Checklist for Retirement Planning

Are you ready for retirement?

Assets (bank deposits / investments / MPF or ORSO / properties)

Outstanding debts (mortgage loans / other instalments)

The amount of retirement capital needed (our Retirement Planner can help)

Expected monthly expenditures in retirement years

Understand social security available in Hong Kong, e.g. Old Age Living Allowance

Set investment objectives

Know the proportion of your investment assets (stock / bond / ETF / fund, etc.), bank deposits and cash

Set aside an emergency fund

Review the need for medical insurance for yourself and your family members

Consider keeping your company’s medical benefits after retirement

Understand the scope and amount of your insurance coverage

Review premium expenses of long-term and life insurance

Consider adjusting the payment period of your life insurance to pay up the policy before retirement

Review the performance of your funds over the last year

(For MPF only) Consolidate your personal accounts (if more than one) for easy management

Consider the need to adjust your investment portfolio according to personal or economic conditions

Ask your trustee how you can withdraw your funds or keep your account

Be proactive about your retirement planning