In this article, I am going to share my plan to achieve financial freedom. The FF in the title stands for financial freedom. This can also be considered as my retirement plan as my purpose is to stop working once the target is achieved. How Much? The first question that I had to answer is …
Employees’ Provident Fund (EPF) has introduced its Retirement Income Adequacy (RIA) Framework on 12 December 2024. The RIA is set to launch in January 2026 but some details are already released. RIA Framework The RIA framework allows members to set savings targets that reflect different retirement lifestyles and aspirations. This approach emphasises the importance of …
Have you heard about FIRE? It stands for Financial Independence, Retire Early. The concept of FIRE revolves around saving and investing aggressively to accumulate enough wealth to retire much earlier than the traditional retirement age. What Is Financial Independence? Financial independence means having enough wealth to support your lifestyle without needing to work for an …
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 …
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 …
Private retirement scheme (PRS) has been around since 2012. Currently, there are nine providers, namely AHAM Capital, AIA, AmInvest, Hong Leong Asset Management Bhd, Kenanga Investors, Manulife Investment Management, Principal Asset Management, Public Mutual, and RHB Am. To know more about PRS, you may click here. Benefit The main benefit of PRS is its tax …