Don't steal from our future selves

Don't steal from our future selves

LETTERS: Imagine yourself at 60 years old.

Most Malaysians have a life expectancy of 75. That's 15 years of your life requiring financial sustenance without a pay cheque.

A bare bones budget of RM1,500 a month requires you to have RM270,000 to support yourself till 75.

This amount balloons if you have the blessing of a longer life or require medical treatment.

As you imagine your future self, where would you get this money? How would you survive if not for this savings that you are building now?

It's important to understand that at the Employees Provident Fund (EPF), your money grows over time on top of the amount you put in.

Read the full story

It's better on the Lumi News app

โœ… Itโ€™s fast

โœ… Itโ€™s easy to use

โœ… Itโ€™s free

Start using Lumi
More articles in this stack
A whale of a deal to save the oceans (and us)
The Malaysian Reserve

The Malaysian Reserve

A whale of a deal to save the oceans (and us)

Regret and blame in Silicon Valley after bank run
New Straits Times

New Straits Times

Regret and blame in Silicon Valley after bank run

No short shorts please, weโ€™re Malaysian
FMT News

FMT News

No short shorts please, weโ€™re Malaysian

news-stack-on-news-image

Why read with Lumi?

Staying informed is hard work. Use the Lumi News app to get the latest news from publishers you like, in a beautiful app. Save time and find delight in news-reading again.

Trending right now

Loading...