Seaman Retirement.

As a professional merchant marine officer or seaman you must prepare your retirement at a younger age. Because most of the ocean going seaman comes from third world countries where their governments are looking for their hard earned foreign currencies but they don't provide a monthly pension or retirement plan for the seaman and the officers in their older age.

It is time for you to act early and save substantial amount money for your future as most of the seaman are looking for shore leave to spend money and enjoying themselves. We agree that enjoying the life is part of the seaman life and you must see how many elderly seamen are still looking for jobs while most of the companies don't offer them to recruit them. The seaman life is offered for limited ages as the ship owners don't like to have older personals as there is a risk of facing the medical insurance coverage. And as a seaman you too will have to pass many medical tests to be fit for the ship jobs. Matured seaman must pass more medical examinations than a younger seaman when passing medical examinations.

There are many ways to save for your future life plan for older ages. You can deposit a part of your salary in good banks where they will pay you a good return as monthly interest for your savings. This can be done in saving account or in fixed deposits. You can join some private companies who offer you a pension plan for older age.

Another important thing, if you want to build your own house, be there and make it yourself. If you stay onboard and send money to someone to build the house will cost you a lot of money and sometime it will never finish. There are many seamen who had lost their money for building their own house by someone else.

Also you can learn some jobs while you are onboard to do them in the older age. Many seaman started small business ventures together with the other seaman. Some are operating their own tour operation in their cities. You can learn other professional jobs to do in your home country. You can lean the jobs which can be done from your home.
Anyway don't forget to save some money for your future. If you can't remit the money monthly to the bank then at the end of your contract go directly to the bank and deposit it yourself.