Malaysians are living longer from the average life expectancy of 70.3 in 1990 to 74.1 in 2013 according to World Health Organization, healthcare needs, retirement needs and long-term elder care needs also see a corresponding increase and putting extra strain on retirement savings. So as we approach middle age, watching our parents’ health deteriorate with time is something most of us anticipate having to cope with. As such, with foresight and planning, elder care as well as your own financial well-being would be easier and you are also more prepared emotionally, physically and financially.
No matter what your circumstances, keeping your own life in balance is vital to any successful life. If you are clueless or having troubles planning or managing your finances, it is best to reach out to licensed financial planners to help you navigate the numbers and enable you to make informed decisions for a better financial well-being in future.
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