Islamic investment Plan with MAAKL Mutual
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)
, Wealth Management