BFM 89.9
The Business Station
Do We Have Enough Money To Retire?
59 mins
·
18:00, 26 Sept 2022
·
Recommended
20 mins
1 hr 24 mins
1 hr 24 mins
Guest: Professor Dr Hafezali Iqbal Hussain, Head of Research at the Faculty of Business and Law, Taylor’s University and Member of the Centre for Industrial Revolution and Innovation (CIR4I), Idham Idris, Director and Licensed Financial Planner, Wealth Vantage Advisory
Human Resources Minister Datuk Seri M Saravanan has said that the government is studying whether to transform Socso into a pension scheme. And secondly - EPF pointed out that to retire in KL in 20 to 30 years, we may need to have about 1 million ringgit saved up. So first, we’re talking about the SOCSO pension plan and how it could work. And then, how can we save enough for retirement, considering stagnating wages and high cost of living?
Image source: Faiz Zaki, Shutterstock
Presenter: Lee Chwi Lynn
Producer: Alia Zefri, Kelly Anissa
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