Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of living and the instability of social security. You have to invest for your retirement, as opposed to saving for it!
Let’s start by taking a look at the retirement plan offered by EPF. Once upon a time, these plans were quite sound. However, lately the return seems so uninteresting any more. There are so many investment alternative out there that offer much more interesting return better than EPF.
You can invest in stocks, bonds, unit trust funds, fixed deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.
You can also use your EPF Account 1 to invest in unit trust under EPF investment scheme. There are certain requirement imposed by EPF which you could check with EPF or alternatively logon to their website at www.kwsp.gov.my for more details.
Whichever retirement investment you choose, just make sure you choose one! Again, do not depend on social security, company retirement plans, or even an inheritance that may or may not come through! Take care of your financial future by investing in it today.
Let’s start by taking a look at the retirement plan offered by EPF. Once upon a time, these plans were quite sound. However, lately the return seems so uninteresting any more. There are so many investment alternative out there that offer much more interesting return better than EPF.
You can invest in stocks, bonds, unit trust funds, fixed deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.
You can also use your EPF Account 1 to invest in unit trust under EPF investment scheme. There are certain requirement imposed by EPF which you could check with EPF or alternatively logon to their website at www.kwsp.gov.my for more details.
Whichever retirement investment you choose, just make sure you choose one! Again, do not depend on social security, company retirement plans, or even an inheritance that may or may not come through! Take care of your financial future by investing in it today.
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