Saving for retirement is essential. When you save for retirement you are saving for your future. When you neglect retirement you run the risk of not being able to take care of yourself when you are older. Your retirement goals should come before saving for your children’s education or going on vacations. The earlier you start saving the less you will need to put aside each month to reach your retirement savings goals.
The above chart shows what your retirement nest egg will be if you invest RM 15,000 annually with a compound growth of 10% (with a inflation rate of 3.1%) for a period of 35 years.
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