People need enough funds for their care in old age and the cost of staying in a day car centre’s single room would incur an estimated monthly fee of RM4000, amounting to RM48 000 a year.
Can your retirement plan roll with the punches from healthcare costs or will it suffer a knock-out in the first round? Can it survive a stroke or a heart attack? Or will it be wrecked by unexpected conditions that require long-term care such as cancer or Alzheimer’s Disease? Source: IMoney.my, March 15, 2016
Retirement planning is one of the most important financial goals one will undertake and the stakes couldn’t be higher. Just a couple of missteps can change your joyful golden years to poverty, dependence and penny-pinching years.