KUALA LUMPUR, Jan 6 (Bernama) -- Bursa Malaysia ended lower on Tuesday, with the key index slipping 0.45 per cent amid a lack of catalysts and mild profit-taking following recent gains, in contrast with regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.97 points to 1,672.35 from Monday’s close of 1,680.32. The benchmark index started the day 1.91 points lower at 1,678.41 and moved between 1,667.82 and 1,679.26 throughout the day. On the broader market, gainers beat losers by 624 to 506, while some 531 counters were unchanged, 988 untraded, and 11 suspended. Turnover improved to 2.66 billion units worth RM2.76 billion against Monday’s 2.53 billion units worth RM2.40 billion.
If you are on your own, you’re probably not saving enough for retirement. That’s the conclusion of a new study published this week by the National Bureau of Economic Research on retirement readiness from two researchers at the RAND Corporation, a non-profit research firm. In Economic Preparation for Retirement, Michael Hurd and Susann Rohwedder found that 51% of the single people in the group of 66-to-69 year olds they looked at had a strong possibility of running into serious financial troubles in retirement. By comparison, only 23% of the couples in the study were at risk of outliving their savings. The group with the most retirement risk? Women who had not completed a high school education. Of that group, 73% are likely to run out of cash before they die. Surprisingly, though, the study found that Americans are, on average, better prepared for retirement than many believe. The study looked at the finances of early baby boomers, who have recently retired or are near retirement. ...