Tips to Save for Your Retirement

#  Set aside 20% of your salary for retirement

#  Split the 20% into three basic instruments

    10% --->  towards takaful (for muslims) or premium for insurance

     5%  --->  into savings (or Tabung Haji for Muslims)

     5%  --->  into a unit trust fund

#  Keep track of savings and prioritise your financial needs

#  Think of ways to make money grow through investment plans and insurance/takaful policies

#  Couples should be transparent about savings

#  Retirees must plan carefully and shouldn't splash hard-earned EPF savings on costly 

    holiday packages, expensive dine out or new cars

#  Work part-time or operate a small business from home or turn your hobby into a

    source of income

#  Buy annuities from insurance companies, which will provide a fixed monthly

    income for the rest of your life

Source :  STAR/KWSP