The frequent news that EPF savings are insufficient for most people emphasises the greater need for additional savings
DURING our forefathers’ time in a filial society, on top of working hard by being employed or running a business, a large part of retirement planning meant having a large family, as having more children meant having the support to look after them when they grow old.
Why? They had no retirement plans, such as the Employees Provident Fund (EPF) or Private Retirement Savings.
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