Tag: retiring comfortably in Malaysia
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Save one-third to have two-third when we retire
In an article in The Star recently, Datuk Steve Ong, the CEO of Private Pension Administrator (PPA) Malaysia said that everyone should set aside another 10 percent of one’s salary on top of the 23 percent that is being deducted automatically from one’s salary into their EPF accounts. By doing this, a retiree should have…
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Retirement Village – What and Why?
In Malaysia, majority of us have never heard of such a term before. ‘Retirement Village?’ Why can’t I just retire in my hometown? Why would I need a retirement village? Furthermore, I have to pay for it and move out from my current home to a place which may not be that near to the…