do it the other way, reward people to save for retirement

I will buy a cheesecake to celebrate

this is 100% true.

focusing on your 100k geneating 6k a year, is not as exciting as having another income that can generate 30k a year for example. i agree.

That's the way to enjoy life 👍🏻

55 yo 2.4 mil is a very good comfortable level. Around 10k dividend to spend a month.

double triple check everything. later the guy above gets extra 0, how? i would rather be safe than a rushed work.

next time should just announced 7 days.

i used 120k of my epf to clear my house loan and thats why i could clear my house loan in 3 yrs.

now i can easily throw in more into epf... without the burden of a monthly payment that last 30 years

5% vs 4% is the answer, but subjective wise, it brings me more peace clearing house loan than seeing epf number grow and i hate the feeling to having to pay monthly installment


800k house loan is a big amount, over 4k/mth payment? reduce that, assuming your acc is flexi loan, will right away decrease your interest payment.

Yes. It would delay my target by one year, in exchange of 30 years of peace, is ok.

I'm a very frugal person. I don't see epf as a fund I can never touch but more like a fund I force myself to contribute, 99.5% can't touch it, and only use during important event such as clearing housing loan.

Well said. I'm sure there's math behind it. But sometimes how do you put a price tag to sleeping well at night without being an interest payment debt owner. Not everything has number to it.

Should epf be only used after 50 or 55? Nah. What fun is there if it can't help paying off one of the biggest purchase of our lives during early years.

EPF end of the day need to be used. Assuming I don't take out suffer for 30yrs, pay 2x of house loan including interest, what fun is there in life.

Also first 3 to 5 years, you're mainly paying interest first. 80% interest and 20% capital, you're not really losing money but save 25 to 27 years of interest payment.

Feels super good. Yes.

This post has been edited by gashout: Nov 22 2023, 08:04 AM

Just throw money in. Basically you owe them nothing and they can't charge you any interest. They red eye.

They bengang. Ask me close acc fast fast. But cannot. I paid so much fee for that loan agreement. I can always take out those extra cash park into other areas if I want.

What industry is that? Epf got 2 to 3 mil at age 40.

100% salary contribution to epf is it

1.01mil maybe

Fuzzy T1 here asking for advice 😵

Depends on goals, objectives and distribution of low risk, mid risk, high risk, short term, mid term, long term, local, and international exposure factors..

To your q, I personally would.

So the 5-8% is for salary and operational cost?

Does epf publish how much those management team get paid

you reward good behaviors, and punish bad beheviors.

You won't be punished if you are poor and have lower celery but those who withdraw will have lower dividend,

so people will think hard if they want to withdraw, because they are consequences to it.

that is how it should be.

because there is opportunity cost for the rich, to get 6% when they could have gotten more elsewhere.

and they ensure the war chest has enough fund to make good investment.

of course should be rewarded.

If you're in government, they do offer very cheap personal loan.

Yes. You can then do that to put into epf. It's good debt. Meaning it gives you free money every month. I'm doing that atm.

You just need to make sure you've enough buffer to pay off the loan the next 5-10 years

Some people may think additional 1% is nothing. Put check the compounding chart of a 6% vs a 7% then see what difference it makes if you put long term.

And epf is a long term game.

from banks, different products have different rates, all in all, it's a good debt for me.

not difficult to calculate,

ask agent to give you a chart, if you are paying back in 10 years, then do amount x 120 months. it does float like how house loan is if BLR goes up or down.

i took personal loan for epf. as i calculated over 10 years, the interest payment is only 27% of the capital.

at 6%, epf will double every 12 years, so my return after 10 years will be more than 27%.



i calculated.

100k in epf for 10 years becomes 179k, personal loan total payment after 10 years is 127k = free 52k in that 10 years.

This post has been edited by gashout: Nov 30 2023, 03:44 PM

100k was an example.

mine was more than 3 years ago. forgot the rate, i know over 10 years, total payment is 127%

update: yes, around there

This post has been edited by gashout: Nov 30 2023, 03:54 PM