A Personal Finance Blog for Malaysian: Post Retirement - Maintain or Downgrade Lifestyle?

Friday, July 23, 2010

Post Retirement - Maintain or Downgrade Lifestyle?

Let's assume 80/20 Rule.

80% of the working adult will have insufficient retirement fund.
20% of them, will have sufficient retirement fund.

Click here for the report on the chances that you will run short of money in retirement.

What does it mean insufficient retirement fund?
- High chances you'll exhaust your retirement funds within 10 or 20 years.
- You live longer than you have expected.
- You have to lower down your cost of living/living standard.
- You have to work longer (i.e. continue to work after 65)
- You should have save more when you are young.

Downgrading living standard / lifestyle isn't easy, it can be painful. Try it now if you don't believe.

Earn more, save even more, keep living standard low NOW so you don't have to Downgrade it later.


  1. Just to add on... You may not have to option to continue to work after 60 or 65 simply because...
    1. health
    2. stamina
    3. technology
    4. speed as compared to younger one....

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