problems with pensions
The best age to start investing, for Antonio Rivas, is “literally when the child is born.” He explains that “if when he is not even a year old, an account is opened and the parents make periodic, small income, of about 50 euros per month… when he turns 18 and has taken advantage of the compound interest, he will have to pay for his degree, apartment rent and a master’s degree at a good university.”
And this account will have to be ‘fed’ until “one dies, one should never leave it.” And the expert has been clear. We must change the concept of savings that has been followed ‘all our lives’. “If you don’t save, you’re going to have more problems than before, if you save like before you’ll also have problems, but if you take advantage of financial innovations, the next world is going to be much better.”
“Taking advantage of this, in a few years we will be reasonably well.” These technological innovations that Rivas talks about are accessible to everyone. “Current brokers allow investments of only 1 euro to be made.”