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 EPF DIVIDEND, EPF

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cindelala^^
post Feb 16 2014, 08:16 PM

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so happy...hehe....
wil-i-am
post Feb 16 2014, 08:29 PM

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QUOTE(RO Player @ Feb 16 2014, 07:55 PM)
p/s : my income >200k.. according to /k standard...or else .. sweat.gif
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Doing own biz or wage earner?
foolc
post Feb 16 2014, 08:48 PM

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yahoooooooooooooo yahoooooooooooooooo

gooogleeeeeeeeeeeee googleeeeeeeeeeeeee



i got rm32k dividen


yahooooooooooooooooooooooooooooooooooooo
n0v1ce
post Feb 16 2014, 08:57 PM

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QUOTE(cindelala^^ @ Feb 16 2014, 08:16 PM)
so happy...hehe....
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happy for ?
dorothy2010
post Feb 17 2014, 09:15 AM

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YEAH 6.35% but I just started work, no much effect on my figure! Hiazzz
cybermaster98
post Feb 17 2014, 09:23 AM

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QUOTE(RO Player @ Feb 16 2014, 04:13 PM)
My EPF contribution in 2013 alone alrdy RM46,000... brows.gif

hope this year...target maxRM 60,000 or more less RM50k...

1st two months, alrdy accumulated this year..RM10k++  rolleyes.gif
Even though my contribution is more than yours but im not publicising it here. Common bro. doh.gif
cybpsych
post Feb 17 2014, 09:48 AM

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QUOTE(dorothy2010 @ Feb 17 2014, 09:15 AM)
YEAH 6.35% but I just started work, no much effect on my figure! Hiazzz
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nvm, jsut treat EPF as your veryyyyyyyy long-term saving account.

as their motto goes, savings for your golden age! tongue.gif

there are many types of withdrawal, once you've accumulated afters years in working.

http://www.kwsp.gov.my/portal/ms/web/kwsp/...-of-withdrawals
cfa28
post Feb 17 2014, 10:26 AM

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QUOTE(cybermaster98 @ Feb 17 2014, 09:23 AM)
Even though my contribution is more than yours but im not publicising it here. Common bro.  doh.gif
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Yep, Humility before all else
ShinG3e
post Feb 17 2014, 10:51 AM

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QUOTE(dorothy2010 @ Feb 17 2014, 09:15 AM)
YEAH 6.35% but I just started work, no much effect on my figure! Hiazzz
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slow and steady bro. sikit2 lama2 jadi bukit. brows.gif

everyone here started from scratch before they get 5 figure dividend from EPF. smile.gif
enkil
post Feb 17 2014, 10:27 PM

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Yup selowly selowly smile.gif
enkil
post Feb 17 2014, 10:38 PM

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Yup. This should be the way. thumbup.gif

QUOTE(wil-i-am @ Feb 16 2014, 10:45 AM)
U can't take total closing balance @ 31/12/2013 x 6.35%
Instead, total opening balance @ 1/1/2013 x 6.35%
Then, Jan 2013 contribution x 6.35% x 11 mths ony
Then, Feb 2013 contribution x 6.35% x 10 mths ony
The calculation follows 9 mths, 8 mths .......
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danmooncake
post Feb 18 2014, 12:07 AM

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QUOTE(ShinG3e @ Feb 17 2014, 10:51 AM)
slow and steady bro. sikit2 lama2 jadi bukit.  brows.gif

everyone here started from scratch before they get 5 figure dividend from EPF.  smile.gif
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If someone continues to contribute young (say if they start at 25) and work till early retirement (55).
Monthly salary of average 3K, 11% self, 12% employer contribution. avg 5.5% divi, including adjusting for inflation 3%.

They can achieve millionaire status (7 digits) in retirement fund by 55.

For those who already achieve their goal today (7 digits) in their fund,
they can live on the dividends alone with moderate lifestyle and leave the rest in there to continue
to collect the dividends every year.

So, slow and steady... everyone can reach their goal! thumbup.gif
prophetjul
post Feb 18 2014, 08:35 AM

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QUOTE(danmooncake @ Feb 18 2014, 12:07 AM)
If someone continues to contribute young (say if they start at 25) and work till early retirement (55).
Monthly salary of average 3K, 11% self, 12% employer contribution. avg 5.5% divi, including adjusting for inflation 3%.

They can achieve millionaire status (7 digits) in retirement fund by 55.

For those who already achieve their goal today (7 digits) in their fund,
they can live on the dividends alone with moderate lifestyle and leave the rest in there to continue
to collect the dividends every year.

So, slow and steady... everyone can reach their goal!  thumbup.gif
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Whats your assumed rate of salary growth?

Problem nowadays you may want to withdraw for house purchase. That's reduces the principal.
danmooncake
post Feb 18 2014, 09:21 AM

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QUOTE(prophetjul @ Feb 18 2014, 08:35 AM)
Whats your assumed rate of salary growth?

Problem nowadays you may want to withdraw for house purchase. That's reduces the principal.
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I assumed in line with inflation 3%..

No, NOT a single withdrawal for ANY purchase from the main account. If anyone wants to save for house purchase, he/she can open 2nd account and definitely can contribute now (self contribute or ask employer to help).
prophetjul
post Feb 18 2014, 09:25 AM

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QUOTE(danmooncake @ Feb 18 2014, 09:21 AM)
I assumed in line with inflation 3%..

No, NOT a single withdrawal for ANY purchase from the main account. If anyone wants to save for house purchase, he/she can open 2nd account and definitely can contribute now (self contribute or ask employer to help).
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Downside


In 30years, Rm1mil is worth Rm411,986 in today's value biggrin.gif
danmooncake
post Feb 18 2014, 09:32 AM

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QUOTE(prophetjul @ Feb 18 2014, 09:25 AM)
Downside
In 30years, Rm1mil is worth Rm411,986 in today's value    biggrin.gif
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Don't pour cold water lah!.. just tell 'em it is 7 digits with no decimal points! laugh.gif
ronnie
post Feb 18 2014, 09:32 AM

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QUOTE(prophetjul @ Feb 18 2014, 09:25 AM)
Downside
In 30years, Rm1mil is worth Rm411,986 in today's value    biggrin.gif
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But still a millionaire rclxms.gif
prophetjul
post Feb 18 2014, 09:39 AM

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QUOTE(danmooncake @ Feb 18 2014, 09:32 AM)
Don't pour cold water lah!..  just tell 'em it is 7 digits with no decimal points!  laugh.gif
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thumbup.gif

ALL GOODing!
prophetjul
post Feb 18 2014, 09:40 AM

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QUOTE(ronnie @ Feb 18 2014, 09:32 AM)
But still a millionaire  rclxms.gif
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Indon Rupiah? Billionaire?

biggrin.gif
xuzen
post Feb 18 2014, 10:18 AM

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QUOTE(xuzen @ Jan 13 2014, 11:24 AM)
Folks,

I gaze into my crystal ball and I predict the EPF distribution will be less than 6% in 2014. In fact I'll wager it to be around 5.5 to 6.0%.

If I am right, ask me again how I get this prediction.

Xuzen
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Hi folks,

I made this prediction in Jan-14. Looks like I am way off this time. The method that I use is immediate historical 10yr Standard Deviation and Linear Regression analysis and the result shows that EPF has been declaring above x1 Std-Dev. And also way above the regression line.

This, to my mathematical mind shows that it is going to get more and more difficult for EPF to continue this winning streak.

Xuzen

This post has been edited by xuzen: Feb 18 2014, 10:19 AM
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