A good chunk of the retirement money went to renovating the man’s house and his daughter’s weddings.
But even when one retires, it’s important to practise money management skills as it is possible to exhaust one’s savings within a couple of years of retirement.
A good chunk of the retirement money went to renovating the man’s house which was reported to cost around RM200,000.The 64-year-old father of five explained that the house renovation was to ensure a comfortable home for his married children when they return home for festive seasons.He then forked another RM70,000 in 2016 and 2018 for his two daughters’ wedding ceremonies.
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