MYTH 1 - EPF has me covered.
Nope. Unless you’re earning mega-bucks; your EPF won’t be enough.
- MYTH 2 - I am still young.
Saving young will give you more interest. Procrastinating never helps!
- MYTH 3 - I have savings.
Traditional savings account interest is super low. You need diverse investments.
- MYTH 4 - My children will take care of me.
Even filial children may not be able to afford to do so.
- MYTH 5 - I have insurance plans.
There are a lot insurance plans don’t cover. Like day-to-day living costs.