When you’re in your mid-30s, retirement may seem like a distant milestone. Many are still focused on building their careers, paying off debts, or even raising your own families–leaving retirement planning on the back burner. 

But the choices you make in your 30s lay the groundwork for the future–and it will determine whether your older self can enjoy retirement with peace of mind, financial freedom, and opportunities for growth. 

Let’s dive into why starting early is so important and how planning with AIA Ascend can help you build a future you’ll be proud of.

Why start planning in your 30s?

More time to grow wealth
One of the greatest advantages of starting early is the power of interest. When you start saving in your 30s, your investments have decades to grow, earning more interest. 

According to financial experts, the earlier you start saving, the more time your money has to grow. It's like planting a tree: the earlier you plant it, the more time it has to grow and bear fruit. 

Leaving your money to grow for a longer period provides greater returns in the future, making retirement a more comfortable phase of life. 

Similarly, by leaving your AIA Ascend cash payouts untouched, these funds accumulate interest, which allows for bigger cash benefits when you reach 65. At the same time, you also get your maturity benefit equivalent to 200% of your plan’s face amount by the end of your policy.  

Safety net while you’re still strong
Starting your retirement fund in your 30s also ensures that you build a safety net while you're still young & strong. Life can throw unexpected challenges your way – from health issues to career transitions – and having a secure plan in place means you’re ready for anything. 

AIA Ascend provides comprehensive protection, including optional riders, that’s flexible enough to allow you to pursue today’s adventures while securing your tomorrow. With health and financial safeguards in place, you can live life fully, knowing that you and your loved ones will be taken care of should the unexpected happen to you.

Mental and Emotional Security
Beyond just having a safety net, you can also get emotional benefits from preparing your retirement early. Those who start planning early often feel a sense of relief and confidence about their future, knowing they’re building a strong foundation. This long-term approach to finances reduces stress and anxiety about what’s to come, allowing you to live more fully in the present.

By setting specific goals now and working toward them, you’ll be less tempted to make impulsive financial decisions that can sabotage your future. It’s much easier to relax and enjoy life when you know you’re actively working toward a stable retirement. 

With AIA Ascend’s payment terms of either 5-year or 10-year plan, you have the flexibility to adapt your plan based on where you are in life, ensuring that your future remains secure no matter how life changes.

More Options, More Freedom
The earlier you start building your retirement savings, the more options you’ll have when the time comes to retire. 

Whether you want to travel the world, spend time with family, or pursue hobbies you didn’t have time for earlier, AIA Ascend’s maturity benefit equivalent to 200% of your plan’s face amount allows you to choose when and how to enjoy your retirement. 

By making smart financial choices now, you’re investing in a future where you can relax, explore new interests, and create lasting memories with loved ones. Your 65-year-old self will thank you for the decisions you made in your 30s. 

With AIA Ascend, you have access to guaranteed cash payouts that can be left to accumulate, building a larger amount that will be given to you at age 65. This allows you to secure a more comfortable retirement, all while staying protected.

AIA’s Life Planners can help guide you with the right coverage that aligns with your goals. Contact us for a personal consultation.

Reference:

• Hancock, J. (2023). 3 Reasons to prioritize saving for retirement. John Hancock.
• https://www.johnhancock.com/ideas-insights/reasons-to-prioritize-saving-for-retirement.html 
• Hass, D. (2023). Why Is It Important to Plan For Your Early Retirement?. Forbes. https://www.forbes.com/councils/forbesfinancecouncil/2023/06/22/why-is-it-important-to-plan-early-for-your-retirement/ 
• Kagan, J. (2021). Compounding Interest: Why Start Saving Early? Investopedia. Retrieved from https://www.investopedia.com/terms/c/compounding.asp 
• Suralta, R. (2023). Benefits of Early Retirement. PhilStar. https://www.philstar.com/the-freeman/opinion/2023/02/08/2243312/benefits-early-retirement 
• Tiongson, R. (2023). Financial Education and the Filipino Millennial. Inquirer.net. https://business.inquirer.net/421941/financial-education-and-the-filipino-millennial