How do the returns of your Afore work?

Imagine that you invest in a piggy bank that returns more money than you deposit. That is precisely what the returns of your Afore do! Are the earnings you get on your retirement savings thanks to the investments made by the Afore on your behalf.

Where can I check the returns of my Afore?

Know your Afore returns It is essential to stay on top of the growth of your retirement savings. Fortunately, there are several ways to do it, so you can choose the one that best suits you:

Account status

You Afore will periodically send you a detailed account statement, where you can find clearly and precisely the returns that your investment has generated. This document is a great tool to track the growth of your savings.

web portal app of you Afore

Most Afores offer online platforms, either through its web portal or a mobile application, where you can check your performance at any time and from anywhere. These platforms are usually very friendly and allow you to access updated information quickly and easily.

CONSAR

The National Commission of the Retirement Savings System (CONSAR) puts at your disposal the “Tu Afore” portal, which is a free service. It is a valuable tool that allows you not only consult the returns of your current Afore, but also compare them with those of other Afores. This gives you the ability to evaluate your current Afore and make informed decisions if you consider a change.

CONDUSEF

The National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) is an institution whose responsibility lies in the protection of the rights of workers with regard to their Afores and the returns they generate.

It has various functions: supervise the Afores, address complaints and claims, guide workers and promote financial education. Under these tasks, workers understand much better how Afores work and therefore, they will be able to make more accurate decisions regarding their savings and retirement funds.

InverCap is one of the Afores with the greatest experience and track record in the market, and manage your savings with responsibility and transparency, offering excellent returns for your Afore. You will be able to check your returns and discover how it can help you achieve your retirement goals.

How do the returns of your Afore work?

They are like the fruits that you reap throughout your working life thanks to the investment that your Afore makes with your retirement savings. Below we explain the factors that influence the growth of your fruits:

1. SIEFORE

The SIEFORE (Investment Company Specialized in Retirement Funds) is like the type of land where your savings are planted. Each SIEFORE has different characteristics.

• Fixed income SIEFORES: They are like conservative lands, where your investment has less risk of losing value, but also its growth is usually slower.
• Variable income SIEFORES: They are like more fertile lands, where your investment has greater growth potential, but also implies a greater risk that its value will decrease in the short term.

The Afore assigns each worker a SIEFORE according to their age and time until retirement. However, you can choose to invest in a different SIEFORE if you wish.

2. Time

Your investment in the Afore also requires time to generate significant returns.

• Short term: You may see small variations in the value of your savings, but in the long term, the effect of compounding returns will allow you to achieve significant growth.
• Retirement: You will achieve the goal of having considerable savings to enjoy a peaceful and secure retirement.

Relationship between SIEFORE and performance

The SIEFORE plays a fundamental role in determining your performance. Each SIEFORE invests in different assets, such as stocks, bonds and government securities. The performance of each SIEFORE depends on the performance of these assets in the market.

The important thing is that you decide Take control of your Afore and protect your returns.

(I.S.)

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