A Personal Finance Blog for Malaysian: Plan for retirement early, Malaysians told

Saturday, October 22, 2011

Plan for retirement early, Malaysians told


  • the life expectancy has improved and many Malaysians could expect to enjoy extended life spans of 15 to 20 years after retirement at age 60.
  • Young kids now having fewer children and at the same time the parents live longer, so it is a bigger burden for them (the children). That is why they need to save early on their own





From: http://www.thesundaily.my/news/182653

5 comments:

  1. This could be a pitch from private financial firms offering retirement deals for Malaysians. If it's good for them, though, then they can retire early.

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  2. Sure it is a pitch. Under Budget 2012, proposed Private Retirement Scheme (PRS) now pending Securities Commission approval, I believe by early next year it will be announced. Financial institution are going to have more way to make money.

    Smarter investor don't put money with them but most people have limited resource, so, these PRS may be more suitable for them than invest into share market by themselves.

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  3. It depends on how you cope up with the finances. There are different methods.

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  4. I guess 99% of the general public don't plan to "die young", so, retirement planning is not an option for 99%.

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  5. Hi tehre, just to share what I wrote about PRS from my blog at Invest-made-easy.blogspot.com

    The choice of investing early is yours to make. While you have youth at hand, it's wise to build up your retirement basket via other alternatives instead of depending on EFP.

    Private Retirement Scheme (PRS), What's In Store For Investors? - Part 1

    http://invest-made-easy.blogspot.com/2013/01/private-retirement-scheme-prs-whats-in.html

    ReplyDelete