Have more retirement plans

THE statistics from the Employees Provident Fund (EPF) are alarming. A total of 68% of all its members aged 54 in December 2014 have less than RM50,000 in their EPF accounts.

The same statistics also revealed that another 12% have only between RM50,001 and RM100,000. That tallies up to a staggering 80% of members having not more than RM100,000 as their main retirement fund.