Author Topic: "Personal Equity Retirement Account (PERA)" -- What do you think?  (Read 31226 times)

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wilch23

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #135 on: Apr 19, 2017, 11:04 AM »
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wiggy

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #136 on: May 22, 2017, 10:37 PM »
BDO and BPI offers this (other banks too as PERA admins).

I like the tax incentive but i'm just a bit reluctant that its your retirement fund but is still subject to market risks - it can grow and earn but still no guarantees. ideally you are expected not to withdraw until you are 55 yrs old and your investment value will be based on the current value. That's a risk I'm not sure I can take for my retirement fund.

I'd rather put my retirement fund in a 'safe' investment and invest on aggressive growth potential  funds on the side.


But the 5% tax incentive may make me taking the risk worth it?

markpogi

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #137 on: Jun 09, 2017, 02:38 PM »
Any Idea when will the other banks will follow?

Always_listening

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #138 on: Jun 20, 2017, 02:29 AM »
Hi,

Would you be interested to invest in a VUL (variable Life Insurance)? It is Life Insurance with investment.

Munting Paalala mula sa inyong lingkod.

Three facts About Life Insurance

1. Mas mahal and Life Insurance habang tumatanda ka.
2. Hindi lahat ng tao insurable.
3. Ang pinaka-magandang oras para kumuha ng Life Insurance  ay habang hindi mo ito kailangan. Dahil pag kailangan mo na, maaaring hindi ma pwede.

#WiseInMoney

Sincerely,
Man From the Pru

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We customize policy based on your needs/goals. Talk to us! We are here to listen!

#PruLife #AlwaysListening #AlwaysUnderstanding

Alfalfameister

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #139 on: Sep 25, 2017, 05:14 PM »
(sigh)

I've been wanting to invest in PERA (or for my employees to do so), but when I went to a BDO branch nearby, nobody knows about it. It's on their webpage, sure, but implementation is non existent.

My two gripes about PERA are:

1. It's still non-existent (but BDO finally emailed me, saying they will update me if there's any news. But, hello? It's on their webpage!)

2. Maximum of only P100,000 annually (P200k for OFWs). Granted, for lower income earners, that's still a stretch (I doubt my minimum wage employees can afford P1,000/month). I wish it were like the IRA/401/Retirement Funds of, say, the USA. I think Australia is 9.5% (up to 15% with "salary sacrifice") of your monthly income, whatever that may be.

#1 they should address immediately, and #2 is just a personal gripe.

Besides, the only reason I want #2 (increase of maximum amount) is because I invest in index/mutual funds, and I just want it to be tax free, haha.

madfedaykin

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #140 on: Jan 14, 2018, 01:47 AM »
All the BPI and BDO branches that I have inquired at does not "administer" PERA investments. According sa mga bank branch reps na natanungan ko, selected branches lang daw nila ang nag-o-offer. They could not even tell me which branches. Go figure!

KatieScarlett

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Re: "Personal Equity Retirement Account (PERA)" -- What do you think?
« Reply #141 on: Feb 27, 2018, 12:47 PM »
I invested a small amount to PERA last year with BPI but hasn't really reviewed what happened to the fund despite being sent a report (my bad). I think to invest in PERA, you have to contact the dedicated PERA representative. For BPI, he was very flexible and met me at BPI near SM MOA, although I think he's actually based in Ayala.

I hope others share their experience with PERA. As far as I understand, it's the PH equivalent of Roth IRA. Please correct me if I'm wrong.

 


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