Retirement is a ticking time bomb for Malaysia:-
Many are not saving enough when a big chunk of their salaries go to mortgage & car loans.
Parents tend to prioritize children education over their own retirement.
Contrary to what many think, not all medical conditions / stages / treatment are covered by medical insurance. Some took on debt / sell properties to cure their loved ones.
Earlier withdrawal from EPF account 2 (for education, medical & property purchase) significantly reduces the only retirement fund many Malaysians have.
It’s difficult to find meaningful jobs with decent pay to support yourself after retiring.
Majority (esp. housewives) still assume that their children will take care of them in old age, while adult children are already struggling to make ends meet themselves.
Plan it now before it's too late.
In Excel Business Advisory, we think long term. We encourage all of our clients to start planning towards their retirement as early as possible to ensure they can retire stress-free with sufficient savings. Our team can help you determine how much savings you need for retirement, how much money you need to save each year and where you should invest that money. We will also carefully consider the most tax effective strategies and income stream solutions, while providing the flexibility you require leading up to retirement.
Whether you plan to retire in Malaysia or abroad, planning your retirement with us will provide you with peace of mind as you head towards your financial independence.