WorksheetsRetirement Planning
Total questions: 10
Worksheet time: 3mins
An action of withdrawal from one's position of occupation or active working life
Career
Living trust
Retirement
Trustee
As a young person, saving for your retirement is an example of a ___________ goal.
Long-term
Value-added
Medium-term
Short-term
One of the importance of retirement planning is to live a comfortable standard of living during retirement.
TRUE
FALSE
Which statements are NOT the tips to manage retirement plan
Select to target date
Develop spending plan for retirement plan
Talk with your banker or advisor
Estimate money you need to accumulate
Which account can be withdrawn once the members reached 60 years old
Akaun 55
Akaun Fleksibel
Akaun Persaraan
Akaun Emas
What is the aim for retirement planning?
To acquire financial planning knowledge
To determine the level of income needed during retirement
To provide social security during working life
To ensure our assets are transferred to our loved ones
At the age of 50, you can make partial withdrawal from your Akaun Sejahtera under these conditions EXCEPT
Education
Perform Haji
Leaving the country
Medical expenses
Self contribution serves as an option to those who want to voluntarily grow their retirement savings with EPF.
TRUE
FALSE
What is the name of account 3 for the new structure in EPF?
Akaun Sejahtera
Akaun Persaraan
Akaun Emas
Akaun Flexible
Retirement planning is not important because relying on a social security or a pension is enough.
TRUE
FALSE
