As with most Spanish banks, the Kutxabank Pension Plans are products that are designed to encourage savings and supplement the pensioner pay you will receive in the future. In addition, in the short term, you can obtain important tax advantages with each contribution you make. If you want to ensure your future income and that these help you overcome difficult economic times once retirement comes, pension plans can be the ideal product for it.
Kutxabank has at your disposal several types of pension plans, some more risky in their investments and others less, for savers and investors of a more conservative nature, however, you can expand all the information you need by clicking on the one that you think can be adjusted more to what you are looking for.
When hiring a pension plan, be it from Kutxabank or another bank, we must take into account several factors: our retirement horizon, our profile as an investor, the level of risk of the plan itself, the returns (although it is important to remember what past returns do not guarantee returns in the future), etc. With all these variants we should look for a pension plan that adapts to the amalgam of conditions and always without losing sight of our level of risk aversion because, although betting on equities is usually more profitable, it is not exempt from great risks .
If our profile as an investor is conservative or we have a near retirement horizon, we should look for a plan that focuses mainly on fixed income, and if we are in the opposite situation, with a long path to our retirement and little risk aversion, we can take risks a little more by investing in equities to maximize the profitability of our savings. And if we do not always have the mixed one, which mixes different percentages of both types of assets to find a balance that can satisfy our interests and those of the pocket.
Hiring a pension plan is not simple, there are many factors that change over time and we must be aware that as we approach our retirement horizon or the market fluctuates sharply, we must cushion the swings at the helm and change or transferring the plan (without cost) from one to another to try to maximize our assets.