200k syiok lor..

I think that's the intent...

By then we long gone la....

With limited situational facts, given the 2% on dividends...assuming on EPF, that 2% translated to 0.1% actual reduction of dividends received.

RM 2,000,000.00 EPF at 5% dividends giving RM 100,000.00
Less 2% netting you RM 98,000.00
Nett you only have 4.9% dividends.

I stand corrected on the calculation

Yes I know… my earlier posting was directed to those in earlier discussion that worry of how the 2% impact if EPF is not excluded.

The comments from all these interviewed folks like a bunch of whiny immature bunch.

It's an option for the kwsp member. It's not a must.

If you can't trust your offspring, then you only have yourself to be blamed.

If you don't want it from your parent, then don't take it. Decline by all means.

I wonder how legit all these news contents and supposedly interviewed folks. It's like to spin some narratives...

Wonder why some of these article say always have these experts say there must be a cap on the contributions so not to be taken advantage by the rich.

Define rich and define how they taken advantage and have many financial means?
Or are they expecting EPF to shrink in size and hence will have better return as all these rich contributors are capped?

Do tell as I always ponder on such expert logic.

Indeed... when you reaches the desired state/numbers at certain age, one will shift to capital preservation mode, especially for those that risk averse.

Some aggressive folks may label such as cukup makan la, tidak apa.... but for me... while not everything in EPF, it does hold a largest split, EPF auto cruise dividend disbursement is like a monthly gaji buta when one hit retirement.... and if you withdraw less than the dividends, it is as if you have salary increment annually.... while still have all the epf key value....and I'm not greedy.....just hope it stay above 4%

This post has been edited by gamenoob: Nov 3 2024, 01:05 PM

At 5% annual increment with 5% EPF dividend, in 25yrs you have 1M with starting pay of 4350.

If one work from 25, he will have 1M at 50.

If he/she delay that gratification to 60yrs old he have 2.3M in EPF.

This exclude any extra contribution, other investment etc.

Problem is people can’t wait and buy in the BS EPF cheating la, scam la etc. since you withdraw it’s not your money and I want it now. The same old BS silly shat we hear from all these fools

This post has been edited by gamenoob: Nov 11 2024, 11:20 AM

36.5 yrs

You are right....
Honestly, such mechanics is no longer as easy as 2-3 decades ago where house prices was much more reasonable. Most house prices has gone up 3-4x last 20yrs and quite steep of ramping up too.

One now should aim for wip or prima housing as starter. First house unlikely to be forever home so start somewhere small but such are not cool....for the young gen nowadays

This post has been edited by gamenoob: Nov 12 2024, 08:27 AM

It's realised return for depositor dividends.... not just reported for the quarter

Can one shift between back and forth between conventional or shariah after a certain tenure or its a permanent thing?

Shariah no 2.5% guarantee?

Like that conventional for the win... all the way

This post has been edited by gamenoob: Nov 13 2024, 08:52 PM

See.... who say MY not high income earner....
And yet we have so many kpkb about not enough money, whining on fuel subsidy, ....

So maybe the govt is smartened up with all their data's and know the pain and cut is at...

Back to the point if topic, it's almost intentional if unable to hit RM1m after 30 yrs working....

The point is that there are high paying job out there, and the limit is one self... the issues never end and many countries facing it... on how to sustain retirement living

As for stats from Government on BMT, I resign to the fact that, you need to prepare for such inevitable outcome. Fuel subsidy is borrowed time, combined with relatively low tax rate, its a matter of time. Anyway, we digress...

We won't know how the mechanism of such... even if we know... you may not like or agree to it....

This post has been edited by gamenoob: Nov 19 2024, 08:08 AM

I uses this calculator all the time. Very good.

You should try the Saving Calculators instead of the Compound interest calculator as you can also do the withdrawal calculation to do estimate how long the funds last...

The fact that you can enjoy such investment beyond 75 on virtually risk free on your capital and still functioning as pseudo saving ATM... it's pretty damn good la

With this attitude, you also won't be touching it when you hit 55.

You will be very excited to see your principal growing with dividends annually...

And be a money hoarder... a good thing

Unlike you... I'm guilty of making several withdrawal for my houses to settled loan in 5yrs each.

But house prices gain much that I make more plus other investments which I need some fluidity. Maxing out the annual self contribution after I hit 50 and gotten wiser ever since with so many experienced folks on this thread on their thoughts. Partly redeeming my sin of earlier withdrawal ...

Moving forward not looking to touch the principle if I can.... only living off the dividends...

This post has been edited by gamenoob: Nov 23 2024, 06:39 PM

Either way it’s good la. You obviously have all the plan thought out and your 3.5M EPF will be a great tidy sum on top of your overall portfolios.

I presume your withdrawal is staggered over a long period or you plan to move it all to something else?

This post has been edited by gamenoob: Nov 24 2024, 06:57 PM