- Food for thought: What's in your retirement bowl?
- Retirement is like a delicious bowl of laksa, which contains a medley of ingredients and garnishes that come together to make a fragrant and flavourful dish. Just as there are various types of laksa, there are also different retirement goals that would determine the approach to preparation. However, the process is similar, starting with a base, followed by the necessary accompaniments, and adding the final touches to make your retirement plan unique to you.
- Depending on the choices you make today, your golden years could be as simple or as luxurious as you imagine. As the way we live evolves, the modern habits we adopt now are more likely to remain a part of our lives once we retire. With a little bit of forethought and planning today, you can retire debt-free and still enjoy the same pre-retirement standard of living tomorrow.
- Whichever stage of life you’re at, these tips would help you shape your plan and ‘Be A-Z ready for tomorrow’. Let’s get started on making the laksa of your dreams.
-
- 1. Create your broth.
- The base of your retirement plan begins with your financing. Just like how a laksa broth is key to the whole dish, from the paste to the ratio of water, the basics of retirement planning are the same whether you’re planning at 20 or 40 years old – having a budget and understanding your income stream.
- Besides your assets and income, retirement planning also takes into account your future expenses, liabilities, life expectancy, and aspirations.
- Once you’ve set a monthly base, it’s time to choose the right accompaniments to go into your retirement plan. Essentially, your plan should have a timeline of when you want to start saving, when to retire, and not forgetting to include your biggest passions for a more fulfilling retirement and life. Your hobbies could also venture into a passive income to help you plan for a bigger retirement budget.
- 2. Prioritise your accompaniments.
- ‘Mihun’ or ‘kuetiau’? Let’s face it, laksa without noodles is just plain spicy broth on its own – good, but not quite enough. When it comes to enjoying your retirement to the fullest, you should plan for a wholesome life by taking care of your physical and mental health, having adequate protection, and surrounding yourself with good company. However, like how spaghetti is the type of noodle used in a Laksa Johor, there are more aspects of the retired lifestyle that we should look into as we are planning for retirement, longevity, and our legacy.
- Besides the mandatory employment savings plan, it’s important to understand and consider plans that will protect your golden years against the rising costs of living, such as medical and insurance plans < https://www.allianz.com.my/personal/life-health-and-savings/medical-and-hospitalisation/healthinsured.html> for you and your family, or health and wellness benefits < https://www.allianz.com.my/personal/whats-new/allianz-we-care-community.html> that can reduce day-to-day expenses while still allowing you to enjoy life.
- 3. Add on your sides and hobbies.
- Fancy some fried onions to top your laksa? Go ahead, add a personal touch to your plan. Make your laksa unique to you by investing in your passions during your retirement. This is a great time to learn a new skill, spend time on your hobbies, or pursue a lifelong interest.
- Let your passion drive your future plans – like a trip to Mars or a PlayStation 7. No dream is too big with a bit of planning, plus a little motivation goes a long way. Factor in the things you love and interests you’re passionate about to live a happy and well-rounded life.
- 4. Be ready for the spicier parts of life.
- Like how sambal gives laksa an extra kick, life is bound to have its share of spicy twists. Make sure you keep your financial, medical, protection, housing <https://www.allianz.com.my/personal/home-motor-and-travel/home/smart-home-cover.html>, and legacy plans <https://www.allianz.com.my/personal/life-health-and-savings/life-protection/legacyplus.html> updated to give you and your loved ones’ peace of mind.
-
- Planning for your retirement can be enjoyable and full of flavour. By personalising your retirement planning and investing in your health and interests, you can have a retirement that’s as satisfying as a bowl of spicy laksa. So, let’s get started and prepare for your retirement with confidence!
- Stay tuned for our next article to help you Be A-Z Ready for Tomorrow’<<https://www.allianz.com.my/personal/whats-new/ready-for-tomorrow.html>. For more information and tips, please reach out to an authorised Allianz agent here <https://www.allianz.com.my/personal/whats-new/ready-for-tomorrow.html#getintouch>
- to get started on your retirement planning.
How to: Secure your retirement now.
- Food for thought: What's in your retirement bowl?
-
- Retirement is like a delicious bowl of laksa, which contains a medley of ingredients and garnishes that come together to make a fragrant and flavourful dish. Just as there are various types of laksa, there are also different retirement goals that would determine the approach to preparation. However, the process is similar, starting with a base, followed by the necessary accompaniments, and adding the final touches to make your retirement plan unique to you.
-
- Depending on the choices you make today, your golden years could be as simple or as luxurious as you imagine. As the way we live evolves, the modern habits we adopt now are more likely to remain a part of our lives once we retire. With a little bit of forethought and planning today, you can retire debt-free and still enjoy the same pre-retirement standard of living tomorrow.
-
- Whichever stage of life you’re at, these tips would help you shape your plan and ‘Be A-Z ready for tomorrow’. Let’s get started on making the laksa of your dreams.
-
-
- 1. Create your broth.
- The base of your retirement plan begins with your financing. Just like how a laksa broth is key to the whole dish, from the paste to the ratio of water, the basics of retirement planning are the same whether you’re planning at 20 or 40 years old – having a budget and understanding your income stream.
-
- Besides your assets and income, retirement planning also takes into account your future expenses, liabilities, life expectancy, and aspirations.
-
- Once you’ve set a monthly base, it’s time to choose the right accompaniments to go into your retirement plan. Essentially, your plan should have a timeline of when you want to start saving, when to retire, and not forgetting to include your biggest passions for a more fulfilling retirement and life. Your hobbies could also venture into a passive income to help you plan for a bigger retirement budget.
- 2. Prioritise your accompaniments.
- ‘Mihun’ or ‘kuetiau’? Let’s face it, laksa without noodles is just plain spicy broth on its own – good, but not quite enough. When it comes to enjoying your retirement to the fullest, you should plan for a wholesome life by taking care of your physical and mental health, having adequate protection, and surrounding yourself with good company. However, like how spaghetti is the type of noodle used in a Laksa Johor, there are more aspects of the retired lifestyle that we should look into as we are planning for retirement, longevity, and our legacy.
- Besides the mandatory employment savings plan, it’s important to understand and consider plans that will protect your golden years against the rising costs of living, such as medical and insurance plans < https://www.allianz.com.my/personal/life-health-and-savings/medical-and-hospitalisation/healthinsured.html> for you and your family, or health and wellness benefits < https://www.allianz.com.my/personal/whats-new/allianz-we-care-community.html> that can reduce day-to-day expenses while still allowing you to enjoy life.
- 3. Add on your sides and hobbies.
- Fancy some fried onions to top your laksa? Go ahead, add a personal touch to your plan. Make your laksa unique to you by investing in your passions during your retirement. This is a great time to learn a new skill, spend time on your hobbies, or pursue a lifelong interest.
- Let your passion drive your future plans – like a trip to Mars or a PlayStation 7. No dream is too big with a bit of planning, plus a little motivation goes a long way. Factor in the things you love and interests you’re passionate about to live a happy and well-rounded life.
- 4. Be ready for the spicier parts of life.
- Like how sambal gives laksa an extra kick, life is bound to have its share of spicy twists. Make sure you keep your financial, medical, protection, housing <https://www.allianz.com.my/personal/home-motor-and-travel/home/smart-home-cover.html>, and legacy plans <https://www.allianz.com.my/personal/life-health-and-savings/life-protection/legacyplus.html> updated to give you and your loved ones’ peace of mind.
-
- Planning for your retirement can be enjoyable and full of flavour. By personalising your retirement planning and investing in your health and interests, you can have a retirement that’s as satisfying as a bowl of spicy laksa. So, let’s get started and prepare for your retirement with confidence!
- Stay tuned for our next article to help you Be A-Z Ready for Tomorrow’<<https://www.allianz.com.my/personal/whats-new/ready-for-tomorrow.html>. For more information and tips, please reach out to an authorised Allianz agent here <https://www.allianz.com.my/personal/whats-new/ready-for-tomorrow.html#getintouch>
- to get started on your retirement planning.
- Imagine waking up to the soothing sound of ocean waves, feeling the warmth of the sun on your face as you sip your morning coffee on the balcony. There are no deadlines to meet, no meetings to attend and no rush hour traffic to battle. Your biggest decision for the day is whether to relax on the beach, read a good book, or decide between ice-cream or chocolate to treat the grandkids.
- You can realise your aspired retirement dream with the right planning, protection and investments today. It’s important to anticipate potential challenges and take the necessary steps to secure a comfortable future for you and your loved ones.
- As we age, we take on more financial responsibilities, such as repaying debts, supporting elderly parents' healthcare needs, and saving for our children's education. It can be overwhelming to manage on your own, but with the right preparation and guidance, you can ensure that your quality of life does not decrease in the future and your family will be in good hands.
- With Malaysia’s healthcare costs expected to rise by 13.8 percent in 2023, it’s imperative to plan ahead for unexpected events that can significantly impact your funds and well-being. This is especially true for retirees, who may need more medical care but may not be able to afford it.
- Our products are designed to help you achieve your retirement goals and provide you and your loved ones with peace of mind and support. Let’s explore how you can Be A-Z ready for tomorrow with us.
- For Health
- While our physical health naturally declines with age, healthcare costs continue to rise higher than general inflation. With that in mind, it’s better to be prudent and build a separate portfolio to manage medical and critical illness expenses that may arise so you won’t have to dip into your retirement savings. A solid critical illness plan can cover the likelihood of a family history disease or lifestyle changes that can impact you and your loved ones’ well-being.
- For example, with a plan like Prime Care+, over 150 critical illnesses including cancer, heart attack and stroke are covered from early to advanced stages – allowing you to seek early treatment. In addition, if you're diagnosed with diabetes or cancer, don’t worry about not having additional funds for treatment, recovery, or other related fees; we've got it covered with the additional Diabetes and Cancer Recovery benefit built into Prime Care+. A lump sum will be provided to supplement daily living expenses, giving you peace of mind to focus on your recovery.
- With the current pace of life, it’s natural to pursue our passions with greater effort and commitment. A comprehensive coverage would allow you to chase your dreams knowing that even during the downside of life, all you have to do is focus on recovery while Prime Care+ takes care of your financial needs for healthcare.
- For Savings
- Saving money is an important part of preparing for a comfortable retirement, and with PrimeSaver, it's easier than ever. Our plan helps you save more effectively with a range of payment and coverage terms to match your needs. You can start saving early for your retirement and watch your savings grow over time.
- PrimeSaver is designed to be accessible to everyone, with features that make it easy for you to enjoy short-term rewards while saving for the long term. Besides the potential to reap higher investment returns, you will receive a sum of guaranteed cash payment at the end of each policy year starting right from the 1st policy year with options to either withdraw, deposit or reinvest this money.
- By taking advantage of this plan, you can be confident that you'll have the financial security you need to enjoy your golden years.
- For Life
- Our families mean the world to us and making sure that their needs are met when we are unable to is an act of love and responsibility. With a life insurance policy like PrimeCover, you can rest assured that your family will be financially protected and continue to thrive, so you can focus on the joy of creating memories together while knowing that they will always be taken care of even in the toughest of times.
- PrimeCover gives better protection and financial support for you and your loved ones in case life takes a turn for the worse. Besides offering a built-in CI Relief Benefit for you to use for treatment and recovery when diagnosed with a critical illness, it also comes with high coverage of up to 3x of the Death Benefits should the unexpected happen.
- This investment-linked insurance plan offers affordable and flexible payment and coverage terms to suit your protection needs and budgets, as well as add-on options to enhance your coverage and value.
- Consider adding on the Prime Booster where you can increase your payout – that can be put into growing your savings, investments, or to leave a lasting legacy.
- For Future
- While many of us aspire to be debt-free when we retire, the current economic and financial climate can make this goal seem challenging. But don't let that discourage you from planning and preparing for the best possible retirement for yourself and your loved ones. By taking steps to plan for your future now, you can be confident that you'll be able to live the life you want and take care of those you love.
- Both PrimeCover and Legacy Plus are important products to consider when planning for your retirement, as they can provide much-needed financial support to your loved ones if life takes an unexpected turn.
- Allianz Legacy Plus is our life insurance plan that protects you and preserves your wealth against inflation and market fluctuations, thus providing continued financial support to your loved ones when you no longer can. With a Conditional No Lapse Guarantee throughout the coverage term, it gives you the freedom to carry out estate planning free of worries. The combination of protection and savings will help you achieve your retirement goals while ensuring your loved ones are financially secure in the future.
- On top of that, starting from the 21st policy year until the policy matures, you will receive a Loyalty Bonus which grows your wealth even more through the years.
- It's important to start planning for your retirement now to build the foundation for your golden years and give yourself the confidence to live your life to the fullest, even in the face of challenges. With the guidance of a trusted professional, you can craft a retirement plan that is uniquely suited to your lifestyle and needs.
- Don't leave your golden years to chance – take control and plan confidently for your retirement dreams. Get in touch with an authorised Allianz agent today to be A-Z Ready for tomorrow, and together we’ll make your retirement dreams a reality!
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- Stay tuned for our next article to help you Be A-Z Ready for Tomorrow. For more information and tips on retirement planning, reach out to an authorised Allianz agent by filling in the form below.
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