Thursday, June 22, 2023

Reviewing my retirement fund

 With the economy looking bleak and I'm on my way to quit my job, I need to assess and review my fund position.

My plan is to tender my resignation on 1 Jan 2025 so I have about 18 months from today. I try to have savings of RM240k by that time so I can get the dividend of  RM12k (RM1k per month). However with current position, I'm still short 82k even if I do the following:

  • Change contribution RM1,000 from PIOF (unit trust) to ASB which increases ASB contribution from RM200 to RM1,200.
  • Take RM900 from EVO rental income and increase Tabung Haji contribution from RM300 to RM1,200


Yep, definitely need to find alternative source of income!

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