Recommendation - Youngjuneilson
Revised Edition - Kim Seong-il
preface

PART1.
Start-Raising Financial Knowledge

1.
Let's YOLA for a lifetime of YOLO
My fault? My brain's fault! | Let's do 'Yola' | Why you should start right now | Why should you care about returns? | Earning, spending, and managing money: money
2.
I'll handle my own money
Pension is my action device | Where should I put my pension savings trust, pension savings insurance, and pension savings fund? | It's not difficult if you try ETF! | The trap of returns and compound interest | Compound interest, good interest, and profiteering | Profit and consumption, the meaning of salary | Preparing retirement funds | 2% vs. savings interest
Deposit interest 2% vs.
Fund Return 2% | What is Risk in Investment? | Why Does Pension Investment Require Asset Allocation?
3.
Understanding the Three Musketeers
Personal Pension: Pension Savings | Retirement Pension: IRP | Tax-Saving Account for Everyone: ISA | What are the tax benefits and tax deferral effects? | The three essential tax-saving strategies for even the wealthy: Pension Savings, IRP, and ISA | Where should I start with pension savings, IRP, or ISA? | Are there any tax-saving methods that are advantageous for dual-income couples? | In some cases, a regular account or cash equivalent is better than an ISA account.

PART2.
Practical: How to Allocate Assets with ETFs

4.
Invest like this: Asset Allocation 8
Asset Allocation and Diversification | Asset Allocation Investment Portfolio Design
5.
The K-All Weather Portfolio: Surviving the Four Seasons of the Economy
Stocks | Alternative Investments | Government Bonds | Cash Equivalents and Portfolio Risk Adjustment | Backtest Performance of the K-All Weather Portfolio | Comparison of All Weather and K-All Weather
6. ISA~ Roll it like this
Account Transfer System | ISA Portfolio | Practice! Follow the Investment
7.
Pension Savings Fund - This is how to manage it
Account Transfer System | Portfolio for Pension Savings Funds | Tax-Saving Benefits of Pension Savings Increase Annual Returns by 1.9% | Pension Withdrawal Scenarios and Taxes | Receive KRW 3.7 Million Per Month by Age 90 with a Monthly Contribution of KRW 300,000 | Which is Better: Comprehensive Income Tax or Separate Taxation for Pension Income? | How to Invest with Small Savings | Super-Simple 3-Stock Asset Allocation | Practice! Follow the Investing Guide
8. IRP~ Roll it like this
Account Transfer System | IRP Portfolio | How Much Will an IRP Save? | Receive 9.66 Million Won Monthly by Age 90 with a Monthly Contribution of 750,000 Won | Super-Simple 3-Stock Asset Allocation | Real-World Investing! Follow the Investing Guide

PART3.
Happiness - Finding My Pension

9.
Kim's Practical Pension Management Tips (ft. Pension Information Collection)
10.
Tax-saving pension withdrawals
Pension Savings Withdrawal Order | IRP Withdrawal Order | Losses if Pension Savings Cancelled Early
11.
Avoiding comprehensive taxation on financial income
Pension payments are to be received in installments over 10 years or more.

Conclusion
Books and sites referenced

The completely revised edition of the best-selling book, "Magic Alchemy Rolling," chosen by 100,000 readers, is back.
Published in 2019, "Magic Pension Rolling" was the first in Korea to provide guidance on investing using pension and tax-saving accounts.
It's been four years since the book came out.
In the meantime, many related systems and laws have changed.
The ISA, which was initially launched for a limited time, has now established itself as a lifelong tax-saving account, the tax deduction limit for personal pensions has been expanded, and the burdensome comprehensive income tax method for pension withdrawals has been improved to allow for separate taxation.
There have been continued requests for a revised edition to reflect these institutional improvements and changes in the tax system, and this book has been republished.


Although many people are investing in their pensions, the majority of the population is still unaware that this system even exists.
The author explains that this is due to a lack of financial literacy.
I hope the government will take a more proactive approach to improving the public's financial literacy, but it doesn't seem easy.
Fortunately, the government, which has seriously considered the premature depletion of the national pension due to low birth rates and an aging population, is working with relevant organizations to raise awareness about retirement pensions.


Professor Young-Joo Nielsen of Sungkyunkwan University, who wrote the recommendation for this revised edition, says:
“I think the revised edition of 『Magic Pension Rolling』 by author Kim Seong-il is a very meaningful book in this respect.
The greatest strength of this book is that the author himself wrote about his own concerns in the book.
The second advantage, and the most important, is that it tells a story about results that anyone can achieve to some degree with just a little bit of effort and persistence.
The third advantage is that it contains advice based on the current situation, despite the inconvenience of having to frequently update the content.”

We live in an age where we don't know how long human life will last.
They say we live in the 100-year era.
Who knows, in five years, ten years from now, life expectancy might be 120 or 150 years?
If I prepare like I do now, will I have no problems in retirement? Will I think about it later? Will someone else take care of it for me? That's a huge mistake.
Until the social system works, we have no choice but to prepare through our own efforts.

Fortunately, there are pension products and tax-saving accounts that can help us grow our assets.
Let's start from now.
The sooner you start, the more pension you receive.
The lives of someone who receives 3 million won per month in pension and someone who receives 1 million won are clearly different.
Kang Hwan-guk, author of "You Can Do It! Algo Investment," which has 260,000 YouTube followers, and "Follow Quantitative Investment Without Thinking," says:
"Do I really need to buy the revised edition? Author Kim Seong-il has reflected the changes in the tax system and significantly revised the recommended portfolio, so even those who have read 'Mayeongul' should buy it again and read it.
This book is the only pension textbook in Korea.
“Your old age depends on this book.”