Malaysians aware but unprepared for retirement

Malaysians aware but unprepared for retirement

Source : Personal Money, July 2011

1. 94% believe that having enough money to live on in retirement is important

2. Only 60% from it feel adequately prepared.

3. About 31% of respondent are very worried about coping financially in retirement

Causes : unforeseen events, depleting their saving, not enough saving and cost of ill health

4. 23% rely on their own savings and investment for retirement.

How about you?

a. Do you think enough money is important to live on in retirement?

b. Are you prepare for it?

c. Do you worry about coping financially in retirement and why?

d. What are you rely on for retirement? saving, KWSP, pensions, investment or your children....