禁漫天堂

Make lots of money when you are younger from running your own businesses. Buy lots of properties with mortgages and rent them out. Invest in lots of private pensions and top up your state pension if necessary. Put spare cash into time deposits or better still buy more property. Most importantly, inherit lots of money from rich relatives.

@wyngrove60

Hindsight is a wonderful attribute Wyngrove

I also asked for investment ideas (eg which platforms for buying stocks are available in Indonesia), in the forum one time, but did not get a lot of replies.

I have the feeling that people here, do not have a lot of interest in sharing such information.聽

Hello everyone,

Saving for retirement as an expat in Indonesia can be challenging. With different options, rules or even taxation, expats have to understand how it works to make informed decisions. We invite you to share your insights in order to help other expats and soon-to-be expats manage or plan their retirement savings in Indonesia.

How do you handle retirement savings in Indonesia?

Have you faced any challenges accessing pension funds from your home country (or from other countries)? How do you deal with taxation or the currency exchange rates?

What local options are available to expats, either public or private, to help you save for retirement?

What are the most popular private pension or investment plans popular among expats in Indonesia?

What do you wish you had known earlier about saving for retirement as an expat?

Thank you for your contribution.

Cheryl
禁漫天堂 Team - @Cheryl

Hey everyone,

I鈥檓 a local here in Indonesia, so my perspective might be a bit different from long term expats. But based on what I鈥檝e seen & experienced, I hope this might be helpful for anyone thinking about retirement here:

1. Don鈥檛 put everything in one basket

Personally, I wouldn鈥檛 rely 100% on BPJS. It works, but for health coverage, private insurance usually gives better service & peace of mind.

Also, keeping all your savings in rupiah might not be ideal. A mix of currencies like USD + IDR, or even others gives you more flexibility if things change suddenly.

And honestly, gold savings are quite popular here as a long term hedge. It鈥檚 simple & doesn鈥檛 depend on any single country鈥檚 economy.

2. Be careful with investment platforms

I鈥檓 not a stock expert, but I鈥檝e seen colleagues lose money on some local platforms sometimes even scams. If you want to invest in stocks or funds, try to choose platforms with a solid track record & proper regulation, even if they鈥檙e not local.

3. Medium to long term business ideas

BTW, I鈥檝e been developing a business model that combines several things agriculture, tourism, education & small scale F&B all within one ecosystem.

First, I apologize if it feels like I鈥檓 promoting my idea. I just wanted to share it & maybe some of you might find it interesting as an investment opportunity.

Here鈥檚 what鈥檚 appealing about it:

1. Every part supports the others.
2. Initial costs may seem high, but because resources are shared, total expenses are lower.
3. Investors get income from multiple sources, making it more stable than relying on just one.

Note: If anyone is interested in my business idea, feel free to send me a private message. If not, no worries! Actually, I have 2 business ideas & 1 job training program it鈥檚 too long to explain here, so just DM me. Hehe 馃榿

4. Other options that expats have tried

1. Trading imported goods, like fashion, many locals prefer foreign brands, especially if they鈥檙e affordable. That said, for me, Indonesian products are often really good too.
2. Eco friendly farming or small scale solar energy projects.
3. Education businesses for example, prep courses for Indonesians who want to work or study abroad or digital services, which are low logistics but high potential.

5. Why this matters for retirement

Retirement isn鈥檛 just about stacking money in a bank account. Building something that generates steady income & grows in value over time can support your retirement while also contributing to the local community. 馃檹