Retirement Planning

We hear a lot about retirement planning these days and the latest issue by EPF whereby everyone broke after retirement.The question is how many people actually plan for their retirement?How much does one need for a life of confort in retirement?

Research has done and there are 5,269,200 people from age 40 age 59, who will need retirement planning services and solutions.And a also financial planners differ on this,coming up with figures ranging between RM1.4 million and RM2.8 million.The amount their need to achieve for a comfortable lifestyle in retirement.

There is a lot of ways actually you can achieve your desire income by investing in the stock market,unit trusts,property,saving money in the bank and buying an endowment insurance policy.

Time is your best friend:for every 10 years you delay saving for retirement,you will have to save three times as much each month to catch up.(source The U.S Labor Department)

Here in Prudential, you can do regular saving by minimum of RM100 and followed by RM100. EPF members investment scheme is also another ways that you are allowed to invest provided in the Account 1 excess of RM55000.

No matter your age or level of income,you can protect yourself from most financial suprises later if you plan now.Planning gives you the power to turn your retirement dreams to reality.