btw, EPF using their own definition of B40 and M40 and T20...

Boss...

The option features of transferring money from account 3 to account 1 & 2 already live or not???

Can't seem to find the button in i-akaun kwsp 😔

Reported or removed by Mod for off-topic? What is so butthurt about the definition?

agree with you about stats... that is math and numbers only.

however, the phrase B40, M40 and T20 was created by gov to mean something else, which basically most Malaysians understand it as such.
so... what does that mean? 

marketing gimmick at its best.... if I am being generous.

If you are able to use EPF like CASA (i.e. above 1M) then yes this is an option. But you still bound to the 100k deposit limit p.a. for EPF

If you EPF is below 1M you will rely on Account 3 to recontribute to SSPN. If you have enough inside then no problem. However only 10% of the SSPN money you contribute will end in account 3, the rest wil go to 1&2.

I have been thinking about it but could not find a suitable way to really move all from SSPN to EPF (above 100k limit) without shooting myself in the foot. I also need some room for self contribution so for me I just keep the money in SSPN, their interest beats FD considering the real interest on my deposits is higher than the published rate due to tax deductable has to be factored in.

only if it is optional... not forced on all

borrowing from another thread. similar but not same. probably but not confirmed yet.

She claimed the compounding effect accelerated her wealth accumulation, taking ten years to reach her first million but only three years for the second.

I think a lot of people miss this part. 10 years to reach first million. Which I guess if you start your career at 7-8k with an average bonus of 3 months + higher EPF + high increament (given she hit RM50k salary after 10 years), it is not impossible but obviously not the typical scenario.

Actually, dont need to keep analysing this to death

The formula has always been simple, there is no shortcut.

Save more, earn more, spend less. And the power of compounding. That's why i hate that 50 30 20 rule. Obviously they also didnt read psychology of money.

It revolves around this. I genuinely felt like the post went out of proportion because of the person was a female and 35. It probably would be forgotten if that person was a male.

Most fresh grad think about yay, let's buy a car. 12 years ago when i was a fresh grad, i think very hard how to not buy a car. Mindset need to change.

Of course luck plays a factor, right job, right industry but at the end of the day, you gotta still work hard.

Nothing to be jealous or wrong in saying about "tongkat"...
Because it's truth...

If one living expenses is being "supported" by others sources...  So you can just maximize your EPF monthly deduction to at least 70% to 75%.... And show off you got 2mil in EPF...

Only would gain my full  respect when you start from zero, your expenses is paid by yourself by monthly salary... And yet you managed to get 1mil in EPF... By mid 30...

Self contribution to the max yearly??

Your mandatory deduction percentage?? Standard one or higher??

are you still working currently? i am still trying to hit my 1 mil, so congrats on your big milestone 

and are you continuing to put fund in the us market given how hype the market is currently? i am thinking maybe i should load up my bullet first then attack later if we see some black swan event.

can we project with minimum pay of RM1750, dividend 5%, increment 5%
work till how man years before reaching RM1.0M?

so let just say you start at 24 then you work 36 years which means you will be 60 years old and finally you got your 1Million!!
so basically everyone can be a millionaire!

Which one needs to look at??

The most right side?? That have percentage?? Correct??

Then I see 1 year the payout is 105% yo...

So the payout ratio is the last one with percentage of 91%...

That's the only logical thing I see there....

One more round should be grateful