In this net worth series, I have shared the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read), 30s (click here to read), 40s (click here to read) and 50s (click here to read) in the previous posts. In …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read), 30s (click here to read), and 40s (click here to read) in the previous posts. In this post, we will talk …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s (click here to read) and 30s (click here to read) in the previous posts. In this post, we will talk about the desired net worth …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We have discussed net worth for the 20s in the previous post (click here to read). In this post, we will talk about the desired net worth of a person in the 30s. …
In this net worth series, I will share the net worth that a person in an age bracket (by decade) should have. We will start with a person in the 20s. Data source Before we begin, let me explain the sources of my data. As I could not find the exact data for Malaysians’ net …
In today’s fast-paced world, the concept of financial freedom holds more significance than ever before. Most people aims to attain financial freedom. In this article, let’s explore this concept and what we can do to achieve financial freedom. What is financial freedom? Financial freedom is not just about accumulating wealth. It is also not about …
In estate planning, trusts serve as invaluable tools for individuals to manage and distribute their assets effectively. Two common types of trusts used in Malaysia are revocable and irrevocable living trusts. Understanding the differences between these two structures is crucial for anyone considering estate planning. What is a living trust? Before diving into the specifics …
In this article, the nomination I mean is the naming of beneficiary(ies) for three assets, namely your Employees Provident Fund (EPF), life insurance and personal accident insurance, and Private Retirement Scheme (PRS). This is part of your estate planning. The beneficiary(ies) of these assets are known as nominees. Why should you make the nomination? As …
Whether an individual passes away with or without a will can have significant implications for their heirs and beneficiaries. The main difference between testacy and intestacy is whether there is a valid will left by the deceased. Testacy: Grant of Probate Testacy refers to the situation where a person dies leaving a valid will that …
Most government servants in Malaysia are eligible to enrol into pension scheme administered by Retirement Fund (Incorporated) or better known as Kumpulan Wang Persaraan (Diperbadankan) (KWAP). What will the pensioner receive and will it be enough for retirement? What are included in government pension scheme? 1. Gratuity (Ganjaran Perkhidmatan) This is a one-off payment when …
