Retirement woes for Malaysians

Difficult question: How much money one needs for retirement is perhaps one of the most asked questions among the people.

THE Government has again raised the topic on Employees Provident Fund (EPF) members not having enough money to finance their living during old age.

While the worry of not having enough money to survive during one’s golden years is common, any proposal by EPF to restrict the withdrawal of the contributors’ entire savings upon age 55 will definitely draw flak from the public.