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Simple Food For Thought

Simple Food For Thought. By: Ida Azerin Razali Agency Manager 012-3215190. Most Malaysians do not have financial security. Sunday May 27, 2007

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Simple Food For Thought

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  1. Simple Food For Thought By: Ida Azerin Razali Agency Manager 012-3215190

  2. Most Malaysians do not have financial security • Sunday May 27, 2007 • ONLY 5% of Malaysians are prepared for retirement. Despite a growing awareness for the need to prepare for one’s retirement, many do not translate their plans into action. • Those in their 20s think they are too young to think about retirement, while those in their 30s and 40s tend to believe they are doing enough because they have their EPF savings. By the time they are 55, it is just too late. • The sad truth is that at 55, most people cannot retire with financial security. • Based on EPF’s 2005 annual report, about 90% of EPF contributors have less than RM100,000 in their accounts – not enough to see them through 20 years past retirement.

  3. MONDAY, 12 MARCH 2007

  4. CAN YOU RETIRE? • TRENDS: • People are living longer • Marrying and having child later • 70% of retirees use up all their EPF money within 3 years after Retiring! LIVING COSTS & INFLATION: • Inflation rate is 6% in urban area • 3 meals a day @ RM20 now may Cost RM64 in 20 years • RM500,000 in your EPF or bank acc @ retirement may have the purchasing Power of RM145,053 in 20 years • Medical inflation is 15% each year! CASE STUDY: If a family in KL with 2 kids and 2 cars needs RM5,000 today, at retirement, Expenses should go down to RM3,500 Or 70% of one’s current lifestyle. One would need RM747,000 if one were To live for 25 yrs, but the average Contributor has only RM106,000 in his EPF acc when he retires

  5. Mr Client, do you want to retire RICH or POOR? • When would u like to retire? • How much income do u think u need a month to maintain your standard of living? • Mr Client, can your present savings or investment assure you a comfortable retirement? • Is your savings or investment ahead of inflation? • If I can show a retirement plan that can make you RETIRE Rich, would you be interested? • If I can work out a financial plan that can help you take care of these financial needs would u be keen?

  6. Last November, EPF implemented a scheme that enables a contributor to withdraw 20% of the amount in Acc 1, provided the amount is over RM50,000. Contributors cannot withdraw this amont themselves. But they can direct EPF to invest this amount in approved Unit Trust Funds

  7. EPF Dividends 6.01% 2008 4.5%

  8. CAN YOU RETIRE? • TRENDS: • People are living longer • Marrying and having child later • 70% of retirees use up all their EPF money within 3 years after Retiring! LIVING COSTS & INFLATION: • Inflation rate is 6% in urban area • 3 meals a day @ RM20 now may Cost RM64 in 20 years • RM500,000 in your EPF or bank acc @ retirement may have the purchasing Power of RM145,053 in 20 years • Medical inflation is 15% each year! CASE STUDY: If a family in KL with 2 kids and 2 cars needs RM5,000 today, at retirement, Expenses should go down to RM3,500 Or 70% of one’s current lifestyle. One would need RM747,000 if one were To live for 25 yrs, but the average Contributor has only RM106,000 in his EPF acc when he retires

  9. 70% of members who withdrew their contributions on reaching 55, spent all their EPF savings within 3 years!

  10. Launch date: 29 March 1981!!!

  11. 697.34% / 28 years = 24.9% p.a!!!

  12. So Mr. Client, If I may ask you again… would you like to maximize your EPF returns to be able to retire peacefully & wealthier? • Do you want to maintain & enhance your standard of living even after you have stopped working? • When you are 64, would you like to be in happy retirement? • Which is more secure. Retiring with only EPF saving or EPF saving + Financial Independence? • When you are 64, would you want to say “I’m glad I’ve invested or I wish I had”… • It is all possible if you allow me to manage your retirement fund… May I have your IC please. TQ • I wish you all a happy retirement days ahead. Plant your seed today so that you can have a bountiful tomorrow..!

  13. So, what is your plan NEXT??? “The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it” - Michaelangelo

  14. Li Ka-Shing Investment Philosophy • “During Good Times,never be too optimistic & during bad times, never be so pessimistic. In recession, we’ll invest a lot. Our standard assessment is for long term, the investment must have potential to make money. We don’t look at whether the asset is cheap or there are people invested in it. From past until now, we ONLY do LONG TERM investment

  15. Thank You

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