I was discover the latest issue (August 2009) of Personal Money Magazine #96 which’s publishing by The Edge. With the title of “How To Maximize Your EPF“. How many of Malaysian seriously think about this question?
Quote: “If you are young and your biggest cares are your car loan and financing that shopping spree coming up, retirement may be the furthest thing from your mind. Yet, it is making the right decisions today that will make it affordable for you to retire.
In terms of retirement, the EPF is likely to be the bedrock of a working Malaysian’s fund. So, how do you make the best use of your EPF funds in terms of growing it, using it to boost your wealth and making it last as long as possible in you retirement? We look at how we can capitalize on some of the initiatives that the EPF introduced under its Beyond Saving programme. Contrary to common perception, you can invest in stocks, and buy a property that is not your primary residence.”
From the research, the purpose of EPF withdrawals are:-
71% = Investing in Unit Trust funds
79% = To pay/reduce housing loan
6% = To fund education
1% = To pay for own/family member’s medical expenses
1% = To fund for children’s education
In this magazine, covering the topics of:-
a. Mind Your Money
b. Personal Investment
c. Personal Finance
d. Special Focus.
e. Personal Business
f. Smart Spending…. etc.
I’m personally found this is an good magazine for you to managing your finances. It cost you just RM9 and you gain the knowledge from the tips as well as markets review. Quick, get an issue for yourself today!
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I am a blogger on the personal finance, investments, entrepreneurship and self-motivation. You might want to visit my site and exchange ideas with me through comments.
Hi Tyrone. Visited your blog. Its awesome and your articles are great.