Retirement planning is rarely the top of mind topic for many people (except perhaps for financial planners). We often go on an autopilot/cruise mode through adulthood, taking things on as they come - whether it’s buying a house, raising a child or planning for the next holiday. However, with the rising cost of living and a longer lifespan for Malaysians, coupled with increasing inflation, planning for our golden years (aka retirement) is a more crucial than ever.
For a safe and comfortable retirement, it’s important to ask yourself the ultimate question: How much is enough, and what must I do to get that amount?
Needless to say, each individual’s retirement needs and funds differ based on their current expenses and desired lifestyle. Here are 4 questions that will help you calculate your retirement fund needs.