Checklist for Retirement Planning
Are you ready for retirement?
Do your math
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
Investment
Set investment objectives
Know the proportion of your investment assets (stock / bond / ETF / fund, etc.), bank deposits and cash
Set aside an emergency fund
Insurance
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
MPF / ORSO
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
7 Steps for Planning Your Retirement
Retirement Planner