Retirement planning is a very personal decision. There is no one size fits all plan for everyone, but there are some things to keep in mind when choosing your retirement plan. If you are in late 40s to or have reached age 50, and start thinking about retirement, below are 9 Money Tips To Catch […]
IN THIS POST I was asked this question by my blog readers, clients and friends: “Can they invest all or half of their EPF cash (at age 55) into buying a single property for rental income purposes?” My recommendation is NO. Taking more than 50% of your EPF cash will reduce your financial capacity and cash […]
One of the biggest retirement mistakes you can make is not realizing what you don’t know. The reality is that most people don’t get good and objective financial advice before they retire. There are many ways retirement can go wrong. Here are the Top 10 retirement mistakes and how to avoid them. Retirement […]
When I was working in corporate, I never thought of retirement. I was so busy with routines; office works and things I need to do when back home. However, I witnessed one of my relative’s struggles. Before he worked in a giant oil & gas company. He earned a good income. He and his family […]
If you want to start savings for long-term, which one should be the priority? Your retirement or your kid’s college? My answer: Your RETIREMENT. Why? #1. Duration Kid’s college: Typically about 4-5 years. Retirement: It may last 25 -30 years. # 2. Survival Kid’s college: Luxury. There are options to select either an expensive or a […]
27 Practical Ideas for what to do in Retirement Retiring is a huge life event. If you dont manage it well, Statistic shows that 40% of retirees got into depression. Here are 27 practical ideas what to do in retirement; 1. Make a list or bucket list – Write down a list of things you’ve […]
Top 5 Worries In Retirement 1. Loss of Identity A lot of people especially men feels that their identity is associated with their work, what they do for living. So when they don’t work, they don’t know how to answer when people ask ‘what do you do’ 2. Fear Become PoorThe biggest fear about retirement […]
If you are planning to retire in the next a few years, below I share a quick retirement checklist. Hope this checklist will be useful. At work 1. Negotiate mutual scheme (MSS) or severance pay. If you plan to retire early, it’s no harm to ask the company for a mutual scheme package. 2. Remove […]
Is EPF money alone enough for retirement? Let’s do a quick calculation: You contribute about 11% from your monthly salary.Your employer adds another 12% – 15% to your epf savings. In total, average about 25% of your monthly income. When you retire, if you only have EPF savings, and you don’t downgrade your lifestyle to […]
Retiring In The Next Few Years, 5 Things You Must Know Normally people plan to retire at the age of 55 to 60. Hence, upon retirement, people have up to 30 years to live till the age of 85 (not forgetting that Tun Mahathir became Prime Minister again at the age of 93.. hence that’s […]