Retirement Planning

An action of withdrawal from one's position of occupation or active working life

• Career

• Living trust

• Retirement

• Trustee

As a young person, saving for your retirement is an example of a ___________ goal.

• Long-term

• Value-added

• Medium-term

• Short-term

One of the importance of retirement planning is to live a comfortable standard of living during retirement.

• TRUE

• FALSE

Which statements are NOT the tips to manage retirement plan

• Select to target date

• Develop spending plan for retirement plan

• Talk with your banker or advisor

• Estimate money you need to accumulate

Which account can be withdrawn once the members reached 60 years old

• Akaun 55

• Akaun Fleksibel

• Akaun Persaraan

• Akaun Emas

What is the aim for retirement planning?

• To acquire financial planning knowledge

• To determine the level of income needed during retirement

• To provide social security during working life

• To ensure our assets are transferred to our loved ones

At the age of 50, you can make partial withdrawal from your Akaun Sejahtera under these conditions EXCEPT 

• Education

• Perform Haji

• Leaving the country

• Medical expenses

Self contribution serves as an option to those who want to voluntarily grow their retirement savings with EPF.

• TRUE

• FALSE

What is the name of account 3 for the new structure in EPF?

• Akaun Sejahtera

• Akaun Persaraan

• Akaun Emas

• Akaun Flexible

Retirement planning is not important because relying on a social security or a pension is enough.

• TRUE

• FALSE