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thanks green tea banyak bagi info retirement.
ape kata green tea pulak jadi agent unit trust untuk kami yang tak reti ni . hihi
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emmm emmm emmm.. i tanak jadi agent unit trust for now, sbb itu i kena tambah knowledge in Bursa, stock exchange, kena study all the latest trends and new...... hahahahhahaha but i can be a good wealth advisor.. sampai tahap nak valuation tanah for negotiation pun i buleh buat assessment based on net present value of that asset... kohkohkohkoh....
i mmg utilize my skill and knowledge in valuation of company's portfolio... as long as we can understand the bigger picture and technicality of our "assessment"... takde hal mmg buleh develop financial model tu...
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sambung sikit on retirement planning....
I myself baru je tambah lagi satu another medical card (personal) sblm ni I ada company medical card sahaja….. amek terus pakej medical card, hibah, life, critical illness and savings untuk 80 yrs old terus… sbb nak tak nak, I tetap kena ada medical card sbb company cover until 55/60 aje….
kalo nak amek insuran plan or any medical card kan... better amek skang.. selagi kita tak kena covid or critical illness (mcm jantung, cancer, diabetic etc)
skang insurance company makin strict
sapa pernah kena covid pun dimasukkan dalam list orang yang takleh covered by insurance , sbb dikira organ dah damaged (paru2) so covid survivor is high risk client....
sblm ni mcm cancer survivor, orang ada darah tinggi, diabetic, etc mmg rejek laa permohonan
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boleh suggest medical card yng coverage bagus tak?
i pun harapkan company punya medical
but since i plan nk retire as early as 45 yo
i think nak kena ada satu
ada juga tanya kawan2
but mostly tak meyakinkan jawapan
maybe diorg pun unsure dan tak arif bab insurance ni
nak pilih yang harga mampu bayar bulan2
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Author |
Post time 16-10-2020 10:32 PM
From the mobile phone
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Show all posts
gekkou replied at 16-10-2020 08:36 PM
boleh suggest medical card yng coverage bagus tak?
i pun harapkan company punya medical
but sinc ...
I amek aia... alah just terus bagitau agent tu your budget berapa.... the agent tu yg kena dengar cakap u... i amek yang premium within 3k setahun, sbb itu max limit bleh tax exemption... kalo u nak amek lebih sikit pun takpe.. limit medical card 1 mil per annum... yang penting ikut berapa budget u.. biasa diorg terus suggest sky rocket.. u ckp je nak umur 70 je, sbb as time goes by, when u re good paymaster, diorg akan auto increase to 80, 99 y.old... |
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Edited by green~tea at 21-10-2020 05:27 PM
I nak update on my thread that i created earlier this year, as reference, even for myself i suka baca balik information sharing dalam ni…
Initially I started this thread with the intention to early prep myself for my early retirement, which I targeted by 45 y.o…. I started seriously looking after my retirement plan in 2017... by then, its the moment that I realized I dah menuju late 30s and my target retirement age makin hampir… and yet, my liquid savings adalah sangat hauk and the only thing I have that time is rumah, tanah2 insurance savings , koperasi and asb (financing).. which clearly insufficient untuk retire dengan aman at the age of 45...
I mmg menggiat monitor my financial planning since then... and earlier of this year, I attended retirement plan course, organized by the company im working with.... hence makin banyak material2 yang I dapat share kat thread ni…
So latest update, I have just completed my retirement plan spreadsheet (40 tahun ke hadapan)… it actually started when i asked my husband... how much is enough in order for me to be a happily retired stay-at-home-mom? some people would call, the home maker? berapa passive/active income that I can generate by the time I retire? so, by asking that question, I buat a few sensitivity analysis... retire at 40, retire at 45 and retire at 55....
Mula2 i list down all my monthly commitments and track my current spending, to be recorded as part of my future commitments.... then dari situ i dpt identify, how much income I should be generating in order for me to retire early... for now my commitments would be
1. Insurance & Medical Card, Life, Hibah, Takaful - RM 300 per month
2. Kereta - RM 1700 per month (lagi 3 tahun nak habis bayar)
3. Travelling cost - I kerap balik uruskan resort, ladang sawit, jenguk family - RM 2000 per month
4. Belanja diri sendiri - RM1000 per month
5. SSPN I-plus for my son - RM300 per month and for tambahan kid nnti RM300 per month jugak, i will take same SSPN package 
so, by 2023, my monthly commitment would be RM4k per month, and that is the minimum passive/active income that I need to generate by the time I retire soon...
Active income ni is the income yang kita dapat dgn usaha, contoh cam current employment, businesses, part time baking or menjahit, invest dalam resort and manage the resort... in my financial planning, I put my resort as my "active income".. my first resort I mmg berniat untuk handover my shares to my brother who will be managing the 23 chalets full time... sbb I rasa susah nak manage bila sharing camni… so by 2025, I would be focusing on my own beach resort that I am building with my husband.. unit tak banyak, but we offers more privacy and exclusivity... so usually when I make investment assessment, i would target to get 10-30% return of investment.. so dari financial assessment tu lah I akan tweak (play around) my initial investment, positioning the room prices, target market etc... I utilize my know-how on LEAN START UP, where I crafted my business the lean way, which is by having my MVP 1, MVP 2, by phases....
Another important factor in retirement plan is the passive income..... which means income yg masuk dengan goyang kaki... as I have already elaborated further earlier in this thread contoh, by investing dalam unit trust, ASB1, ASB2, ASB3, koperasi2, ladang sawit pajakan kepada Felcra atau Felda, retiremenf funds, ASN Sara 1, EPF... a good passive income can give you 5- 15% dividends or return of investment... but this passive income requires BIG capital, but smaller return... that's why I mmg utilize habis2 an kuota bumiputera I dekat ASB 1 - 3, pastu masuk koperasi kakitangan, koperasi felda.. retirement plan savings, amek insurance (utk protect WEALTH)... actually by now, insyaAllah I already managed to get 5 figures income monthly from my passive income alone... the reason why i dapat accumulate a few passive income fund, is sebab I managed to sell 2 of my houses last year... so proceedings keuntungan dari jualan itu lah I sumbat masuk ASB 2, ASB 3, Tabung Haji, ASN Sara 1, Koperasi FEL** etc..... so that why, it is just a matter of time, that I am currently seriously considering for my early retirement....
and all the above does not include the investment and income from my husband... I dengan husband mmg have our separate retirement plan... sbb heols lebih suka (and he started earlier) dalam residential and commercial properties.. ambil rentals from his early property investments sejak 2008 dia dah bergiat beli properties... tp now residential dia dah jual jugak, he has sold 3 rumah, and 1 land and he kept 2 residential properties sahaja... after selling the residential properties, he started focusing on building his passive income dekat other funds, mcm beli tanah sawit utk dipajak 30 tahun, penuhkan ASB2 and ASN Sara 1... not sure kat mana lagi his passive income fund, tp seingat i dia ada 6 figures saving dalam amanah hartanah berhad... takpe lah.. semoga heols murah rezeki utk menyara family.. Aamiiin....
oh ya, in my earlier list commitment i tu, i takde langsung senaraikan commitment rumah yg kitorg duduk, utility bills, groceries dan lain2 perbelanjaan... this is because, semua commitment tu already covered by my husband... because he INSISTED utk i tak contribute anything dalam keperluan perbelanjaan rumahtangga.. semenjak berkahwin, mmg my income solely being focused utk build up my own financial strength, that's my husband's request, sbb dia nak i repair balik all the damages from my previous marriage... he said, it's already enough for me being at home, taking care of the family and house chores, and menyerikan rumah yang dia beli semasa dia berkahwin dengan ex wife dia dulu... he was broken, sbb 2 bulan sebelum dapat kunci rumah ni, his ex wife walk out dari rumah (& marriage) masa dia tengah meeting sebulan di Iran & India...
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Bagus thread ni. Bookmark dulu. Nati baca satu2 |
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Edited by green~tea at 5-11-2020 11:10 AM
A successful retirement isn’t limited to when you’ve reached a certain age—it can happen whenever you no longer need to work to meet your financial obligations. To many people, the thought of retiring at 40 seems like a stretch. However, if you get started early enough and exercise care and discipline, retiring significantly ahead of the typical age is achievable.
What should someone who wants to enjoy an early retirement do to ensure their success? Below, 10 members of Forbes Finance Council share some sage advice.
1. Know your money will need to ‘work overtime.’
Financial literacy and planning are imperative. Maximize your retirement plan contributions and enlist a licensed advisor to help direct your investments based on your goal of retiring early. Your money will need to work overtime, so it’s crucial to set it up for success as soon as possible. - David Haass, Elite Insurance Partners, LLC
2. Get advice and start early.
First, it is almost universally recognized that seeking professional independent financial advice will get you to your objective quicker than “going it alone.” Second, the earlier you start your retirement planning, the easier and more effective it is likely to be. And third, in addition to saving you need to invest to ensure your money actively works for you. - Nigel James Green, deVere Group
3. Pay yourself first.
Pay yourself first before paying others. Save 20% of every dollar off the top of what you make and create a disciplined approach to managing cash flow. It’s not what we make, it’s what we do with our earnings that counts! - Michael S. Schwartz, CFP®, AEP®, Magnus Financial Group LLC
4. Determine your passive income requirements.
I would divide my current monthly standard of living by 35%. This is how much I need per month in passive income to cover my living expenses, save 40% of my passive income to reinvest and account for 25% taxes. For example, if I live on $10,000 per month today I need to have $28,572 coming in each month to truly stay financially free. From here I can determine which investment options are right. - Jerry Fetta, Wealth DynamX
5. Run conservative projections.
Run cash flow projections and make sure your assumptions are extremely conservative. A lot can change in the future, and you need to be prepared. Taxes, inflation, the cost of healthcare, etc. may all be higher in the future, and you need to be prepared for that. - Amir Eyal, Mylestone Plans LLC
6. Fully invest in your 401(k) - equivalent to EPF/KWSP
Fully invest in the first 401(k) that is offered to you—even if you have to eat ramen noodles. The earlier you start and the more you can afford will make all the difference in being able to retire early. Having freedom and options when you get older is more valuable than you can imagine. - James Hewitt, CEO, Advisor, Angel Investor
7. Be ready to cover your monthly burn.
Know your monthly burn rate. That’s the most important step. See what you are comfortable spending and what you can and can’t live without. Then it’s just a matter of figuring out what the easiest way is for you to get the funds to cover your monthly burn. It could be through dividends, rent, other passive income or an occasional gig. - Aaron Spool, Eventus Advisory Group, LLC
8. Create multiple passive income streams.
Create as many passive income streams as possible. Borrowing money is currently very cheap, and people should take advantage of it. Investing in things like real estate or long-term investments that will turn into liquid assets over time is an easy way to ensure an early retirement. - Jonathan Moisan, Advertise Purple
9. Be prepared to have a side hustle.
The F.I.R.E. movement—financial independence, retire early—is not as hot a topic now, but the principles of equally aggressive saving and cost-cutting are powerful if practiced with unremitting discipline. But here’s the nugget you may not know about F.I.R.E. proponents: Most have a side hustle, whether it’s a second gig or a stream of passive income. What will your added income be? - Wm. Scott Page, LifeGuide Partners
10. Make a habit of being frugal.
Live well beneath your means, save and invest. If you intend to live the rest of your life on savings earned by age 40, your lifestyle in retirement will be the biggest obstacle. Habits are hard to break. So if you get in the habit of being frugal before you retire, you increase the odds of not outliving your money. - Mia Erickson, Whitnell
https://www.forbes.com/sites/for ... ly/?sh=4849f54f5d75 |
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Retirement Is a Marathon, Not a Sprint
Most of all, it’s critical to remember during this very stressful time that retirement is a marathon, not a sprint. At 55, or 58, or 62, you still have decades to invest, plenty of life to live and plenty of options.
“Remember that you still have to think about the long-term. For many, their retirement will last for 20+ years and will need a financial plan and a strategy to support them for all those years,” Halloran says. “The best advice we can recommend is to have a plan and stick to it. |
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Edited by green~tea at 5-11-2020 10:27 PM
below I find checklist masa I glance through article written in Forbes
https://www.forbes.com/advisor/r ... o-early-retirement/
Early Retirement, Phase One: Pre-Retirement Planning
When people talk about retiring early, they most often focus on the investment strategy known as FIRE: Financial Independence Retire Early. Outside of planning which retirement accounts and brokerage accounts to use and how much you need to save, you also need to think about:
1. Your Vision for Early Retirement
It’s critical to start your retirement planning process with a clear vision of your life during retirement, says Jake Northrup, certified financial planner (CFP) and founder of Experience Your Wealth, LLC.
“I’ve found a lot of people say they want to retire early, but they don’t actually paint a picture of what early retirement looks like for them,” he says. “You don’t want to climb the retirement ladder and get to the top to realize it was leaning the wrong way.”
Phil Lubinski, CFP and co-founder of IncomeConductor, has found over his 30 years as a financial advisor that pre-retirees don’t measure their emotional readiness to retire.
“Fishing and golfing are great part-time activities, but what are investors going to do with the rest of their time?” says Lubinski. “They need to fill the 40 to 50 hours a week they were working with other activities.”
He also says that investors may not be prepared to replace the psychological and social benefits that their careers and work environments provided. That means thinking about the kind of part-time or volunteer work you might want to take on, the types of hobbies you want to pick up or the traveling you may like to do, among countless other goals.
Knowing your goals for your early retirement will also dictate how much you need to save for it.
2. Your Health Insurance Plan
“The most common thing people fail to plan for when pursuing early retirement is health insurance,” says Northrup. “You can’t receive Medicare until you’re 65, and early retirement likely means you’re no longer covered by an employer plan.” Early retirees need a strategy to bridge the gap from their retirement date until Medicare kicks in.
3. Plan Out Your Early Retirement Housing
“Most pre-retirees focus on getting their investments ready for retirement, but attention should also be paid to getting their home ready while they are still working and making a good income,” says Lubinski.
Prepping your home for retirement could mean different things to different investors. To prepare your home for your early retirement, you might:
- Pay off your mortgage early
- Downsize your home
- Make major repairs (replace your roof or sewer main, invest in tuckpointing)
- Complete renovations (kitchen, bath, landscaping)
- Research homes in your dream locale (if you’ll be relocating)
- Plan to pay off any HELOCs prior to retirement to protect your home equity
Your first priority should be any major repairs you’ve been putting off as you want to avoid tapping your retirement savings to finance repairs. “Major home repairs during the early years of retirement can be very damaging to a long-term investment portfolio,” says Lubinski.
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sambungan…….
4. Plan to Keep Earning Income
“Early retirement is not about stopping to work, but rather gaining complete control of your time,” says Northrup. He suggests that after investors leave the 9-to-5 grind, they find part-time or gig economy work that fits with their new lifestyle while offering a modest income to offset living expenses. These jobs may even offer benefits, like health insurance, that can help bridge you to retirement.
“By planning to continue earning income, you are able to achieve early retirement far earlier because you don’t need as much money saved up in investments to support your lifestyle,” he says.
During your retirement planning phase, think about the kind of work you’d find rewarding during retirement. Take time to research your options. Knowing that you have options for retirement income can help alleviate concerns that you might outlive your savings or any feelings of discomfort from the thought of actually spending the savings you’ve accumulated over a lifetime.
5. Have a Social Security Strategy
Not only does your early retirement strategy need a plan for healthcare before Medicaid. You also need a clear vision for when you’ll tap Social Security. Starting Social Security payments as soon as you’re eligible can diminish your Social Security benefits up to 30%.
Talk with a financial advisor or use the planning tools on the Social Security website to make a plan for when you’ll start drawing benefits and potential delays you can make to ensure you receive the maximum benefit.
6. Create a 10-Year Financial Buffer
“At least five years before their early retirement date, investors should set aside the amount of money required to provide income for their first five years of retirement,” says Lubinski. “This will effectively put a 10-year buffer between the money they need for early income and any market volatility that could take place during their five-year countdown to retirement.”
This buffer helps investors safeguard the wealth they’ve accumulated by setting it aside from their main retirement savings. You could do this by opening a new individual retirement account (IRA) and rolling over the recommended five years of income. You can then invest this money in a capital preservation-minded portfolio, like one focused on cash-based investments like Treasury Bills or bonds.
By separating your funds you’ll need early in your retirement, you give yourself some buffer should the market experience volatility. Under this model, your remaining investments will have years to bounce back from any losses before you’ll need to tap them. |
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sambungan part 3
Early Retirement, Phase 2: Managing Finances in Early Retirement
Early retirement isn’t a destination so much as the start of a new journey. You can’t put your finances entirely on autopilot just because you’re no longer working full time.
1. Set Guidelines for Your Spending
To retire early, you need to know how much cash you need to maintain the lifestyle you envision. “The most critical variable in financial planning, and the one you can control, is your spending,” says Northrup. That’s why he helps his clients set up “guardrails” for their spending.
He recommends that investors identify a lean budget (left guardrail), a moderate budget (middle of the road) and a fat budget (right guardrail). “Most of the time you will drive in the middle of the road, but it’s helpful to know how far left and right you can go while still being safe,” he says.
This type of planning in advance will help you reduce anxiety about spending and also give you permission to increase spending on experiences you truly value, so long as you stay within the guardrails.
2. Adjust Rate of Return Assumptions
“The past five or 10 years is not a good measure of what the next 30 to 40 years might hold,” says Lubinski. Wise words, given that the U.S. was recently in the longest bull market in history.
If you’re relying on epic rates of return during retirement, it could prove more prudent to adjust expectations downward. Given the average rate of return for the S&P 500 has been 9.8% over the past 90 years, you’ll probably want to err on the conservative side and model your portfolio with a lower rate of return than that.
Instead of 10% annual returns, you might conservatively estimate 5% or 6%. You’ll also want to keep in mind that you probably won’t have a portfolio invested entirely in equities in retirement, meaning you wouldn’t reach 10% even in a perfect market.
That’s why Lubinski says investors should focus on “reliability of income” during retirement instead of “return on investment.” This means adjusting your investments to a capital-preservation and income-centric approach. It doesn’t mean giving up all of your market upside potential, though your returns will likely be more modest than a portfolio invested only in stocks. Rather, your steady income becomes the leading factor in the investment decisions you make.
3. Consider Segmenting Your Savings
You may think about bucketing your savings to try to capture market upside while preserving the money you need for income in the near future. It can be helpful for some early retirees to break up their retirement savings into five-year portfolios and invest accordingly, allowing funds you won’t need to tap for 25 years to be invested more aggressively than those you’ll need to tap in the next five to 10 years.
4. Remember to Enjoy Your Early Retirement
Once folks are in early retirement, they should avoid a tendency not to enjoy their wealth. “My clients who were very good savers sometimes have trouble becoming spenders,” Lubinski says. That can be helped by creating a retirement spending plan.
“Retirees usually spend on a U-shaped curve, with higher spending in the early years when their health and energy is high, then a natural slow down, and in some cases an increased spending pattern in the later years when health care becomes an issue,” says Lubinski. “Having a written retirement income plan that is customized to the retiree’s actual spending goals gives them the confidence to spend and enjoy their retirement.”
You’ve saved it, and in early retirement, your plan is to have more years to enjoy what you’ve saved. |
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Several Risks to take note when you're considering for early retirement
1. Personal and family: Changes in your life or the life of a loved one
2. Healthcare and housing: The need for professional caregivers or moving to a facility due to failing health
3. Financial: Revolving around inflation, investments, and stock market activities
4. Public policy: Governmental decisions that could affect retirees |
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Keje sampai mati ......... Retirement dalam kubur . |
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Orang2 selalu duk ratib… utk retire, kena ada back up PASSIVE INCOME, kena ada SAVINGS yang mencukupi, better kalo dpt tempat savings yang boleh bagi higher return than inflation rate (>3-4%)....
Ramai golongan2 skim2 menipu duk jaja peluang menjana passive income dgn cara selling dreams (Skim Ponzi ke, MLM ke, scammer, ni semua menjual dream of passive income) tp tu semua BUKAN passive income yang sebenar....
Sebenarnya hanya ada 3 sahaja Passive Income yang BETUL:
1. Cash flows from property income, including profits from ownership of capital, rent from ownership of resources such as rental income, cash flows from property or any piece of real estate, and interest from owning financial assets. Property investment ni bermaksud property yang bagi rental income, bukan property yang kita sendiri duduk, dgn harapan property market yang kita beli tu takde crash in the future lah... contoh, rumah sewa, shoplots, ladang sawit (pajakan kepada agencies FELDA atau FELCRA), rent out kilang, rent out resort (orang lain urus, kita ambil margin sewaan bangunan sahaja)
2. Trade or business activities in which one does not materially participate during the year. contoh, kita melabur dan ambil dividen sahaja contoh nya ASB, koperasi, ASN Sara 1, oh well, you do know the list kan sbb dah byk contoh I bagi kat posting2 sblm ni.. usually kat negara lain, this kind of income is taxable.. tp kat Malaysia, it is not... income dividen ASB tak kena tax pun kan?
3. Royalties, which are payments made by one company (the licensee) to another company or person (the licensor) for the right to use the latter's intellectual property (book, music, video) or patent. |
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yeas, you're right in certain context, selagi kita hidup, selagi tu kita bekerja... maksud retirement dalam thread i ni, retire dari hidup makan gaji je... so how do we manage our life, in order to be able to retire dari kerja makan gaji, comfortably... i tak bercadang utk hidup bermewah2 luxury life... kalo i nak kejar life begitu, i mmg tak mampu utk retire... so the better word is comfortable life.. cukup makan, ada tempat tinggal.. |
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Hmmm...
[AceHand SPECTaceLAR]
Aku rasa hapa yang ko buat sekarang ni kurang betol... Patot mulakang dulu ngan makang burger... Pastu baru yang laing laing...
Jizzz... Klong! Klong!
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Author |
Post time 5-12-2020 09:57 AM
From the mobile phone
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Show all posts
AceHand replied at 5-12-2020 04:35 AM
[AceHand SPECTaceLAR]
Aku rasa hapa yang ko buat sekarang ni kurang betol... Patot mulakang dulu ...
Dah try makang smash burger viral tuh?? Kalo abes PKP nih buleh la mek nok gi makang denuh |
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Errr...
[AceHand SPECTaceLAR]
Kat mana tu...?
Jizzz... Klong! Klong!
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i baru baca thread ni. thank u so much green!
banyak u share.. i baru je register pmo tu.. now tengah tunggu approval.
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Post time 14-10-2020 06:16 PM
Post time 5-12-2020 04:35 AM
