Have you ever dream off an “early retirement”? If you do, CONGRATULATION!!  If you don’t,  I guess by retiring at age 55 like others may satisfy you better.

Let’s see the definition of Retirement:  “Retirement is a time to relax and enjoy oneself…”

Do you agree with the definition? If yes… you are one on the same thinking like 48% of Malaysian who participated in the survey done by a Multinational Company.

High Inflation Spoilt Retirement Definition

Don’t you know that meaning of retirement; time to relax and enjoy oneself is useless. You can object this but let’s take of two steps behind, “paper money is useless when it comes to inflation”.

Definition of Inflation: “Inflation is an increase in the overall level of prices”.
Malaysia CPI (Consumer Price Index) increased sharply in 2008 to 70% and indirectly contributes to a higher inflation value. Malaysian Ringgit is worsening in 2008 especially for the food and non beverages sector.

How Much Money Needed for Retirement?

This sound like a very brilliant question. I believe each and every person on earth would have their own number. As for me, I need at least more than half a million to maintain my current and future lifestyle for the next 10 years after my retirement age of 55. How about you?

About 91% Malaysian did not know or are unsure how much money they need for the retirement. 82% Malaysian do save but unsure either the saving is enough or not. To make matters worse, most Malaysians do not segregate their savings account for retirement.

Above picture is my lucky retirement number. I am happy that my amount mentioned earlier exceeded the amount of my retirement. Frankly, I am surprised that I need such a big sum to have a comfortable life after retirement. Unfortunately, this figure is just a guideline for me as I am unsure myself how is the inflation rate in the future would be.

By knowing your figures, I believe it may help somehow in your financial planning. Without a proper planning you will end up nothing. Thus, Prudential Malaysia had taken the initiatives to create and promote the retirement calculator for anyone to use it. How about you take a five minutes break to calculate your retirement needs @:

http://www.whatsyournumber.com.my/

Take Part to Understand on How to Use Retirement Calculator

‘What’s Adam’s Number’ challenge will start on December 2nd for the next four weeks. You can register here www.whatsyournumber.com.my. Every week a clue will be released to the contestant. You need to guess based on the clue how much Adam’s need for retirement.  Isn’t that interesting?

Fastest and correct answer will win great prizes like:

• Grand Prize of : RM 100,000 of PRU Retirement Accumulator Plan
• 8 consolation prize of RM 12,500 of PRU Retirement Accumulator Plan

How To Win 200,000 Contest

If you unable to read the instructions from the above picture, feel free to read the steps below:

1. Register @ Prudential Website or Click Here
2. Log in to your account and click on the Play/Revise icon
3. Use Prudential’s Retirement Calculator. Use answers based on the clues provided.
4. Calculator will generate a golden retirement number. Submit this figure as your answer.
5. Or you can refine answer by using additional clues which will be unveiled every week

The best thing is, the winner does not have to think how to save the retirement money while they will get a constant monthly income after 10 years. Enjoy by using and getting to know more how to use the specially tuned Retirement Calculator. I want to know your number, share it in the comment box below.

Finding the Right Retirement Planning Tools?

You can find the details on the http://www.whatsyournumber.com.my on the right plan and tools to help you to get the most out of your retirement plan monies.
Listed here are the available tools:

1. PRUretirement Accumulator
2. PRUretirement Growth

Before deciding to use the tool, please answer these questions:

1. Do you have a sum amount of money with a minimum of RM10, 000 that you do not use?
2. Would you prefer to save regularly or in one lump sum?

If the answer is number one then you might select tool number two. It is because you can save a lump sum amount and get a very handsome profit after 10 years. You can have all your money back with additional amount later. If you don’t have enough cash to dump in, you have another option called PRUretirement Accumulator.

It is a monthly installment type of investment. It is like to save in ASB. You can start from as low as RM100/month. The greatest thing is, you are in the safe area when Death and Total Permanent Disability coverage. If you died before the plan ends, you loved ones will get the lump sum compensatory return. It will them to pay all the debt left by you.

Prudential has taken step further to help us for the future. Hence use the calculator and share it with your buddies for a secure future.

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