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 Post retirement plan survey

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TShoonanoo
post Sep 26 2025, 09:16 AM

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QUOTE(GravityFi3ld @ Sep 25 2025, 06:02 PM)
13 Years is a long time, but also easily come and go in the blink of an eye. Funny how time works. sweat.gif

Might just be me, but I'd suggest insurance agent.
Now hold your horses, I ain't askin' you to go knock on doors at the ripe young age of 60.
Inherit the portfolio/clientele from an existing agent who is quitting/retiring. Let them guide you in YOUR first year as they handover the portfolio to YOU. When that year is done, the portfolio is yours and you may only need to meet a few of the people, otherwise the rest you can send reminder for renewals - you don't need to seek NEW people unless you want to. It won't see you running around much, but does keep you occupied with some income  thumbsup.gif You could keep it up until you are satisfied, then let go to the next person  laugh.gif

One thing we're experiencing is the increase in peeps who are jobless once 60+, their mental capacity is just deteriorating if not kept occupied.
You can blame old age, genetic, food we eat, air we breathe, but the age old saying "An Idle Mind = Workshop of the *insert your own version of negative holy moly*", senang dementia/alzheimer - end up social life koyak cause cannot hold conversation / control temper.
Keep yourself occupied, doing a small thing is better than doing nothing (and no, doom scrolling for hours on end doesn't count!)  sweat.gif
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13 years is not a very long time, and it takes time to develop your post retirement career.

My advice is better do it now, before its too late.

A friend of mine was retrenched at 50, luckily he knew how to buy/sell land and do valuation. So he went to do this.

For eg, if let say you suddenly change boss or mgmt, they decided to fix u up, at least you have fall back plan. In case they do this to you at 55yo, you can fight in industrial court while doing your post retirement plan career.

I don't advise to do insurance agent, as a post retirement plan because clients want someone young, not an old guy to handle their insurance. Reason being, if anything happens to you, who is going to follow up or advise them?

Better start now, those career like tution needs a lot of time to research. I am planning to be maths tutor, it will take many years to master. Unless I want to do something like English tutor. Even for real estate, you need to build up your client list now but I prefer not to do real estate as they have quota, i don't have time for this.

This post has been edited by hoonanoo: Sep 26 2025, 09:16 AM
TShoonanoo
post Sep 26 2025, 09:18 AM

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QUOTE(Holocene @ Sep 25 2025, 05:45 PM)
+1 to Saitama.

Considering the Malaysian population as a whole, DIY research for financial products and awareness is not the norm.

So far it pays the bills la. Not too bad.
As you are considering it as a second career, you can take your time to hone your skills and build your advisory business.

A lot of successful licensed financial planners colleagues have a background in accounting, tax, finance, and engineering.
Best,
Jiansheng
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A lot of people have background in accounting and tax.

Its just me, I don't think I am suited for this area. I don't have the ideas for people to make more money by passive income.


TShoonanoo
post Sep 26 2025, 09:19 AM

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QUOTE(romuluz777 @ Sep 25 2025, 03:41 PM)
I actually meant to quit from the type of employment that we do when younger.
Upon retirement, its beneficial to do some part time gig at one's own leisure and pace and not be caught with the rat race regimes of KPIs, sales targets, that sort of crap. Of course one must not be a couch potato at home after retirement biggrin.gif
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for me tution biz is good. to build it up during our part time. Study first...pick up some revision books, if you can't master it, then hire tutors to train you as an investment.


romuluz777
post Sep 26 2025, 10:39 AM

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QUOTE(hoonanoo @ Sep 26 2025, 10:19 AM)
for me tution biz is good. to build it up during our part time. Study first...pick up some revision books, if you can't master it, then hire tutors to train you as an investment.
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Soinds like a good plan👍🏿
GravityFi3ld
post Sep 26 2025, 02:16 PM

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QUOTE(hoonanoo @ Sep 26 2025, 09:16 AM)
13 years is not a very long time, and it takes time to develop your post retirement career.

My advice is better do it now, before its too late.

A friend of mine was retrenched at 50, luckily he knew how to buy/sell land and do valuation. So he went to do this.

For eg, if let say you suddenly change boss or mgmt, they decided to fix u up, at least you have fall back plan. In case they do this to you at 55yo, you can fight in industrial court while doing your post retirement plan career.

I don't advise to do insurance agent, as a post retirement plan because clients want someone young, not an old guy to handle their insurance. Reason being, if anything happens to you, who is going to follow up or advise them?

Better start now, those career like tution needs a lot of time to research. I am planning to be maths tutor, it will take many years to master. Unless I want to do something like English tutor. Even for real estate, you need to build up your client list now but I prefer not to do real estate as they have quota, i don't have time for this.
*
ah! you've found a path, that's great! you even have a back-up ready, if math doesn't make the cut, you can pivot to English! thumbsup.gif
TShoonanoo
post Sep 26 2025, 02:22 PM

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QUOTE(GravityFi3ld @ Sep 26 2025, 02:16 PM)
ah! you've found a path, that's great! you even have a back-up ready, if math doesn't make the cut, you can pivot to English!  thumbsup.gif
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not easy, it takes years to master
Matatai
post Sep 26 2025, 11:52 PM

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QUOTE(Roadwarrior1337 @ Sep 24 2025, 09:35 AM)
Friend

It’s not about the money. It’s about the time that u have to spend as well

After years of working and your first 1 month of retirement is considered a rest month. Month 2 kena anxiety like dono what to do and become restless, month 3 onward u either become couch potato and get dimentia or sickness
Human need to keep mind always active. So we got to find something that can simulate the brain daily basis
I’m rooting to either be a kindy teacher, grab driver or open a small stall to sell Briyani ( depend on my energy when I retire due to the work to prepare)
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My parents now go lepak kopitiam,warung everyday.
They plowed the empty plot also, now we got free veges and fruits.
They taking trips twice a year now.
If only to move around and be active, getting a job might not be the best idea
abelyap
post Sep 27 2025, 06:02 AM

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QUOTE(hoonanoo @ Sep 25 2025, 11:16 AM)
of course not my current employment lah. I earn much more than that.

I saw more friend doing tution, I think its possible.

For eg, he wakes up at 3pm, then 5pm until 10pm do one-to-one tution. Let say he earns 500/day during weekday.

2500/week. 10,000 a month. And that's not even inclusive of weekend.

Then weekend let say if he teaches 7 hours, that's another 1400 for weekend x 4 = 5600

he could make up to 15600 a month

but no life lah.
*
That is no longer retirement..... 5 hours a day with fixed time


abelyap
post Sep 27 2025, 06:04 AM

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QUOTE(hoonanoo @ Sep 25 2025, 04:12 PM)
it is easy said than done.

If you're alone its easy but if you have a family to take care, its stressful.
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13 years down the road ur kids should all above 18yo. Likely finished uni and start working, ur expenses would be trimmed by then
saiga
post Sep 27 2025, 10:18 AM

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QUOTE(heinlein @ Sep 24 2025, 09:34 AM)
I wish to know too. With my current celery, there's no way I can sustain at retired age
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First you need to cut the spending and live within your means.

Most people have good income but trapped in debt. I did the same mistake when I was younger so now cutting down on my spending.

Second, avoid getting new debt (e.g. car loan, latest phone). I've read and watched over and over again a lot of people boosting about buying new 100-200K car to save on petrol or maintenance cost on current car.

Unker personally working towards settling my house loan before I reach 55. If you are debt free when retired you should be fine. Dont be like some people that take house loan until 65-70 years old. Crazy.

This post has been edited by saiga: Sep 27 2025, 10:18 AM
heinlein
post Sep 27 2025, 02:57 PM

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QUOTE(saiga @ Sep 27 2025, 10:18 AM)
First you need to cut the spending and live within your means.

Most people have good income but trapped in debt. I did the same mistake when I was younger so now cutting down on my spending.

Second, avoid getting new debt (e.g. car loan, latest phone). I've read and watched over and over again a lot of people boosting about buying new 100-200K car to save on petrol or maintenance cost on current car.

Unker personally working towards settling my house loan before I reach 55. If you are debt free when retired you should be fine. Dont be like some people that take house loan until 65-70 years old. Crazy.
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I didnt earn much and didnt get loan, dun even hv house and car
submergedx
post Sep 28 2025, 11:32 AM

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i'll buy one 11 luxury MPV like Staria or Carnival to fetch school kids when im retire

fongsk
post Sep 28 2025, 12:04 PM

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One of my former colleagues took a local tour guide license. And he targeted tourists who are retirees as his customers because these group of people are more interested in nature and not highly stressed activities. I think he just need to take a test to be a local tourist guide. He was doing well. He died of heart attack many years ago.

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