Tag: retirement
Why more older Malaysians are still working?
Inadequate retirement income is a major factor that motivates older adults to work part-time. A significant number of retirees in Malaysia do not have enough money in savings to cover their living costs after they stop working.
An economist’s case for working longer
The most common worry is that keeping older workers on the job must crowd out the young.
This is the famous lump-of-labour fallacy: the mistaken belief that an economy contains a
fixed number of jobs, so one extra years from seniors automatically mean fewer openings for
graduates.
Insufficient retirement savings: A growing concern
Many members may not fully understand how these withdrawals can affect their ability to retire comfortably. By raising awareness of the importance of financial planning, the government can encourage better saving habits and help individuals secure their financial futures.
Are Malaysians prepared for retirement?
Your financial requirements will largely depend on lifestyle, healthcare and inflation.
Retirement reimagined: Navigating entrepreneurship in your golden years
Today, retirement is increasingly perceived not as an end but as a beginning—a phase of life during which individuals can leverage their decades of experience, skills honed over a lifetime, and a wealth of knowledge to contribute to society in meaningful ways.
46% EPF contributors have less than RM10,000 in savings
The Employees Provident Fund (EPF) expressed its concern over the retirement security of the people when 46% of its contributors below the age of 55 have less than RM10,000 in their savings.
