Don't care... as it is not guaranteed... that alone is a big deviation from EPF principle. If one wanted a more return they should explore the equity route domestic or foreign.

https://www.bernama.com/misc/rss/news.php?i...C%20Dec%2010%20

And the voluntary contribution hit RM11b

60 too young to shake leg anyway.... but it will have to be managed la on how they implement the 65....

Previously retirement age is 55. I think it’s easier to increase retirement age than the EPF act hence the 55 retirement was never changed. Rather you have that Alain Emas from 55 onwards which you can touch from 60 onwards.

Fuiyoh … that like YTD RM1.6M earning to have that 370k+ EPF contribution

Even minus off max 100k self contribution, that is RM1.1M YTD income

I think those that can hit 1m in EPF by mid 30s, they most likely hi income earner and likely more financial savvy with other financial instruments... at least looking at simple estimation. They probably are well diversified too... and epf may not be their big retirement stream.

I think those folks that come up with increased threshold idea above 1m withdrawal, would expected theses contributors to unlikely to make big withdrawal away... at least majority of them.

Very true.... money begets money... especially epf guaranteed principal and compounding dividends..... even at 5%....

Heck i even forecast my epf plan at 4%.... I'm not greedy. Anything more than 4% ....me happy camper.

Also for folks that at 50 onwards.... the last 10 years is the earning peak.... the coffer actual RM$ is increasing rapidly...

I'm OK if they increase retirement age to 65 as long as they leave acct emas alone as it is .... infact I'm topping up voluntary contribution

This post has been edited by gamenoob: Dec 18 2024, 11:17 AM

They can push it 65 or whatever as long as it’s not interfere with current 55/60 EPF access… 😅

I hope not...

Having said that, some expenses will drop. Car HP no more... I hope I can still drive enthusiastically when I'm 70. Probably max out at 75.

Medical cost and insurance coverage premium will increase...

I don't expect any new cost entry.... are there more beside the obvious scam etc..

This post has been edited by gamenoob: Dec 19 2024, 11:39 AM

Nice wei... that 330k plus self voluntary 100k = cool 430-450k increase annually ...

Why the notion that he being cheated? What you talking about the funds never see the light if day...that bollock....

Even without the new belanjawan, he can only touch them at 55 ... like 10yrs later since you said he is mid 40s.

And if new rule implemented, he may or may nor impacted but I'm sure he will hit 2M++ easy peasy in 10yrs.

So what the issues as I'm sure his epf is not only avenue he have given his current progress.

I guess that depends on the quantum... or you will regardless?

Hopefully we don't see it in our lifetime

Hehehe indeed

I hope not to touch it to max out the compounding......

Hotel California...

Some interesting details on breakdown of syariah vs conventional ratio.

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings:: https://theedgemalaysia.com/node/734488

Wah very happy liao if matching last year ...if really 6-..... 6.5%.... lagi stim

As long as they guarantee the 2.5% ..... could care less if it's white or black

Pay attention to older folks around if you have them,.... never know when they get swayed as they age.... dementia and brain fart risk are real....


I hope I don't get into such when my time come....

80s chap fan is like Rm1ish.. for 2 vege 1 meat. Rarely above 1.5

My primary school day. Mid 70s. nasi lemak bungkus is RM0.10 at school.. the same one that cost RM2 today.

We have school feed program where the school provide free meal for the needy. Some time mee Goreng, nasi Goreng, or rice with vege and tofu...

My fave wanton mee is RM0.90 ... double mee is RM1.1



This post has been edited by gamenoob: Feb 4 2025, 09:05 AM