Search This Blog


Wednesday, 2 July 2014

MaaTakaful:Saving for Retirement

Here are a few of her rules of thumb to help you catch up after age 50:

Make savings non-negotiable

People who aren’t really taking their savings seriously, unfortunately, are going to move themselves into this area of poverty. For someone who hasn’t been saving, take a real hard look at where their money is going and make savings automatic, non-negotiable.

If you make savings a high priority, there’s a lot of opportunity to make a difference. Let me give you a financial example: If a 50-year-old was to take advantage of the 401(k) and save $23,000 for the next 15 years until they’re 65, at a 6% rate of return that money can grow to [about] $570,000. Also take a look at credit card debt because the interest that you’re paying could easily be going to savings.

The 25 Times Rule

You will need 25 times the amount you’ll need to withdraw from your savings to supplement retirement or any other reliable income. So, for instance, if you need $40,000 per year of supplemental income, you will need a million dollars saved at the time of retirement.

The Minus 10 Rule

If you start saving in your 20s, you can save up to 10% and you should have a relatively comfortable retirement. However if you wait until your 30s, you’re going to have to save at least 20%. And then your 40s [save] 30%, and 50s of course 40%. That sounds like a lot of money, but in this country two-thirds of Americans use Social Security as their primary source of income. For a third of Americans, it’s their only source of income. And, unfortunately, the average amount of Social Security is approximately $15,000 [a year].

Are there things that you can cut out? For instance, even life insurance. For a lot of people it’s a waste of money -- they don’t have dependents or a small business. Really look at where you can cut money -- is it cable television? Do you need that car?

Saving for your health

Keep in mind we're living longer. In our early retirement days we are going to be active and that’s where our money is going to go. But in our later years, a lot of our money is going to go to health care. A lot of people don’t really think about health care costs and embedding that into their savings.

If you have access to a health savings account consider saving bits in it and let it grow over the years so that when you do retire, you have that nest egg for health care.

A lot of people assume that Medicare is paid for and all their medical expenses are going to be paid for, but actually the premium is deducted from your Social Security benefit so Medicare only covers about 60% of your health care costs, so it's really important to embed health care in your whole retirement savings plan.

Friday, 13 June 2014


Addin Smart Planners kini dikenali sebagai 
ASP adalah sebuah agency korporat di Maa Takaful dengan kod :T11111M (Team Work)

Saturday, 7 June 2014

Saturday, 24 May 2014

2014 Maa Takaful Sales Congress

Maa Takaful.....Setiap tahun Maa akan menganjurkan kongres jualan 2 hari 1 malam di hotel terpilih.Inilah gedung ilmu dimana Maa akan menjemput speaker2 dari dalam dan luar negara utk menyampaikan pembelajaran dalam bidang ini. bayaran yang yang dikenakan hanya rm 600 ~700 dan tolak dari komisyen selama 10 bulan...bagus bukan?

2014 Maa Takaful National Sales Congress

MAA takaful ;Launching of MAATAA
Me & committee members with ceo of maa takaful En. Salim Majid Zain