Retirement Planning in Malaysia

Can you support yourself for 20 years on RM240,000? Dividing that amount by 20 years will only leave you with only RM1,000 a month. Will that be enough to provide you with a comfortable life when you retire?

According to the 2019 EPF Belanjawanku expenditure guide, a single person who uses public transport needs about RM1,870 a month to afford a reasonable standard of living in Klang Valley. Multiplying that amount with 20 years, you will need RM448,800 at age 55.

The above tells us how important it is for us Malaysians to have our Retirement Planning as soon as possible for the retirement life we dream of.

I can help you make sure that your retirement is everything you want it to be: safe, secure, and full of opportunities.

Hi, my name is Wong Sai Yee and I am a certified financial planner. 

I’ve helped many people just like you plan their retirement in Malaysia—let me help you with yours!

I will work together with you to help you plan a peaceful retirement for your future:

• Explore and define your retirement goals
• Identify and review your existing resources
• Simulate and project your retirement fund
• Discover if any gap at retirement age
• Assess your risk tolerance on investment
• Recommend investment options best suit your objective and risk profile
• A detailed retirement planning report will be provided

When you work with me, we’ll be able to get clear on what your goals are and how to make them happen.

Throughout my journey as a financial planner, I have learned that many people do not know what they need to do to prepare for their golden years. It is important to know that there are many resources available to help you plan for a peaceful retirement.

Whether it’s short term or long term, I can help! Sessions are either in person or via video calls. During sessions, we work together to address your concerns and how the issues can be solved, keeping your best interest in mind.

What will you get:

• Online session
• Physical 1:1 meet-up session only available for Klang Valley
• Duration: 1 hour
• Pre and post retirement planning
• Management of retirement fund
• First time consultation is Free

FAQs

Who is this plan for? Any individuals or couples who have just started earning income, young or mid-career, retiring and even retired, and desire to have a comfortable retirement life in Malaysia.

What is Retirement Planning? A financial strategy of accumulating (e.g. saving, investments, etc.) and ultimately distributing money meant to sustain oneself during retirement in Malaysia or anywhere in the world.

Why is it important to plan now? Retirement planning is important for Malaysians because it can help us prevent poor financial savings and have better management of funds for retirement. The retirement plan can help us calculate the rate of return we need on our savings or investments, how much risk we should take, and how much income we can safely withdraw from our portfolio during our retirement.

As of Feb/2022, about 50% of EPF members aged under 55 had savings of less than RM10,000! source: Astro Awani

Book a free discussion session below to meet and discover how I can help to address your concerns and goals towards your comfortable retirement.