KUALA LUMPUR, Oct. 27 -- As the average life expectancy of Malaysians rise, the pressing question becomes whether they are equipped financially to live past retirement.

Based on Malaysia's latest official figures, babies born in 2026 are expected to live to 75.5, while a person aged 60 and 65 now are expected to live to 80.2 and 81.5 respectively.

In an interview with Malay Mail, licensed financial planner Rajen Devadason said, "But what are you going to do if you live to be 85, 90, 95, 100, 105?"

In planning for your retirement finances, Rajen said you could split your net income (after paying taxes) into three portions of about 33 per cent each:

"You should probably commit one third to pay your debts, try and accelerate that, get ri...