Category Archives: retirement
EPF : Malaysian Employees Get An Extra 1% contribution from Employers
Prime Minister Datuk Seri Najib Tun Razak in his Budget 2012 speech, announced the rate increase is a move to help those with insufficient savings to bear the cost of living upon retirement. The revised employers’ statutory contribution rate of 13% … Continue reading
Posted in EPF, retirement
Tagged 000, 1, below, employees, employer, epf, fund, malaysian, rate, retirement, rm5
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Starting Late Does Not Pay
Here’s a case study for you to ponder. Najib starts saving of RM 5,000 at the age of 28 years old whereas Siti starts at 30. Assuming they both make 7% returns on their savings, at age 58 ( retirement … Continue reading
Posted in retirement
Tagged financiallyhappy.com, malaysia, money, planning, retirement, RM, saving
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You can’t get a loan for retirement
Few days ago, one of our clients came and asked me which one is better?, saving for child’s education or saving for retirement?. Of course I would say both saving plan is also good. In fact any type of saving … Continue reading
EPF – FPAM Retire Happy Seminar 2010
For those who didn’t know, the Employee Provident Fund ( EPF ) in collaboration with the Financial Planning Association of Malaysia (FPAM) had successfully organized an education programmed on 8th June 2010. This seminar received lot of response from the … Continue reading
Posted in retirement
Tagged epf, financial, fpam, fund, happy, malaysia, planning, retire, retirement, seminar
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EPF Withdrawal for Critical Illnesses
I totally disagree with a recent move from EPF to let contributor cash out part of their EPF saving to pay medical bills on critical illnesses. People must understand that EPF was created to help contributor to prepare for their … Continue reading
Posted in retirement
Tagged account, critical, epf, goverment, illness, illnesses, insurance, retiree
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How True Is EPF’s Statistic?
Newspaper or even your own financial consultant have told you many times about the statistic from Employee Provident Fund ( EPF ) that majority of the contributor used up all their saving within 3 years after their retirement. Today, I’m … Continue reading
