"Securing 10 Million Won per Month After Retirement"... Managing 750 Million Won through 'Pipeline Diversification'

Depending on how large sums of money held at the time of approaching retirement are managed, the actual disposable income after retirement can vary. Rather than simply leaving it tied up in deposits, the key is to design an asset 'pipeline' that can minimize the burden of taxes and health insurance premiums.

According to a recent video from 'Teacher Pil TV - Kim Gyeong-pil's Money Training', a current teacher in their mid-50s, who is about 8 to 11 years away from retirement, sought consultation. The individual held significant assets, including 750 million won in assets from The Korean Teachers' Credit Union, as well as real estate, stocks, and pension savings. The presenter advised that managing such a large sum simply through bank deposits (with a 2–3% yield) is inefficient, and that strategic allocation considering tax and health insurance issues is necessary.

How to Design a 'Pension Pipeline' to Reduce Tax and Health Insurance Burdens

The key variables in asset management are 'taxes' and 'health insurance premiums.' The presenter pointed out that items such as the Government Employees Pension and National Pension are subject to aggregate income tax and are also subject to health insurance premiums. On the other hand, pensions received through pension savings and IRP (Individual Retirement Pension) have the advantage of only incurring pension income tax (5.5%–3.3%) and being excluded from health insurance premium assessments.

However, in the case of pension savings and IRP, it should be noted that the tax burden may increase if the annual withdrawal exceeds 15 million won. The presenter suggested, "It is appropriate to manage at least 150 million to 200 million won in pension savings and IRP to withdraw less than 15 million won per year." The explanation is that 'balancing' is required to lower the tax burden at the time of withdrawal by diversifying assets into ISA (Individual Savings Account), pension savings, IRP, and credit union deposits so that assets are not concentrated in one place.

Stable Management Using TDF and the Utilization of Housing Pension

As a management methodology, 'TDF' (Target Date Fund), which adjusts the ratio of risky assets to safe assets according to the retirement timing, was presented. The presenter recommended setting a vintage (target year) such as 'TDF 2034' if the retirement year is 2034, or 'TDF 2037' if it is 2037, to adjust the ratio of bonds and stocks. This method involves lowering the stock ratio as retirement approaches and managing volatility through bond-type ETFs, etc.

Additionally, 'Housing Pension' utilizing real estate assets was mentioned as an effective strategy. The presenter stated, "Since Housing Pension is in the form of a reverse mortgage, there are no issues with taxes or health insurance premiums," and suggested plans to utilize currently owned apartments or move to a higher-tier location to receive the Housing Pension. In the case of the individual, it was projected that they could secure a monthly income level of 10 million won after retirement through the Government Employees Pension, Housing Pension, and diversified financial assets.

The presenter emphasized, "The most important thing is not where you invest, but increasing the number of pipelines to reduce the burden of health insurance and income tax and to ensure stability."