Whether you are just starting out or getting closer to your golden years, here are 3 retirement tips to ensure that you won’t outlive your retirement savings.
Diversify your investments – EPF recommends a minimum amount of RM228,000 by the time you’re 55, which gives RM950 in monthly expenditures over 20 years. Strive to supplement this with an additional retirement saving plan
Start saving early – Starting to save early puts you at a tremendous advantage. One way to make your money grow even faster is through a wealth management plan as these typically provide higher return rates compared to a normal savings account.
Don’t forget your health – Our health and medical needs change as we mature. The last thing you want is for an unexpected hospital bill to get in the way of your retirement plans. Prepare yourself by investing in health takaful that covers medical fees.
FWD Invest First offers a holistic investment plan that suits your need such as Education, Legacy and Wealth Management Plan. We also offer riders so that you can invest with peace of mind!
Talk to our Financial Wealth Consultant to know more.