The Employees Provident Fund (EPF) has suggested that the minimum savings you should accumulate in your account by age 55 is RM228,000. However, according to their numbers, only 18% of contributors managed to accumulate that amount or more.
FOR those of you who follow my column regularly, you may find this headline rather contradictory to my usual topics. You might be asking yourself “shouldn’t I be planning my finances today to avoid working during my retirement years?”
You are absolutely right.
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