{"id":31695,"date":"2017-10-20T19:55:47","date_gmt":"2017-10-20T11:55:47","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=31695"},"modified":"2019-12-03T10:16:06","modified_gmt":"2019-12-03T02:16:06","slug":"young-malaysians-investments","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments","title":{"rendered":"EPF: Young Malaysians Urged To Start Diversifying Investments"},"content":{"rendered":"<p>Malaysians aged of 16-35 are urged to diversify their investments and savings to avoid having an insufficient retirement fund.<\/p>\n<p>This is especially based on the statistics provided by the Employees Provident Fund (EPF), 64% of its members that are aged 54 had less than RM50,000 in their retirement account. This amount would only last four years beyond their retirement, at the rate of RM950 a month for expenses.<\/p>\n<p>Given this rather alarming situation, EPF is urging Generations Y (21-35 years) and Z (16-20 years), who constitute more than 50% of members, to reflect on their retirement plan, and they are also promoting its Retirement Advisory Service (RAS) to advise and help them protect savings.<\/p>\n<p>EPF Petaling Jaya RAS adviser Mogana Murugan pointed out that the basic savings amount is set according to age and that members should have at least RM228,000 (or RM950 for monthly expenses for 20 years) in their EPF account by age 55.<\/p>\n<p>She added that only 21% or 2.9 million of members had sufficient basic savings based on their age, and contributors were encouraged to engage with financial consultants in considering various investments, and not just depend on the pension fund.<\/p>\n<p><a href=\"http:\/\/www.themalaymailonline.com\/malaysia\/article\/epf-gen-y-z-should-consider-diversifying-investments#b3E550ZtP4k7V50C.97\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time to start thinking about retirement seriously!<\/p>\n","protected":false},"author":38,"featured_media":26406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,216,240],"tags":[340],"class_list":["post-31695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-news-updates","category-retirement-planning","tag-epf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Young Malaysians Should Start Considering Diversifying Investments<\/title>\n<meta name=\"description\" content=\"Gen Y and Z Malaysians have been urged to diversify their investments to prepare them for retirement in the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EPF: Young Malaysians Urged To Start Diversifying Investments\" \/>\n<meta property=\"og:description\" content=\"Time to start thinking about retirement seriously!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-20T11:55:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-03T02:16:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michelle Brohier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michelle Brohier\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments\",\"url\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments\",\"name\":\"Young Malaysians Should Start Considering Diversifying Investments\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg\",\"datePublished\":\"2017-10-20T11:55:47+00:00\",\"dateModified\":\"2019-12-03T02:16:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7bb328394e696a38cd91a2366b57de5\"},\"description\":\"Gen Y and Z Malaysians have been urged to diversify their investments to prepare them for retirement in the future.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg\",\"width\":800,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EPF: Young Malaysians Urged To Start Diversifying Investments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7bb328394e696a38cd91a2366b57de5\",\"name\":\"Michelle Brohier\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/787444702a9654e0343e1de3446b8bdb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/787444702a9654e0343e1de3446b8bdb?s=96&d=mm&r=g\",\"caption\":\"Michelle Brohier\"},\"url\":\"https:\/\/www.imoney.my\/articles\/author\/mjbrohier\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Young Malaysians Should Start Considering Diversifying Investments","description":"Gen Y and Z Malaysians have been urged to diversify their investments to prepare them for retirement in the future.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments","og_locale":"en_US","og_type":"article","og_title":"EPF: Young Malaysians Urged To Start Diversifying Investments","og_description":"Time to start thinking about retirement seriously!","og_url":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments","og_site_name":"iMoney Malaysia","article_published_time":"2017-10-20T11:55:47+00:00","article_modified_time":"2019-12-03T02:16:06+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg","type":"image\/jpeg"}],"author":"Michelle Brohier","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Michelle Brohier","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments","url":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments","name":"Young Malaysians Should Start Considering Diversifying Investments","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg","datePublished":"2017-10-20T11:55:47+00:00","dateModified":"2019-12-03T02:16:06+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7bb328394e696a38cd91a2366b57de5"},"description":"Gen Y and Z Malaysians have been urged to diversify their investments to prepare them for retirement in the future.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/young-malaysians-investments"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#primaryimage","url":"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2016\/10\/epf_thecoverage21.jpg","width":800,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/young-malaysians-investments#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"EPF: Young Malaysians Urged To Start Diversifying Investments"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7bb328394e696a38cd91a2366b57de5","name":"Michelle Brohier","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/787444702a9654e0343e1de3446b8bdb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/787444702a9654e0343e1de3446b8bdb?s=96&d=mm&r=g","caption":"Michelle Brohier"},"url":"https:\/\/www.imoney.my\/articles\/author\/mjbrohier"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/31695"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=31695"}],"version-history":[{"count":1,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/31695\/revisions"}],"predecessor-version":[{"id":31696,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/31695\/revisions\/31696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/26406"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=31695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=31695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=31695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}