Planning for your retirement

The financial planner will analyze the client’s current retirement savings and calculate the shortfall, if any, to meet desired post-retirement income. They will suggest additional investment options, such as PRS, unit trust or dividend-yielding instruments, tailored to the client’s risk tolerance. The planner will also factor in inflation and healthcare costs to ensure a realistic retirement plan. Regular updates will be provided to track progress.

You didn’t come this far to stop

A 50-year-old schoolteacher in Selangor earning RM6,500 per month has accumulated RM300,000 in EPF savings but realizes this may not last 20 years post-retirement. With increasing living costs, they aim to save an additional RM500,000 by age 60 to maintain a comfortable lifestyle.

• Have you identified gaps in your retirement savings plan?

• Are your contributions aligned with your target retirement corpus?

• Do you regularly evaluate whether your investments are meeting your future needs?

A 32-year-old marketing executive earning RM4,200/month has saved RM45,000 so far. But her retirement projection shows she will need RM1.2 million by age 60. At her current pace, she is only on track to reach RM600,000, leaving a RM600,000 shortfall.

• Are you sure your current savings rate will meet your retirement target?

• Do you have more than one savings pillar (EPF + personal investment)?

• Do you review your finances regularly to avoid a retirement shortfall?

How a Financial Planner Can Help

The financial planner will analyze the client’s current retirement savings and calculate the shortfall, if any, to meet desired post-retirement income. They will suggest additional investment options, such as PRS, sukuk, or dividend-yielding instruments, tailored to the client’s risk tolerance. The planner will also factor in inflation and healthcare costs to ensure a realistic retirement plan. Regular updates will be provided to track progress.

Let's continue...