Can I buy wealth management products with social security?

Five insurances and one gold are generally paid by the work unit at work, so some people will think, can you manage money with five insurances and one gold, and can you buy wealth management products with social security? Can I use the provident fund? We have prepared relevant contents for your reference.

Can I buy wealth management products with social security?

First of all, we must know what social security is. Social security refers to endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Assuming that an old man can legally receive pension insurance money when he reaches the statutory retirement time, then he can manage his finances.

However, medical insurance is not available. Medical insurance money can only go to the hospital to see a doctor, and unemployment insurance, work injury insurance and maternity insurance can all receive money. After receiving the money, it is personal will. It is also legal to buy wealth management products with money.

Therefore, to buy wealth management products, you can use the money withdrawn from social security, pension insurance, unemployment insurance, work injury insurance and maternity insurance. However, there are risks in wealth management, and you need to consider it clearly before you manage it.

Can I use the provident fund to buy wealth management products?

Provident fund withdrawal: refers to the depositor who goes to the relevant department for provident fund withdrawal to go through the procedures for provident fund withdrawal according to the requirements for provident fund withdrawal, and withdraws part or all of the amount in the provident fund account to the personal bank account.

How to use the funds transferred to the personal bank account is my own personal wish. No one will take care of you or supervise you to buy a house or anything. Therefore, it is theoretically possible to buy wealth management products with provident fund, but it is relatively cost-effective to buy a house with provident fund loans.