Don't steal from our future selves
16 days ago
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.
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