A leisure and carefree retirement is what many of us pursue for. As lifespan tends to lengthen, the actual retirement fund is much higher than what we may expect. It’s never too early to start planning for your golden years.



Does it occur to you that planning ahead for your retirement by making regular contributions will always make you at ease? Do you want to start your plan early?

  Planning ahead:

 
 

Retirement may seem a long way ahead of you. However, the earlier you start the planning, the more adequate retirement funds you will save. Do you think Mandatory Provident Fund is already good enough for you? Here you may get some ideas:

Mr Chan's retirement plan

Age: 30 Accumulated MPF contribution at age 60: $492,725
Target retirement age: 60 Planned monthly expenses after retired: $8,000
(Today's purchasing power)
Monthly MPF contribution: $1,000 Approximate total retirement fund needed: $2,880,046
 Expected retirement life: 20 yrs Fall short amount: $2,387,320
(Assumes inflation rate=2%, saving interest rate=4%)

If you were Mr Chan, what would you do in order to get enough funds?


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When you are getting older, medical expenses can be a heavy financial burden to you. What if you unfortunately encounter an accident or a sickness during your retirement time?

  Planning ahead:    
 
You living expenses for retirement is expected, but not the medical ones. In case of unfortunate events, Super Good Health Medical Plan provides various medical and hospital benefits (such as Hospital Expenses Reimbursement and Intensive Care Benefit) which ensure your child can receive quality treatment.


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