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Planning for Old Age

Posted by CJCM on December 5th, 2006 | EMail This Post

For a change, lets not talk about IT or internet in this post. As human being, other non-IT aspects of my life do occupy a considerable portion of my mind and kept me thinking about it every now and then. Have you ever thought of growing old? Do you ever ponder what is your future as old parents? Would you have someone to take care of you when you are not capable of taking care of yourself? Would you be sufficiently independent? Or would you require help to provide long term care for you and your spouse? Sometimes, the more I think about it, the more scary I become thinking of the uncertainties of my future, especially in terms of financial ability to meet the obligations as senior citizens. The only saving most Malaysian have for rainy days are the saving made compulsory by the Malaysian Government through Employee Provident Fund (EPF). But I am sure this may be just enough for the first few years of the retirement. Have you planned for the future? Care to share with us how you have arranged for your financial indepedence at old age?

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