Tag Archives: retirement

Should you sell off your family home?

I met up with a client about a week ago. Owing to some developments in her family, she had some doubts about re-writing her Will. Originally, she had included two of her children as beneficiaries but now, she wanted to … Continue reading

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Malaysia: Private retirement scheme

The Malaysian Prime Minister, Najib Abdul Razak, has today announced the official set-up of a Private Retirement Scheme in his Budget Speech 2012. There’s also a mention of increasing the employer’s contribution to the Employee Provident Fund for those earning … Continue reading

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Planning for retirement should start early

A Bernama report in today’s newspapers quotes the president of the Malaysian Financial Planning Council (MFPC), Vincent Kwo, as saying that the populace should plan for their retirement at a very young age. “Most young people do not bother to … Continue reading

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RM120,000 good only for basic needs

The average worker in Malaysia would have an estimated RM120,000 in his savings with the Employee Provident Fund by the time he reaches 55. According to the deputy finance minister, Ahmad Husni Hanadzlah, this would give him a monthly return … Continue reading

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EPF warns of new scam

There is a new scam in town, according to the Employees Provident Fund (EPF). Unlike past scams where members submitted forged documents to facilitate the approval of withdrawals for education, house and health, this new one involves real documents. A … Continue reading

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