The news say 1,6M members are contributing... so that average out rm8k+... still low...

1M EPF not enough la... some say you need at least 4-5M... then only can goyang telur for with monthly 20k expenses.

Depending on each person end game objective... I'm sure you would have paid off the house by the time you hit 55 or even better by 50.

Car loan for Malaysian is almost like tax and death ... can't run away... but one can always get a urban runabout like P2 ativa for nuts and it will run 10yrs easily.

Your other expenses seems reasonable at 4k albeit no idea of your household pax. Assuming just you and spouse when hit retirement, house should be fully paid, insurance accumulated good cash balance, kids education is done, then it's only 4k +2k car until kaput....plus inflation

Once you become empty nester, you can always downsize the house.... or swap house with kids. They started of with smaller dwelling which they bought... you guys swap over their smaller place while the financial ownership still remain the same until you kick the bucket or if your kid out pace you financially... you and spouse just downsize for real and enjoy to the max... as older you get... big house double storey can be a pain to upkeep... even go up and down.

Inflation are different for each individual plus as you aged, your living consumption dropped but your medical expenses will rise.

So you may not necessarily need that RM5M the combination is endless once your capital is adequately achieved...

While it's good to accumulate the pot now, don't forget to reward one self reasonably or adequately (everyone have their reasonable definition) along the way...

Thank goodness I settled mine before house price went stupid like 15 yrs ago. Most new landed properties in good location from 2010s gone double or triple in today price.

So assuming 700k mortgage, say 1M house with 300k DP. That is ordinary landed terrace house. One can choose condo but that eventually will depreciate after certain age... so used condo can be a cheaper retirement downsizing option ...

My plan was to settle the mortgage by the time I'm 45. That is 10yrs ago. House loan settled on 5th years right after the lock in period is up. Some will say that stupid of clearing mortgage so early plus the greatest sin of epf withdrawal too then...

But I made up for it the last few years by maxing out self contribution ..

I'm sure you on right trajectory for your FIRE

Couldn't say it better...

Trumpkampung is doing well... it's just up to his own preferences

Do tell of your rationale.....

What Sri Langka thingy got to do with EPF dividend and the performance/payout etc?

Folks

Did you all updated your KWSP app to version 3.7.3?

Was wondering any new functionality or issues etc.

Thanks bro.

Yes I'm aware of this talk. As much as I enjoy such good common sense reminder on living a balanced and holistic fulfilling life....

I 'm sure those individuals would have a different perspective if they are born into the opposite circumstances... like those on lower demographic categories.... they would be worrying their bread than love..


But then again, our earlier bro was referring to Sri Langkan situation...

This post has been edited by gamenoob: Feb 11 2025, 10:18 PM

The cost differences of these 4 locations indicate our bro have no less than RM5M

Hahaha ha...

No la I was on the thinking that if it 5.8%... it just meh hence just local trip or none. But if 6.2%... ie 0.4% more... at 5M, that is extra Rm20k, or RM2K, extra funds to jolly with family to Bangkok.

Not meant to blow whole amount wei. Don't think the folks in this group will be that reckless....

Maybe just me kiamsiap...unless the dividends are that extra good, won't be touching it soon for any vacation....

This post has been edited by gamenoob: Feb 12 2025, 02:44 PM

We can top other EPF from own EPF via i-akaun app where the 100k quota on recipient is also observed ya?

Btw, as epf contribution are monthly, how do they prorate the tenure/ aging for dividends calculation?... for example Dec 2024 contribution vs Jan 2024..... or they just take entire year 2024 x % ?

Basically one get full dividend even if the Dec contribution just 2-3 months away from dividends distribution as long as no withdrawal....

In savings like FD, you have to fork out entire sums upfront to have that annual interest.... and yet so many whine and b1tch at EPF cheat their money....

I have to re read your post few times to understand where the strong reaction come from... and yet your answer is exactly what i was seeking in my question to nexona88

You are correct in capturing my question.

My comment about some people whining about EPF cheating was in reference to those folks out there like wanting to withdraw their money before 55, complaining about low interest, all the limitations that epf has, epf ponzi etc..not able spend before they die, it's just a number on paper etc... etc ..

It wasnt referring to you... I have to reread back last few posting in case if anything on such that may triggered such reaction. My apology for such as it wasn't meant to your posting which about interest losses and EPF cheat etc. Timing of it is just aligned which trigger your reaction

Also based on his reply i was assuming one get the full 7.2k using your example assuming starting from zero. That not fair to him as the question wasn't clear to him that one started with zero in 2023 using your example. Hence I thought why epf so generous in that sense which also odd given what been discussed...

Given your explanation, the dividend to be announced payouts will be prorated for Jan to Dec 2024 contribution.

As for your posting on the actual day of interest losses from epf, it is what it is which we can't do anything of.

Hope that clarify. and thank you for answering my question with more clarity and details.

This post has been edited by gamenoob: Feb 22 2025, 07:54 PM

It's the Internet, in non verbal communication.. things bound to get misinterpreted... as for nexona88 bro, not his fault..just some unclarify facts which led to some assumptions on my part.

No pain on my part as long as it's understood my comment on cheating not on you.

We all good

No worry bro. Just some mis- assumption on my part. Your explanation all good.

Wonder why they hyping it up... driving up expectation is never a good thing... unless they truly have sure win numbers that exceed it.. not some measly one.....