Retirement… sounds like a wonderful destination for us, the wage earner.
When we heard of retirement, we imagine happy and joyful seniors enjoying their life after many years of hard labour.
These seniors will have plenty of time to do the things they love. For example, go Yamcha (tea drinking session) with friends, travelling to new places they wish for, spend time with loved ones and many more.
But, are we prepared for our retirement? Will our EPF savings be enough to fund our retirement years? Will we be able to maintain our current lifestyle when we retire?
These are among the critical questions we need to ask ourselves so that we can better prepare ourselves for retirement.
Today’s articles on The Star Online gave me some additional information about preparing for retirement by investing in Private Retirement Scheme (PRS). PRS is a voluntary long-term investment scheme designed to assist individuals to accumulate savings for retirement.
PRS is something new. So, I don’t really have much information yet. I do really hope that PRS offer some help for us to better prepare for our retirement. Share with me what you think.
