Private Retirement Scheme Started?
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 Nov 18 2013, 12:53 AM
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#1
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Senior Member
1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~ 
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I would like to ask for an opinion here, why not go for insurance companies retirement plans?
For example, GE's Great Retirement Plan? It is a guaranteed return fund and would also get the tax relief of rm3k? |
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Nov 18 2013, 05:31 PM
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#2
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Senior Member
1,770 posts Joined: Dec 2010 From: ~Where White Knights in Shining Armour Unite~
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QUOTE(felixmask @ Nov 18 2013, 09:29 AM) GE not part of PRS provider. Yeah, that's right. Just thought that the 3k income tax relief would make GE's plan worthwhile too. But it's a 10-15 years guaranteed returned plan though?Not mistaken only AIA & MANUFLIFE from Insurance.  QUOTE(xuzen @ Nov 18 2013, 10:37 AM) My reasons: Oh thanks for the your opinion! Much appreciate it. How bout going for those savings plan - for those who dont have a tendency to save money nor investing in stock market, UT, etc but just for the sake of allocating money every month. PRS would have more pros?I) Suckish IRR compare to PRS II) Too many complicated charges here and there i.e., not straight-forward. III) It is an annuity plan, macam pension... every month take the same amount until mati. No fun, no syiok. Boring aje. Inflation potong stim somemore. IV) I want to see money, lots of it... many zeros. I want to go Batam, Golok & Haadyai every month after I retire. The above are my reasons. Others may have different views. |
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