I think those with RM1mil+ should not have Acct3. The excess can withdraw dy so whats the  point of acct3z

so troublesome for us needing to transfer from 3 to 1/2 if indeed dividend is lower

Under EPF category...

T20 - is those with average balance of 280k above

There's around 3.2mil members fall under this so called T20 category

https://twitter.com/azha_nordin/status/1783...0042987/photo/1

Thats not T20 thats sophisticated investors definition.

EPF did one big mistake...

there's one UT fund that is excluded from the approved EPF Fund list...

if that UT is there. I think some won't withdraw & use outside totally

The UT fund performance is quite impressive... Good foreign exposure  :thumbsup:

ETF average at 18% + USD

epf how to compete?

So destined to demolition unless we migrate?

Many contributors don't know this retirement advisory services offered by EPF

https://www.kwsp.gov.my/support/retirement-advisory-service

You probably know that its not so straightforward easy.

Bear markets can be very brutal. Just happen that in the last couple of years, US equity bear markets have been rather mild. A lot of complacency as a result. No guarantees that such good times will continue in the future.
Worst performance for QQQ was 82% loss back in 2001-2002. If I get hit by even half of that for my retirement portfolio, my retirment plan will be toast.

In comparison, lowest epf return was positive 4.25%. The same year QQQ got negative 80%.

For me 1 million in EPF would be enough to frugally retire.

At 5% per annum dividend, that's RM50,000 per year - or around RM4166 per month.

Hopefully my wife also has EPF, that would help.

500k is nothing in EPF
Even 1 million is nothing
Not enough to retire with the current EPF dividend
We need at least 2.5 million to retire in Klang Valley so monthly you can spend about 10k for you and your dependent if you still have kids in school or uni after u retire

Good point there!
In fact, let's ask ourselves how many as of today had already achieved RM1m in their KWSP. It's below 5%

wah... this 2.5 million per pax... is that the value today, or value when one reach 60 years old?

yesterday reach 100k. just now tried 1k ok. dont know will.kena penalty or not. 🤐

Hope they will digitalise transfer from account 3 to account 2 soon.

your understanding might be different from mine.

Actually those total balance below RM50k, let them take all of it out. the rest above, keep inside.
these people already have poor planning.... they need to live now..not at 60

Pretty sure the number of contributors with total below RM50k is very little.

I think EPF really need to use their huge workforce maximum....

I mean, go out.

Do roadshow....
Explain to people on how EPF works...
Withdrawal 55 & 60