Is social security 35 or 40 better?

Social endowment insurance is best paid between the ages of 35 and 40. Old-age insurance generally refers to social old-age insurance, because the number of years required for social old-age insurance is 15 years. After the age of 35, most people have a stable income, a stable source of income, a certain amount of deposits, and their disposable money will be greatly improved. Endowment insurance with a payment period of 15 years can be paid before retirement, so as to meet a stable life in the future.

1. Comparison between buying and not buying endowment insurance;

In the age when endowment insurance was just introduced, most people didn't know what endowment insurance was. Some people stop paying for a few years. They hide their money and use it when they get old. Since the introduction of the old-age insurance policy, some people have been actively paying fees. At that time, there was a sharp contrast between these two types of people. Because of old-age insurance, some people can't spend all their pensions. Those who have not paid or cut off the old-age insurance can only continue to spend the balance they have saved, no more or less, and can only live together. Some people know that old-age insurance has such benefits, so they want to pay it in one lump sum and make up the unpaid old-age insurance. This is no good. The endowment insurance has a clear stipulation that the national endowment insurance is not a free market and cannot be paid out of order.

2. Endowment insurance is an important part of social security system and one of the five most important social insurances.

3. Retirement pension consists of two parts: pension = basic pension+personal account pension.

4. Personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. )

Pensions can only take effect after applying for payment. Apply for a pension has the following requirements:

Need to reach the statutory retirement age and go through retirement procedures, and work units and individuals need to complete the purchase and payment of old-age insurance. Individuals need to pay 15 years. Up to now, the legal retirement age of male employees in China is 60, and the retirement age of female employees is divided into 55 and 50. Female workers engaged in production and auxiliary work can retire at the age of 50.