Bahala Na Si Batman? Plan Your Retirement Wisely Instead

The phrase "Bahala na si Batman" is often used when Filipinos are uncertain about outcomes or unsure how to respond, particularly when making plans. While this carefree mindset might work in some situations, it is not advisable when it comes to planning for retirement. As the Megastar and InLife (Insular Life) Dreamweaver Sharon Cuneta-Pangilinan emphasizes, retirement planning is something we must face head-on.

“Think of it this way,” Sharon advises, “if we can plan for the next chapter of our careers habang nagtatrabaho tayo, all the more we should plan for the next chapter of our lives. Start doing more for your future by doing less, by having a retirement income plan as early as your 30s or 40s. The younger you start, the more you will be able to save and the more your savings will grow.”



In her latest vlog for InLife's Dreamweaver Stories, Sharon candidly shared that while she is not planning to retire anytime soon, she already thinks about it. “Pag sinabi mong retirement, tungkol sa pagtanda lang natin. No, it’s about wanting to finally be able to rest at kasama na doon yung living our lives to the fullest nang hindi na tayo nagtatrabaho.”

One of Sharon’s key learnings from her decades in show business and as a mother is the importance of planning, especially for retirement. She pointed out that many Filipinos become so engrossed in work and family responsibilities that they overlook their own future. “We work hard, support our families, pero hindi natin napapansin na yung panahon natin para maghanda para sa sarili nating future ay slipping away.”

Citing a study commissioned by InLife, Sharon revealed that 80% of senior citizens in the Philippines lack adequate financial resources for retirement. The study also found that retirees need between PHP 25,000 to PHP 50,000 monthly to maintain their lifestyle, an amount that may not fit their retirement dreams. Additionally, healthcare expenses and inflation make retirement costs increasingly challenging.

“In 2023, Filipino households spent over PHP 600 billion out-of-pocket for healthcare. Dagdag pa natin ang projected inflation rate na 3% by 2029. Hindi rin natin alam kung gaano kahaba ang buhay natin, lalo pa’t nag-i-improve ang life expectancy dito sa Pilipinas,” Sharon explained. “This underscores the irony that while our lives are extending, we need to financially prepare for those long retirement years.”

She also highlighted the cultural expectation of children taking care of their parents in old age. “I know it’s in our culture na maraming Filipinos rely on their kids. But wouldn’t it be wonderful if we didn’t have to be a burden? Para naman lahat tayo sa pamilya can live with less worries.”

Sharon emphasized that preparing for retirement early is key to avoiding these future concerns. “Retirement planning may be intimidating, but it doesn’t have to be overwhelming. Magplano para sa ating mga kinabukasan. As your InLife Dreamweaver, I’m more than happy to share that every Filipino can retire without worries by having a steady stream of retirement income for life.”

She introduced InLife Retire Assure, the country's first comprehensive retirement insurance with guaranteed benefits and hassle-free application. “It provides guaranteed monthly income starting at age 60 or 65, all the way until age 100. Parang tumatanggap ka pa rin ng sweldo kahit na tumigil ka na sa pagtatrabaho.”

The plan also includes life insurance for the insured's beneficiaries and features guaranteed issuance without the need for medical evaluations. Sharon encouraged Filipinos to start saving while they are young, emphasizing that retirement is not about slowing down but embarking on an exciting new chapter.

Through her partnership with InLife, Sharon and her youngest daughter Miel Pangilinan have shared practical financial tips in their "Mag-Sharon Para sa Kinabukasan" campaign. Just as Filipinos traditionally bring home extra food after celebrations (“mag-Sharon”), Sharon urges them to secure their future by saving and investing in insurance. “Let’s plan it right,” she concluded, “so we can live life to the fullest and retire without worries.”

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