didnt notice anything change...

cannot remember if the i-saraan signup page pop up automatically after login.
oh, and it was quite slow and sluggish the website.

this one don't let me go in as of now...

i long time never used the old app, so don't know if this is new behavior or not.

agree... super agree... najib's time, all announce in Feb...
10 Feb 2018 announcement was 6.90%......

See... EPF is very good and is also thinking for those in the T20 and above...

This is why the EPF, with their all-knowing thought process and benevolent intentions, decided that the new limit should be RM 1.3 million before one can withdraw the excess, starting three years from this year.

Your calculation indicated 24 years to go up by 60%.... while EPF's calculation just needed 4 years to go up by 30%....

yeah, it does not (as of now, EPF never say anything about this part). But who knows and I dare not speculate.

yeah... but who knows...

remember a short while back, lotsa news about how epf should disallow members to take all out... and must have minimum in epf, effectively forcing retirees to take annuities?

so... who knows what may change in the future. even retirement age may not remain fixed at 60...

i think to be fair, should include a 3% salary inflation also... since malaysia gov nowadays seem so gung ho about minimum wage and adjusting min wage somehow...
then at 55 years old, should have more than 1 million ringgit.

either early 80s or late 70s???

earliest i can remember paying for my own food was in primary school standard 1... that also like 40 to 50 cent for a small bowl of noodle.

yeah, 5.5K pm for a family is too tight.... for single elderly person should be fine, especially if can get medical support from our nice kkm for 1rm ...

Unfortunately, some retirees may have no choice but to fully rely on kkm 1rme plan if the gov and bnm don't take stronger actions in curtailing the money grubbing practices of insurance firms and hospitals.
else, almost everyone above the age of 70 will just drop their medical card plans as premium will be sky-high and exceed a few K per month. (I recently learned that a friend was paying over 1.x K monthly for medical card ... just crazy)

If this trend continues, it will be super teruk for gov cos everyone will just go to GH for treatment

concur.... say 2 million in epf => 10K pm spending money
another 4 million invested elsewhere => another 20K pm to spend or reinvest....

30K rm pm of passive income... can be comfortable to luxurious for an elderly or 2 (spouse).

something like 80K active members have more than 1 million

if you are ok with working (either enjoy or neutral), then should work as long as you can.... would seem like a waste to just leave cash on the table in exchange of 5 years....

but the other flip side of things is everyone of us pretty much only has 80 years (or as i like to say 80 diamonds)... 30 diamonds vs 25 diamonds left is a difference of 20%. plus the final 10 to 5 diamonds are not as valuable vs the diamonds representing the age of 50 to 70.

I think by 55, can just call it retire already lar... not really fire'd...

maybe election is coming soon? wasn't there some threads about this yday?

2008 was like one of the greatest bubble burst... that also Epf was paying 4.5%

we should not be so negative and depressed to even look at that level for 2024 div...

yeah... who knows... later this round will inform us that reserve ratio is 80 for conventional while shariah is 100

I like your statement...

Let me ask you... open your wallet or ewallet or bank account... you pick whichever one... say one of them has 10K rm....
imagine now I take away 2K rm from it... u hype or jump or not?

haha

(u will understand when you realize that is the reserve ratio some of us are talking about)

wah... got 10 million, i think the wanton mee is not the cheap type.... michellin star level one.... 100rm each bowl can? haha

but yeah, its all down to the reserve ratio... that is my benchmark of how fair EPF is to current members.

I get your point and agree... my analogy definitely flawed, but just an attempt to introduce the concept.


Its similar to this real life story.
There was once during lunch, I tried to convince a ex-colleague to better allocate his cash position from current account to high yield savings....
and I purposely highlighted that on daily basis his bank is taking his money away. He just don't see it that way...

and the joke was he "refused" to belanja me the cheap hawker stall lunch despite me saying he is losing basically the same lunch money to the bank everyday.
ie he was ok for the bank to take his money everyday but not ok to belanja me for a day.

yeah, i myself experienced the same... my overseas portfolio is doing much better vs EPF's expected 6%. So, I am glad that i did my portfolio rebalancing last year and moved funds out from EPF.

What to do... EPF is a government body and some of us already noticed that over the past few years, gov been exerting more and more influence over it.

Nonetheless, it is still a great way to store ringgit cash wealth.