Malaysia-Ageing Gracefully: Financial Planning & Medical Care
We are proud to share that our Regional Managing Director, Raymond Wong was featured in Malay Mail on 7 August 2025, following his insightful session at the recent Bar Council – Twilight Talk on 1 August 2025.
Drawing from his personal journey of “positive ageing”, Raymond shared valuable insights and stressed the important of proactively preparing for life’s.
His key recommendations include:
- Buy medical insurance early: Don’t rely solely on employer-provided group coverage, which often lapse after age 65 or 70.
- Create a ‘Plan B’: Consider setting up a trust or legal structures to protect your financial wellbeing if you become mentally or physically incapacitated.
- Plan in stages: Structure your financial and care strategy according to age brackets: 60s, 70s, 80s, and beyond.
- Adopt “zero-based assumption” mindset: Prepare as if you are entirely responsible for your future care, avoiding dependence on family.
- Embrace “positive ageing”: Prepare to grow older and live longer than you may expect.
These valuable insights underscore that early, thoughtful, and intentional planning are the cornerstone of financial security and independence in later stage of life.
Read the full article here:
