Sexto retiro: ¿Quiénes podrían sacar dinero de sus ahoors de AFP?

Are you facing financial difficulties and wondering if you can withdraw money from your AFP account? The answer might be yes, as the Peruvian government is considering a sixth retirement option, also known as “Sexto Retiro,” which would allow people to withdraw from their AFP accounts to ease the effects of the COVID-19 pandemic. However, not everyone will be able to take advantage of this opportunity. Here are some of the main points:

• The proposal is still being debated in the Congress, so it’s not a done deal yet. Some lawmakers are in favor of it, while others argue that it could jeopardize the stability of the pension system in the long run.
• If approved, the Sexto Retiro would be open to those who have not withdrawn from their accounts in the past and have balances of up to S/ 17,600 (approximately $4,700). This amount could be increased depending on the final decision.
• The amount that people could withdraw would be up to S/ 4,400 (approximately $1,200) or 25% of their balance, whichever is lower. The money would be tax-free and not subject to any commissions.
• The idea behind the Sexto Retiro is to provide emergency relief to people who have lost their jobs or income due to the pandemic, as well as to stimulate the economy. However, some experts warn that it could encourage people to rely too much on their AFP accounts and not save enough for their retirement.
• It’s important to note that withdrawing money from an AFP account could have consequences for future pensions, as it reduces the amount of money that is invested and earns interest over time. Therefore, it’s advisable to consider all options and consult a financial advisor before making a decision.

The Sexto Retiro proposal has sparked a contentious debate among politicians, economists, and citizens, as it raises important questions about the role and sustainability of the pension system, as well as the responsibility of individuals and the state to cope with unexpected crises. While there’s no easy answer, it’s crucial to inform ourselves and make informed decisions that balance short-term needs and long-term goals.