Islamic investment Plan with MAAKL Mutual

Islamic investment  Plan with MAAKL Mutual from SarinaMAAKLMutual

By: SarinaMAAKLMutual  21-12-2010
Keywords: Wealth Management, Financial Planner

Much has been written and documented, both locally and overseas, about individuals underestimating how much money they will need for retirement that you’re probably very familiar with the issue! So, the only relevant question now is: Are you going to be one of those unfortunate people?

A typical Malaysian, aged 40, who spends RM60,000 this year maintaining his lifestyle will need an estimated RM108,000 to fund his first year of retirement when he stops working at 55, if inflation averages 4% a year, between now and then. Even if he only lives until he’s 74, he’ll still need an accumulated total retirement fund of RM1.9 million* by the time he’s 55. That is an astoundingly large sum for most people, but if you take sensible steps to make your money work harder, you can move a long way towards achieving that goal.

Thankfully, the Employees Provident Fund (EPF) has allowed you (through the EPF Members’ Investment Scheme described below) to decide how much harder you would like your EPF savings to work for you through judiciously measured and timed investments in unit trusts. A comfortable, fully funded retirement is at stake, so find out more and make your decision today!

*Source: MAAKL PLANNERS (based on the assumption that his portfolio continues to grow by 5% a year during retirement, while his post retirement inflation runs at 4% a year)

Keywords: Financial Planner, Wealth Management

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