Only 3% Of Malaysians Can Afford To Retire
Chai Sen Tyng, Senior Research Officer, Malaysian Research Institute on Ageing, Universiti Putra Malaysia | Geoffrey Williams, Economist, Malaysia University of Science and Technology | Annie Hor, Licensed Financial Advisor, Harveston Financial Advisory
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EPF chief strategy officer Nurhisham Hussein recently stated that only 3% of Malaysians can afford to retire on their EPF savings. We unpack this by first looking at what this means for seniors with no savings. Then, we discuss how EPF can improve, and what other systems we could incorporate. Finally, we look at the importance of planning for your retirement.
Image Source: Towfiqu barbhuiya, Unsplash
Produced by: Tasha Fusil, Adeline Choong, Raihanna Azwar
Presented by: Sharmilla Ganesan, Lee Chwi Lynn
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Categories: Personal Finance, Investments, Financial Literacy, Young Finance, Politics, Social Issues, law & legal matters, Health Policy, Diseases & Conditions, Mental Health, Healthy Living, Fitness, Science
Tags: Evening Edition, retirement, savings, senior citizens, social protection, EPF, personal finance, financial planning,