Retirement Plan

Do You know why is it a MUST to set a portion of your income to pre-fund for your retirement?

At retirement age, in every 100 working people, they will find themselves in one of the following situation:

1 - Super Rich

4 - Financially Freedom

5 - Continue Working

12 - Bancruptcy

29 - Passed Away

49 - Depend on Others

Nobody Would Like to Have a Poor and Miserable Retirement
The Choice You Make Today Will Determine Whether You Will Have a Rich and Happy Retirement

YOUR CHOICE AT OLD AGE

RETIREMENT OR CONTINUE TO WORK

Rich or Poor

Independent or Depends on others

Happy or Lonely

Respectable or Unrespectable

You will enjoy your golden years if you possessed CASH, otherwise you will lead a miserable life

WHY SAVE FOR RETIREMENT ?

· No regular income

· Save while you have earning ability

· Sufficient saving for 20 years

· Delaying saving means postponing your retirement

We need to save money during our working years when we have an active income. This is because , when you retire, your income will stop and you will need to depend on your saving from your income earning years.

Have you ever wondered how long your cash fund will last if you are going to depend only on your EPF saving to fund your retirement?

What do you think are the sources to fund your retirement?

Saving ?

  • Can your saving last for more than 15 years of retirement?
  • People save to withdraw! At the end of the day there may be not enough.
  • Can your investment meet your financially goals and hedge inflation effectively?

Your EPF ?

  • With all the allowable withdrawals before retirement, how will that be your retirement age. Furthermore, is the amount enough to last for 20 years of retirement.

Continue working ?

  • What choices of work do you have? Quite limited as a retiree.
  • Would people hire you? At how much wages?
  • How long you will be healthy enough to work? You are limited by your age and health.

Borrow ?

  • Is there any guarantee someone will lend you money
  • How much and how long will you continue borrowing?
  • Without an income stream, how will you pay back?

Depend on children ?

  • Can your child afford the kind of retirement lifestyle you wish for?
  • They have their own commitments and not be in a position to financially support you.

THEREFORE CAN YOU AFFORD NOT TO SAVE FOR YOUR RETIREMENT??