Home Care Advisor

Ever wondered how much does it cost to retire in Malaysia? Find out and compare various scenarios below. Although the numbers and statistics are everywhere on the internet, we have compiled and organised the information accordingly (by type of retirement) in one place. The pricing information below is based on the published prices from various sources available on blogs, forums and the internet. Semi-independent living Say, you are ageing healthily and have no major complications but may need some assistance such as house chores, which involves hiring a maid. You have paid your mortgage and car loan and have no outstanding loans and debts and want to live a simple lifestyle. Here’s how much you’ll spend on average in a year in today’s value: English-speaking maid: RM1,400 X 12 months = RM16,800 Medical check-up at a private hospital: RM1,500 Medication & supplements: RM150 x 12 months = RM1,800 Annual premium for medical insurance: RM3,500 Groceries: RM700 x 12 mon...

FreeMalaysiaToday.com - Taking care of an aging loved one during their twilight years can be trying emotionally, physically and financially. It is a long, tedious and meticulous full-time job which many find themselves unprepared to undertake. But in a time when many are struggling to take care of their own nuclear families; it’s getting even harder to budget for the care of their aging parents. Private care for the elderly It is frowned upon in the Asian culture to send the elderly to a nursing home. However, not many realise that it is not easy to take care of an aging loved one who may require round the clock care or specialised medical attention. Very few will have the luxury of staying home full-time and for families with a single income, it might not be enough to cover the cost of caring for the elderly. Insurance rarely covers these costs. In the event that it does, the question still remains of how long it will continue to do so. Mrs Y, 55, took care of her aging parents ...