Retirement Wealth Adequacy Estimation Based on Income Group Classification: A Case Study in Malaysia
A. A. Adnan,
R. I. Alaudin,
A. M. Yaakob
et al.
Abstract:The inadequacy of retirement wealth can significantly impact a country’s social support system. The increase of the size of the elderly population in line with the constant growth of life expectancy among Malaysians has triggered a question, are there enough resources to cover needs in retirement years? The main objective of this study is to estimate the retirement income adequacy of future retirees under a defined contribution (DC) plan, which is the Employee Provident Fund (EPF). The projection of retirement… Show more
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