[반퇴시대 재산리모델링] Maintain the rental business registration and join the TDF.

Q My aunt (51) lives in Seongnam, Gyeonggi-do. There are two children who are working double-income with their wife and have not yet entered school. The monthly income is not small now, but the retirement period of the company is early around the age of 55. I am worried that my children are still young, and education expenses are expected to increase further in the future. I have an apartment where I live, and the rest of the apartments for investment are registered as housing rental companies, but I wonder if it is better to keep them. Since they have no investment experience, they are only rolling their money into deposits and savings. Before it was too late, I asked for a consultation because I thought I should be more active in soliciting assets.

A The house where Mr. Lee currently resides is an area with good living infrastructure, but if you are considering a housing pension in the future, you should consider changing to an apartment that meets that standard. As there is no immediate need for a large amount of money within 2-3 years, a more active strategy to increase assets is needed. It is recommended to diversify and invest in TDF (Target Date Fund), Real Estate Fund, and Global ETF (Listed Index Fund), and increase the amount paid for pension savings and IRP (Personal Retirement Pension), which are pension products.

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◆Move to an apartment subject to housing pension=The apartment Lee currently lives in is an area where the number of households is close to 1,000, and there are subways and schools around it, so it is recommended to keep it as it is. If you are considering a housing pension using a house after retirement, keep in mind that the target is a house with a quoted price of 900 million won or less. After the age of 55, you can consider changing to a house that meets these requirements and using it for retirement funding, and using the difference as a child’s education expenses. For housing rental companies registered in 2019, keep the period as it is. The rent and deposit increase limit cannot exceed 5% per year, and there is a hassle of having to report the change every time when the tenant is changed. However, there are benefits such as exclusion of total real estate tax, reduction of property tax, and exclusion from the number of houses when calculating capital gains tax, and special long-term holdings can be deducted. Rental business registered apartments must meet the lease obligation period, and if the rental period is not met and terminated, the tax benefits received so far must be vomited.

◆Pension savings and IRP payments must be increased= Let’s more actively roll cash-like assets such as deposits and savings into investment assets. We are paying 4.5 million won for monthly installment savings, but let’s increase pension savings and IRP payments and invest in ISA (Individual Comprehensive Asset Management Account), a tax-saving product. Lee recommends that over 50 years of age, increase the pension savings payment to the limit of tax credit. The government has increased the pension savings tax credit limit for seniors aged 50 or older from 4 million won to 6 million won. This will be applied temporarily for three years until 2022. This would increase the total tax credit limit including IRP from 7 million won to 9 million won.

Deposits worth 500 million won should be diversified and invested in TDF, real estate funds, and global ETFs. TDF is operated at a risky asset ratio of 60% and can expect a return of around 6% per year.

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◆ Paper consultation=Please inform the property remodeling center (02-751-5688, [email protected]) of the phone number for consultation and the status of assets, income, and expenditure. It is treated as a pseudonym and is free.

◆ Face-to-face consultation= Meet an expert to receive counseling. 100,000 won will be donated to’Westart’, which helps low-income children. Contact information is the same as for paper consultation.

Tae-hoon Kim, Jang-seok Kim, Yeon-ju Kim, Sang-yoon Sang-yoon (from left)

◆ Financial Planning Help=Kim Tae-hoon, CEO of Build Asset, Kim Jang-seok, CEO of MetLife Life Insurance Irum Branch, FSR, Kim Yeon-ju, head of Seoap-gujeong Gold Club PB Center of Hana Bank, Sang-yoon Sang-yoon, head of Mirae Asset Daewoo, Myeongil-dong Branch

◆ Sponsorship=Mirae Asset Daewoo·Hana Bank

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Reporter Seo Ji-myeong [email protected]