You two seem to be somewhat naiive about financial matters, to say the least. I would steer clear of anything to do with the stock market, government, crypto, investment companies, etc (voice of experience). You would be much better off simply putting your savings into a bank investment deposit account overseas, which currently offer eg 4.8% in Australia. The UK also have similar interest rates. Otherwise, if you can, buy property (overseas). I have lived in Japan 33 years. I have an academic (university) pension and the Japanese national pension (pro rata about 55%). You should know that from the national pension the government takes your health insurance payments, some local taxes, and old age insurance. In my case that comes to more than half the pension (or about a quarter of the full pension) and that is net ¥15,000 per month, quite a small amount ! The academic pension is quite poor, only ¥150,000 per month. It used to be about double that but about 25 years ago the academic pension system was forced to join the ailing civil service pension system and thus the academic pension was halved in value. I also receive small pensions from the UK and from Australia, which gives me a total pension income of a little over ¥300,000 a month. I can just manage on this because I have already paid for my house. Knowing all this in advance, I made various other investments over the years and also saved as much as possible, and thus have extra supplementary income for a more comfortable life. And I did also manage to get two children through international school, university and grad/med. on one income. So my advice is to think ahead, think strongly about safe investments, and be ready for the time you retire when your regular income becomes significantly different !! Best wishes from Nagano-ken.
You two seem to be somewhat naiive about financial matters, to say the least.
I would steer clear of anything to do with the stock market, government, crypto, investment companies, etc (voice of experience). You would be much better off simply putting your savings into a bank investment deposit account overseas, which currently offer eg 4.8% in Australia. The UK also have similar interest rates. Otherwise, if you can, buy property (overseas).
I have lived in Japan 33 years. I have an academic (university) pension and the Japanese national pension (pro rata about 55%). You should know that from the national pension the government takes your health insurance payments, some local taxes, and old age insurance. In my case that comes to more than half the pension (or about a quarter of the full pension) and that is net ¥15,000 per month, quite a small amount ! The academic pension is quite poor, only ¥150,000 per month. It used to be about double that but about 25 years ago the academic pension system was forced to join the ailing civil service pension system and thus the academic pension was halved in value. I also receive small pensions from the UK and from Australia, which gives me a total pension income of a little over ¥300,000 a month. I can just manage on this because I have already paid for my house. Knowing all this in advance, I made various other investments over the years and also saved as much as possible, and thus have extra supplementary income for a more comfortable life. And I did also manage to get two children through international school, university and grad/med. on one income. So my advice is to think ahead, think strongly about safe investments, and be ready for the time you retire when your regular income becomes significantly different !! Best wishes from Nagano-ken.
I think you 2 vaaaaguely have heard about these alternatives, but even I could spot several errors. Why put this out in the public??