4m in EPF only or 4m in total assets all in ?

EPF Rm4mil Other RM4mil

Your cup overrunneth. 

In order for some of this confidence to rub off on others, Amir Hamzah has disclosed plans to harness about RM1.8 trillion in liquidity to invigorate growth and bolster structural reforms outlined in the Ekonomi Madani framework. “Malaysia is a country with a wealth of liquidity. The biggest holders of liquidity are government-linked investment companies (GLICs) — the Employees Provident Fund (EPF), Khazanah Nasional Bhd, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Permodalan Nasional Bhd (PNB), Lembaga Tabung Haji (LTH) and Lembaga Tabung Angkatan Tentera (LTAT). They have [a combined assets under management (AUM)] of RM1.8 trillion.

“If [they are better able] to deploy that liquidity, they [can] become another engine of domestic direct investment (DDI) growth for Malaysia. So, the Ministry of Finance is trying to orchestrate a mechanism where we work with the GLICs to explore opportunities for them to revitalise the economy,” says Amir Hamzah, who was CEO of EPF before being sworn in as senator in December 2023 to assume his current role.

Set target 4 million even if we missed we won't miss by a lot so don't set 1 M from now onwards

Everybody - 4M is the new target for retirement

If everyone work till 65 then there is no more life
Best is to just work till 50 or 55 so you can spend another 10 or 20 years of your balance life to do something you like provided you are still healthy

Three Malaysian entities - the Employees Provident Fund (EPF), Sime Darby Property, and SP Setia are likely to shoulder losses of some RM250 million a quarter or RM1 billion a year from a five-year rental guarantee at the iconic Battersea development in London.

Actually if just based on these figures...EPF dividend is actually dropping?

Sourced from
https://ringgitplus.com/en/blog/personal-fi...dend-rates.html

Do you meant those dividend rate as in that chart are not real?

“After netting off the inflation rate, the real dividend for Simpanan Konvensional was 2.89% and 2.51% for Simpanan Shariah on a rolling three-year basis (2021-2023), exceeding the EPF’s strategic target of at least 2% real dividend over the same period.

Expecting dividends rates on account 3 to be lower moving forward???

So better prepared early?

EPF won't give advance notice one...

Declaration time only says... Ohhh since account 3 is highly liquid... We cannot give same rates as others 2 EPF account 😁

I think I understand what you mean. If savings >RM 1 million then you can freely withdraw and (within 100k limit p.a. if below 55) top-up. Otherwise you are limited to Account3 as CASA which makes topping up difficult since only 10% reach your CASA account that way.

For > RM 1M it seems like a way better option than regular FD in bank especially since it comes with extra layer of protection. I am planning to do that from this year on as well.

i know not everyone has crystal ball.... so what i know is EPF guarantees 2.5% dividend yearly right?

for our own financial planning, is it safe to assume that we can get around 5 or 5.5% dividend yearly?

what do you guys think will be a good retirement number to have in EPF account? 1.5mil? 1mil? 2mil?

I CAN! 

hmm, but 1.5mil with 5% return is 75k not 96k.

At 3% inflation, in 20yrs that 20k a  month is 35k....which in many aspects may not be in real situations unless this person still consume at same level and quantum as he is 20 yrs younger...
.
Or at 15k, it will last 35yrs

Hard to find data. Someone pls..

You cannot compare like that. Why? Majority of FD in Singapore before 2020 was giving like 1%p.a in interest. Want to compare, compare with CPF or if you want closer comparison, compare EPF with Singapore banks. Of course people say can't compare stocks with EPF.

Someone showed before that the RM depreciate by 2-3%p.a Vs the SGD for the past 30 years.

Actually I would say never trust Unit Trust agents. You can invest in Unit Trust but go study and DIY because nowadays can even have 0% charge.

240K at 55 memang tak cukup in 2 decades from now. Its akin to living hand to mouth to leg.
Habis liao

else how to justify pushing retirement age higher...
and justifying the idea of keeping your funds in epf post 60 years old... with enforced annuities if they can...
and justify that majority of people (poor poor B40 and M40... the real definition of majority rite?) are poor...

edit: some poor ktard apparently don't like the phrase majority to means something... so edit to explain clearly it is majority as B40 and M40 added is 80% of families/population in Malaysia