A financial literacy expert called bank deposits a popular way to save up for retirement 
40 years. Olga Daineko, an expert at the Center for Financial Literacy of the Research Institute of the Ministry of Finance of the Russian Federation, told Rossiyskaya Gazeta.
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She listed four ways to save up for a decent pension. The first is buying real estate, you need to pay attention to its investment attractiveness. According to Daineko, it is better to purchase a small studio apartment with basic renovation in an area with good transport accessibility than a three-room apartment in a residential area.
Bank deposits are another popular way of saving, although the expert advises not to count on large profits … Before concluding a contract, you should pay attention to the presence of capitalization – such a contribution is more profitable than usual. Daineko also notes that one should not keep more than 1.4 million rubles in one bank (the amount of insurance compensation).
The third option is an individual investment account (IIA). With this method of investment, you can receive a tax deduction of 13 percent of the amount deposited on the IIA for a calendar year. The profitability will primarily depend on what will be on the IIA: government bonds, or shares of growing, but new companies. Collective investments – for example, units of mutual funds – can also be bought on IIA.
The Non-State Pension Fund (NPF) will also help increase savings. When choosing an NPF, it is necessary, according to the expert, to pay attention to a number of things: is the NPF a participant in the system of guaranteeing the rights of insured persons, how many years it has existed, how many insured persons, the ratio and value of the NPF's own funds and the amount of funds under its management is important, and See also the profitability of APFs for previous years.