EVERYONE wants to retire comfortably. However, it would be difficult to enjoy your golden years without any worries if you do not have sufficient funds to support yourself during retirement.
While many are complacent with their retirement savings that have been set aside through their mandatory retirement contribution, it may not be enough to sustain you throughout your retirement years. Moreover, you may even find it difficult to earn an income to replenish your savings and cover any shortfalls once you have retired. Therefore, you need to save and invest to generate multiple sources of income during retirement.
The following are some other reasons why you should take steps to bolster your retirement fund today.
1. Long-term sustainability
Malaysians have a rising life expectancy, thanks to medical advancements, and this means that you will need to support yourself for a longer retirement period. At the same time, healthcare costs are escalating, which can lead to increased costs in retirement. As such, you need to take these factors into consideration when planning for your retirement.
2. Be self-reliant
As family sizes may have become smaller nowadays, it will take a lot more for children to support their parents during their retirement. You do not have to be a financial burden on your loved ones, especially as your children may have their own family to support, when you are able to generate your own income through your savings and investments.
3. Manage the impact of inflation
Inflation will erode your retirement fund as the value of your money today will not be the same in the future. By having a diversified savings and investment portfolio, you may hedge against the effects of inflation to protect your retirement fund.
To supplement your retirement savings for your future self, you may consider contributing into private retirement scheme (PRS) funds. Apart from building an additional income stream, you can also enjoy up to RM3,000 tax relief per year until 2025 and have peace of mind as your money in PRS will be protected from creditors.
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同時也有1部Youtube影片,追蹤數超過6,920的網紅thenatstory,也在其Youtube影片中提到,FINALLY!!!! Happy New Year everybody - so glad I got this done. No more back tracking for vlogs for now. This is a wrap up of the vlogs in 2016, whi...
long-term planning 在 Facebook 的最讚貼文
Retirement - sounds liked a very far away milestone for us now. Especially with our 3rd child now, these planning is crucial for them and for us.
After trying out @aiasingapore retirement calculator which showed me that I’m quite late in planning for WHATS coming up. It’s easy to use and list out the important details that I may have missed out as a parent of 3.
All I need to input is my rough estimate of cash deposit, investments and monthly savings plus estimate compound interest, the calculator could easily churn out how much more I need for retirement.
Must admit that this kind of long term planning, definitely not far off for anyone of us right now. So better to start now than never 👍🏻
So, Give the calculator a try, and see how much more work you need to make your retirement a comfortable one. Click on my bio link to get your numbers now.
#aiasg #futureproof #partipost #sp #aiaretirement #familystaysg #sgmoms #sgfamily
long-term planning 在 傅麗玲 Cindy Po Facebook 的最佳解答
感恩所有报馆的报道 🙏
谢谢 💓 丽玲姐姐爱你们 🥳
抗疫时期应有✅的理财💰知识
谢谢南洋商报 💓 南洋商报 Nanyang Siang Pau
https://www.enanyang.my/北马/槟财务规划委员会-711联办中文理财论坛
谢谢中国报 💓 China Press (中國報)
http://penang.chinapress.com.my/20210630/%E7%96%AB%E6%83%85%E4%B8%8B%E7%9A%84%E7%90%86%E8%B4%A2%E7%9F%A5%E8%AF%86%E8%AE%BA%E5%9D%9B-711%E7%BA%BF%E4%B8%8A%E7%BA%A6%E5%AE%9A%E6%82%A8/
谢谢 光华报 💓 光华日报 Kwong Wah Yit Poh
https://www.kwongwah.com.my/20210630/%E6%8A%97%E7%96%AB%E6%97%B6%E6%9C%9F%E5%BA%94%E6%9C%89%E7%9A%84%E7%90%86%E8%B4%A2%E7%9F%A5%E8%AF%86%E8%AE%BA%E5%9D%9B%E7%BA%A6%E5%AE%9A%E6%82%A8%EF%BC%81/
谢谢光明日报 💓 Guangming Daily-光明日报
https://guangming.com.my/%e6%aa%b3%e8%8f%af%e9%9d%92%e5%9c%98%e7%90%86%e8%b2%a1%e8%ab%96%e5%a3%87-%e8%ab%96%e7%96%ab%e6%9c%9f%e7%90%86%e8%b2%a1%e5%8e%9f%e5%89%87%e7%9f%a5%e8%ad%98
谢谢 💓
https://cforum.cari.com.my/forum.php?mod=viewthread&tid=4284590&extra=
谢谢 💓
https://hotlah.cari.com.my/portal.php?mod=view&aid=154665
谢谢 星州日报 💓
https://www.sinchew.com.my/content/content_2511737.html
谢谢 💓 南洋商报 - 北马区
https://www.enanyang.my/北马/不仅储蓄-投资也是理财
谢谢 💓 The Star The Star
https://www.thestar.com.my/metro/metro-news/2021/07/15/pandemic-driven-financial-habits
Facing financial problems during the fighting periods against the pandemic
Dr Tan Chuan Hong: Welcome to free registration for attending 711 Mandarin Personal Financial Planning Forum.
The Chairman of the Malaysian Financial Planning Council Penang Chapter, Dr. Tan Chuan Hong urged the public to register to join the forum which will be held on July 11 (Sunday) at 2:30 pm. The forum “Knowledge, Attitude and Implementation of Personal Financial Planning during the Fighting Period against the Pandemic" is organised by Penang Chinese Town Hall Youth together with live broadcaster "Ling Listening to Your Heart".
He said that during the fighting period of more than a year against the pandemic, many people are facing financial pressures and suffering from mental illnesses such as depression, and there is a gradual increase in them.
Dr Tan Chuan Hong said that beside public hope that the government can give more assistance and revitalization packages to assist them, the council also hopes to provide more correct and positive financial management knowledge through this Personal Financial Planning forum. So that, the public can have a broader and long-term vision to deal with their own financial problems, whether it is to increase income and reduce expenditure, relieve debt pressure, prudent and smart investment or asset allocation and other arrangements as well as have a better understanding and wise decision-making.
"In terms of financial management attitude, we should handle financial crisis more carefully, and at the same time avoid overconfidence and fluke mentality to seek for opportunities of rapid gaining investment.”
Dr Tan Chuan Hong hopes that through this Personal Financial Planning forum, people can have a more rational attitude and strive to reduce emotional consumption when implementing their own money and avoid falling into investment scams with smarter financial management.
In addition, Penang Chinese Town Hall Youth YouTalk Online Bureau Chief said that the online live broadcast sharing session planned by Penang Chinese Town Hall Youth will mainly discuss about public welfare content related to citizens' awareness.
This is the sixth event which was also co-organized by the Penang Chapter of MFPC collaborated with famous artist Cindy Po 傅丽玲 ; and an interview will be carried out among Deputy President of Malaysian Financial Plaining Council Dr Chong Kok Fei who is also a Financial Education Manager of AKPK together with Chairman of MFPC Penang Chapter and Certified MFPC Trainer Dr Tan Chuan Hong.
Those who are interested in participating in this online Personal Financial Planning online forum can register for free (for the public) https://1st.mfpc.org.my/PublicEventRegistration/280, and (for MFPC members) through https://1st.mfpc .org.my and will get 2 CPDs points.
long-term planning 在 thenatstory Youtube 的最佳解答
FINALLY!!!!
Happy New Year everybody - so glad I got this done. No more back tracking for vlogs for now. This is a wrap up of the vlogs in 2016, which includes loads of celebrations, hugs, presents and wrap ups! That also means lots of good food :D
ALSO - I've been planning daily vlogs for a while now, although not for long term. Thought it would be fun to do snippets and short form vlogs for a bit before i go back to weekly ones. Let's see how that goes!
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