Whether it’s for a challenge, a sense of fulfillment, or simply a lack of options, working past retirement slaving away in an office cubicle can be, at a glance, a distasteful option, but it doesn’t have to be that way. Flexibility and less physically strenuous activity would be nice aims to achieve. Here are several ways to prepare your post-retirement work-life.Start Preparing New Job Avenues Before You Retire
It’s very nice to dream about finally getting a long stretch of time to do absolutely nothing and everything you want until it’s time for a reality check, but life doesn’t wait for you. The wheel of employment is in constant [...]
EPF is worried that more than half its account holders barely have enough to comfortably survivenot working past retirement; indeed, RM50,000 is a small figure when you factor in inflation and rising medical costs as you age past your prime.
At the same time, it’s a big figure to accumulate over your effective working lifetime as you juggle loans, household expenditures, and other costs. If you’re a person who loves your independence, how can you be sure that you can maintain your hard-won independence post-retirement without relying on other people or loans to get by?Get Insured
There are many types of insurance, and all of them are beneficial to you in [...]
We all carry debt at some points of our lives. Sometimes, you just aren’t able to pay them off before you pass away. You may die accidentally, die from illness, or die from old age without fully polishing off your debt. You won’t get bogged down by them when you die, of course – but what about your family?Your Net Worth
Legally, your assets will be used to pay off your outstanding debt before any remaining balance gets distributed to your intended recipients, or beneficiaries. Before all that, though, your net worth will have to be determined.
If your total debt is worth more than your total assets, you have a negative net worth and is considered [...]
So maybe you’ve been thinking about retiring in your 30’s, really thinking about it, and you don’t want it to be just another pipe dream. You want to make it come true. Maybe you want to go travelling or enjoy things close to home. Either way is it really viable for anyone to be retiring at that age?Conditions for Retiring at 30
Retiring at the age of 30 is possible. However, depending on what kind of lifestyle you want, retiring at this age can either be easy or difficult for you in the long run. According to self proclaimed financial expert, Mr. Money Moustache, a retired Canadian engineer, all you have to do is save half of your pay cheque every month and [...]