Retirement... sounds like a wonderful destination for us, the wage earner. When he heard of retirement, we imagine of happy and joyful seniors enjoying their life after many years of hard labor. These seniors will have plenty of time to do 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 prepared 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), a voluntary long-term investment scheme designed to assist individuals to accumulate savings for retirement. You can read the full article here.
PRS is something new. So, I don't really have much information. I do really hope that PRS offer some help for us to prepare for our retirement. Share with me what you think.