Monthly Archives: February 2016

5 Ways To Find A Positive Retirement Life

Like many facets of life, post-retirement has its highs and lows. One minute you’re bursting with energy and a ‘come-what-may’ attitude to take on the world, to paint the town red. The next, you are unable to handle the day and staying in bed seemingly the safer option. Transitioning into retirement can be difficult and overwhelming with the sudden amount of free time in your hands but if you resolve to take charge of it, you will have an easier time navigating its’ waters. Here are 5 tips on how you can find your ideal retirement lifestyle:

Take life by the reigns, set significant goals.

A full life is made of significant events and experiences. One of the most anticipated benefits of retirement is the freedom from never having to work again. Set goals that encourage you to move towards doing something positive and impactful, not merely being stress free. At the age of 71, Sir Ranulph Fiennes (cousin to actor Ralph Fiennes) finished a 6 day 256-km marathon through the Moroccan desert after surviving two heart attacks and a double bypass operation. He has made polar expeditions and travelled the world by its polar axis, financed by funds he earned from lectures about his expeditions. Like Sir Ranulph, you need to picture what you want your retirement to look like and go full steam ahead.

Visualise, pursue and expand your horizons.

Continually challenging yourself would inspire you to focus on living a healthy lifestyle and not just be there for the entertainment value. Since you’ve also developed skills from pre-retirement, you can use it to nurture your new interests. Take a page of Toni Innauer’s book. A former Olympic gold medallist ski-jumper, Toni Innauer was forced to retire after a serious injury. Building on talents he had previously nurtured, he took up studying psychology and sport science. Today he is a hugely successful ski-jumping trainer and is now a respected public voice in the sport.

Be patient; accept that there is a transition period.

Prior to retirement, you spent the majority of your time dedicated to your career and now that time is solely yours. Don’t be surprised or harsh on yourself if you have no idea what exactly to do initially. Reaching the stage where your time is fully optimised will take some trial and error before you arrive at the right cocktail of leisure-yet-purposeful activities. You don’t need to rush; progress into retirement at a comfortable pace and eventually you should be able to find your place in your new role.

Do it to enjoy it. Love what you do.

The urge to splurge your time can be tempting, especially during early retirement. But don’t make the mistake of overcommitting yourself before you have a chance to become familiar with your new lifestyle. You live only once and there are no second chances, so pursue your passions and savour it.

Just because you are retired it doesn’t automatically mean you are the available babysitting service. If quality time with your grandchildren is what you want, good for you. Remember the purpose is to enjoy the experience.

Money can’t buy you love, but just about everything else.

Research states that people generally experience happiness later in life but if you want to ensure that state of mind, you should look into something that generates a reliable stream of income to replenish spent finances during retirement. A time will come where ageing is a constant companion and little things you used to do become a little more challenging. Nothing can damage happiness like a lack of funds to pay the mounting healthcare bills.

Retirement will have its ebbs and flows but how we choose to cope is up to us. With the right attitude and a little gusto; you can overcome the rough spots and steer your retirement towards the beginning of wonderful things to be.

 


 

 

Aged Care Group (ACG), an organisation engaged in the business of elevating and providing aged care services. Our vision is to innovate and transform the perception of ageing in Malaysia. For more information visit us at www.agedcare.com.my or contact us at 03 – 2142 1666.

 

First Published in Smart Investor | February 2016 | Issue 310

Launched a comprehensive plan in Malaysia for Retirement Care called CareTRUST™

Kuala Lumpur, 24 February 2016 – The Collaboration Agreement Signing Ceremony was held today between Kenanga Investment Bank, Managedcare and Rockwills® Trustee for the launch of CareTRUST™

CareTRUST is a living trust where an individual can set money aside to ensure provision of continuum care that is financially sustainable in the event of failing health and or long term retirement care.

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The aim of CareTRUST™ is to address the nation’s ageing demographics and to provide the public an effective solution for the administration of care. It embodies a shared vision among all three organisations to create an integrated framework that will spur a catalytic change in retirement and aged care that will elevate the industry to be on par with other regional countries.

Managedcare is the care administrator of CareTRUST™ and will be responsible to ensure the quality of care given to clients will be in sync with the client’s health needs and long-term care plan. CareTRUST™ shall be focusing on both the younger generation (GenY) as they need to plan from now for an effective retirement care plan as well the babyboomers who need such care plan now and the new future.

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According to Carol Yip, CEO of Managedcare, “There is a void to fill in the Malaysian financial planning space for sustainable retirement care. We believe that through the introduction of CareTRUST™, complemented with it unique characteristics of integrating various care services, we will narrow the gap and provide the type of care Malaysians are looking for. CareTRUST™ aims to address issues such as longevity risk, medical inflation, insufficient savings and high cost of living. The possibility of needing long-term care is very real as we move towards an ageing society. This collaboration sets a strong foundation to assist individuals in attaining sustainable financial affordability to purchase an array of quality care services.”

“KenWealth” by Kenanga Investment Bank Berhad as one of the collaborating partner is committed to providing sustainable retirement investment solutions to all Malaysians. Ismitz Matthew De Alwis, CEO of Kenanga Investors Berhad mentioned that this collaboration marks a new milestone for the retirement and aged care industry to fulfil the need for an integrated financial and healthcare framework especially for the ageing population.

Rockwills Trustee is the independent trustee for CareTRUST™ and is given custodial rights to manage the funds. As a Trustee they will safeguard the client’s interests by monitoring and disseminating the monies for care according to their client’s instructions.

For further enquiries regarding CareTRUST™ you can visit www.managedcare.com.my or send an email to info@managedcare.com.my.

Source: InfoMed, February 25, 2016

Managedcare Inks Collaboration Agreement with Rockwills®Trustee and Kenanga

CareTRUST™, A Living Trust For Your Care Needs

KUALA LUMPUR, 24 February 2016: – Managedcare Sdn Bhd (“Managedcare”), a wholly-owned subsidiary of Aged Care Group Sdn Bhd, today inked a Collaboration Agreement for the launch of CareTRUST™ with Rockwills Trustee Berhad (“Rockwills Trustee”) and the Wealth Management arm of Kenanga Investment Bank Berhad (“KenWealth”).

CareTRUST™ is a living trust where an individual’s monies are set aside to ensure provision of continuum care that is financially stable in the event of failing health and or long term retirement care. The collaboration aims to address the nation’s ageing demographics and to provide the public an effective solution for the administration of care. It embodies a shared vision among all three organisations to create an integrated framework that will spur a catalytic change in retirement and aged care that will elevate the industry to be on par with other regional countries.

As the Care Administrator for CareTRUST™, Managedcare will be responsible to ensure that the quality of care received is in sync with the client’s health and long-term care plan. They will coordinate, monitor and administer a variety of healthcare and service provisions to ensure optimum value of care for our clients’ overall wellbeing.

According to Carol Yip, CEO, Managedcare, “There is a void to fill in the Malaysian financial planning space for sustainable retirement care. We believe that through the introduction of CareTRUST™, complemented with its unique characteristics of integrating various care services, we will narrow the gap and provide the type of care Malaysians are looking for. CareTRUST™ aims to address issues such as longevity risk, medical inflation, insufficient savings and the high cost of living. The possibility of needing long-term care is very real as we move towards an ageing society. The collaboration sets a strong foundation to assist individuals in attaining sustainable financial affordability to purchase an array of quality care services.”

Ismitz Matthew De Alwis, CEO, Kenanga Investors Berhad speaking on behalf of KenWealth, “This collaboration marks a new milestone for the retirement and aged care industry to fulfil the need for an integrated financial and healthcare framework especially for the ageing population. At Kenanga, we are committed to providing sustainable retirement investment solutions to all Malaysians.

Rockwills Trustee is the independent trustee for CareTRUST™ and is given custodial rights to manage the funds. As a Trustee they will safeguard the client’s interests by monitoring and disseminating the monies for care according to their instructions.

CareTRUST™ encourages Malaysians to sustain a decent post retirement lifestyle and sufficient funding for their long term care needs. With an ageing population, the imminent growth of the retirement and aged care industry makes it an attractive endeavor. For organisations and individuals who are interested to participate in this ecosystem which offers tangible opportunities can engage Managedcare at info@managedcare.com.my.

For more information on CareTRUST™, please visit www.managedcare.com.my today.

For media assistance, please contact:

Managedcare Sdn Bhd
Corporate Affairs
Tel: 03-2142 7166
Email: Shalini@agedcare.com.my
Website: www.managedcare.com.my

K & N Kenanga Holdings Berhad
Group Marketing & Communications
Chuah Sze Phing / Tracy Anne Leong DID: +603 – 2079 1293 DID: +603 – 2079 1332
Email: szephingchuah@kenanga.com.my / Email: tracyleong@kenanga.com.my

 


 

About Managedcare Sdn Bhd

Managedcare is in the business of coordinating a variety of healthcare and long-term care services as well as the administration of these services to achieve optimum value in terms of quality and affordability.

We bring to market products and services that ease the provision and access to care, giving you the peace of mind you deserve. Our vision is to meet the growing demand of care at a price, quality and vicinity/locality that is sustainable for different income levels.

We strive to achieve our vision by providing a one stop platform that delivers information on health and aged care related services & products and maximising the provision of the client’s care in terms of cost efficacy, volume, delivery and intensity of services provided.

To know more about Managedcare, go to www.managedcare.com.my.

About Rockwills Trustee Berhad

Rockwills Trustee Berhad is a Trust Corporation incorporated in Malaysia and registered under the Trust Companies Act 1949. Rockwills Trustee is part of the Rockwills Group of Companies. We are committed in providing innovative, comprehensive and professional Estate Planning and Trustee services.
Today, Rockwills Trustee Berhad has more than 70,000 appointments as Executor and Trustee. We are currently managing about RM2 billion worth of assets under trust for our clients.

To know more about Rockwills Trustee Bhd, go to www.rockwills.com

About Kenanga Investment Bank Berhad

Kenanga Investment Bank is a one-stop solution centre offering equity broking and corporate advisory services and strategy to meet business and capital market needs. It is one of Malaysia’s top three stockbrokers*, the largest independent investment bank* by equity trading volume and value, as well as one of the top three brokerage houses in Malaysia.

Our clients enjoy:

  • convenience through more than 30 locations throughout Malaysia
  • one of the largest remisier network in the country
  • comprehensive financial products and services

We offer a wide range of products and services such as corporate and institutional coverage, corporate finance, debt capital markets, equity capital markets, corporate banking, Islamic finance, equity broking, equity derivatives and structured products, treasury as well as investment research and advisory services.

KenWealth is the Wealth Management division of Kenanga Investment Bank that enables the pursuit of financial security through careful strategic wealth management and planning. KenWealth aims to offer a myriad of options, flexible financial planning solutions, and access to a comprehensive range of products as well as tailored financial advisory services.

To know more about KenWealth, visit www.kenwealth.com

* based on 2015 year to date Bursa Malaysia’s Participating Organisations Trading Summary

CareTRUST™ Eyes Beyond 10 Pct Of Aging Population – Kenanga

KUALA LUMPUR, Feb 24 (Bernama) — “CareTRUST™”, Malaysia’s first living trust for retirement, could attract more than 10 per cent of aging Malaysia’s population as subscribers by 2020, Kenanga Investors Bhd Executive Director/Chief Executive Officer, Ismitz Matthew De Alwis said.

The retirement investment solution has a great potential to garner strong demand as the elderly population that expected to increase to 10 per cent by 2020, while other prospective clients in the 40s to 50s will also be targeted, he said.

“For everybody to embrace the whole thing will take time. Right now we are encouraging more participations in the ecosystem in order to have a more established retirement industry.

“In the next three to five years, there would be more connectivity and more stakeholders and players are expected to join the industry,” he told reporters after the launch of ‘CareTRUST™’ here today.

Matthew earlier represented Wealth Management arm of Kenanga Investment Bank Bhd (KenWealth), inked a collaboration agreement with Managedcare Sdn Bhd and Rockwills Trustee Bhd at the launch of the scheme.

Under the tripartite agreement, the fund will be parked at KenWealth, while Managedcare will act as the care administrator, and estate planning specialist Rockwills will serve as the independent trustee.

“This collaboration marks a new milestone for the retirement and aged industry to fulfill the need for an integrated financial and healthcare framework, especially for the ageing population.

“In years to come, the retirement industry can become another new industry with a double-digit growth, with subsector like property and nursing to benefit, and soon there could be more structured nursing homes,” Matthew said.

Source: BERNAMA

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