In the survey carried out by research house Synovate, 313 working people aged 25 and above and 319 retirees aged below 75 in urban areas Malaysia were interviewed over the telephone. The survey, part of a global study conducted in 26 countries and involving 18,000 respondents, was undertaken for the first time in Malaysia, from July 23 to Aug 27 last year. source: The Star Watch my presentation below: [HTML1]

It is a welcomed move from Employees Provident Fund (EPF) to allow contributors to withdraw part of their funds and channel them to approved investment programmes. As reported at The Star: Under the new scheme, contributors, irrespective of age, will be able to withdraw from Account One what is in excess of a “required amount” of savings as determined by the EPF and invest the money in unit trusts. Currently, contributors can only do so if they have in excess of RM50,000. This is one among a range of changes that the EPF is implementing in stages ...

Mary Beth Franklin, senior editor of Kiplinger's Personal Finance Magazine discusses the latest retirement guide in the video below. Some of the tips mentioned including saving at least 15% of your income, and also undergo a fiscal check up beside the physical one.

Prudential just launched a new website What's Your Number?. I found it very interactive. It is nicely constructed and I am sure you can get some retirement ideas over there. After you select the language Chinese or English, (I wonder why is there no Malay edition?), you will be taken to a page to choose which lifestyle you desired - budget lifestyle, modest lifestyle, comfortable lifestyle and luxurious lifestyle. The difference is the default set of estimated expenses. Budget lifestyle will shows the lowest set of value. Anyway, you can customize the ...

written by KCLau @ KCLau's Money TipsThis article summarizes the important facts of the original article "When Retirement Dreams Seem Elusive" by Chong Pooi Koon Retirement SurveyTan Kar Hor, the chief executive officer of Prudential Assurance Malaysia Bhd told the result of a survey commissioned by Prudential and conducted in April this year by Synovate Malaysia (a market research firm). The survey finding is based on 1,038 respondents age 28 and above Malaysians with monthly household incomes of RM3,000 and higher. Worrying facts:1. Malaysians generally show a lack of interest ...

Welcome to the August 20 26, 2007 edition of personal finance money tips. Sorry for the delay of the carnival because for the past week I've been staying in the hospital. My son is delivered premature and we all stay in the hospital until he is discharged on 24th Aug. I hope these links and articles will keep you busy during this weekend.My Best Tips in August:1. How a fresh graduate plan to retire in 8 years2. What is capital guaranteed fund? Should you invest in a capital protected ...

I am so glad to receive an email from a young reader, Sam ( not his real name): Hello,I am glad to find a financial blog by Malaysian. I would love to ask advice from you regarding my financial planning. :-) I am now 25 year old student but I plan to start investing next year after I graduate. I plan to use mutual fund as my financial vehicle. I plan to invest at least RM1,000 per month in fund and I plan to retire within 5 to 15 ...

Welcome to the July 23, 2007 edition of personal finance money tips. This is the 1st edition and I am surprised that it received such a great warming respond. There is a total of 29 articles that participated to give this blog readers tremendously helpful money tips. Wealth Distribution Super Saver presents Trusts, Wills and Other Estate Matters posted at My Wealth Builder. Wealth Accumulation Warren Wong presents The Life Pursuit Of Money saying, "Why should making money be a life pursuit? Because making ...

$10 can be turned into $1 million. If you are immortal, being a millionaire is too simple. But human life is short. What we want to know is the speed of wealth creation. I will elaborate some methods to turn that $10 into a million dollars, and the time it takes. Start with the fastest way: Change the US$10 into Turkish Lira currency - you will get TRL 14 millions, instantly you become a multi-millionaire. Buy lottery - High risk, high return. You only need to wait a few weeks for the ...

The Star newspaper reported some discouraging facts about retirement in Malaysia: A daughter graduated from university this year is getting paid RM1800 monthly salary, which is the same as what her father got 25 years ago. Wages have not moved in tandem with the rise of the cost of living and inflation. That trend is expected to continue. “Less than 5% are prepared for retirement,” estimates Life Insurance Association of Malaysia (LIAM) president Ng Lian Lau. People are living longer, but get married much later. This means their children are still young when they ...