Now’s the time to relax and enjoy your golden years. Although you may not be earning from work anymore, it can still be helpful to keep separate accounts for saving and spending. This will help you manage your retirement budget, so that you don’t use up your savings too quickly.
Aside from your regular living expenses, you may also want current accounts for your retirement goals – such as travelling or practicing a new hobby – or even discretionary spending for your grandchildren. Check out CIMB’s senior savings accounts here and here.
Every individual is different, and the accounts you need at every life stage will be different from the ones your family and friends may need. With this guide, you can take the first step towards deciding what accounts suit your own lifestyle and goals.
This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve all our well-being. This, in turn, achieves CIMB’s purpose of advancing customers and society.