Dun 5% lah lolllll average 3% more reasonable….

Gov pension? No wonder everyone fights for iron rice bowl
I didn't know pensions are transferable.

average age is approx 85 off my head. so savings need to last 30 years from retirement age. better to withdrawl less than epf dividend and let it continue to compound due to inflation.
Once older might need care if not mobile. cost will go up.
will need more of live until 100

roti kosong...

Unker add dhall banjir, so the roti kembang....can keep Unker 'not hungry' longer.

Thank Unker for cost saving tips.

7% is this 2022-2023 mah….. averagely where got 7% if take 10-20years average….

So it will continue forever?

If spouse remarry, spouse die, then the remarried spouse remarry and dieded....can continue like this??? Hehehe

I dont think so

The impact on pension liabilities of Malaysian government pension scheme from remarriage due to removal of pension clause

In the event of death of any government employee, their monthly pension will be given to their widow and their child. The government will stop paying that pension when the widow died and when the widow chooses to remarry. However, in 1st January 2002, the remarriage clause has been removed from the regulations. This would allow all widows who remarried to receive pension as usual. In view of this, there are possibilities that those widows who are still young might remarried. If many of the widows choose to remarry, it will be a burden to the government as it would increase the pension liabilities. However, we do not know how many of the widow will remarry. In view of this, the purpose of the study is to assess the impact to pension liabilities of government pension schemes on individual life due to removal clause of the remarriage by determining the pension factor and to assess to what extent the pension liabilities of government pension schemes would be affected.

What I meant is...

Pension= A

A+B=Spouse...A dieded, transferred to B

B+C=B remarry C, B dieded...can transfer to C???

Haven't been following this thread. Anyone know:

If the epf loan is not paid, they just give their epf savings to the bank right? So can properly take loan and keep it and let the bank take the epf money... end up still a withdrawal right?

If it is super low risk why didn’t EPF manage themselves as we already knew that chances for defaults is high 🤦‍♀️

EPF is smart enough to transfer the risks to those banks who is offering the scheme

They didn’t think about defaults but only the returns in the 1st place hence why you got bashed 🤦‍♀️

that's the distinction between a person with experience and logic, vs others simply main tembak...

The "insurance" thingy is a small matter really.... based on how much is disbursed out as personal loan (last news was like 700 million ringgit type), it is nothing and any NPL can be absolved by the FIs in Malaysia. It is part and parcel of what a bank does.
... can even call it national service if wish to... 
But I am really glad that the creditor proof concept is still upheld... I would think many of us here would be very annoyed if it is not so... suddenly someone entity can go claim your funds in EPF due to some docs you signed...

banks giving fd 4.2-4.5%... it means they can earn more elsewhere taking on whatever risk... this epf plan they only earn 4.14%... more or less zero sum game... des why i say dun make sense...

anyways... lets see the final package... maybe they skin you somewhere else or get compensated by gov...

calculating effective interest rate is always not that straight forward
like you borrow 1200 for 12 months with the interest rate of 2.75% it really means that 1200 x 102.75% = RM1233 (33 is interest)
Then RM1233/12 = RM102.75 (monthly repayment) and end of the day in total you just paid RM33 as interest yet the effective interest rate is not 2.75% but higher.

can someone help me to count a simple effective interest rate?

the duration wont change the correlation between flat rate & effective rates.

Example flat rate 2.75% = 5.04 effective rate....this wont change no matter what is the duration...1 year, 5 year, 10 years....flat 2.75% alway = 5.04% effective rates

wow magic.....i tried 1 year & 10 year its same...so i thought its always the same...

But all other years is difference 

learn something new thanks.

Even if they can catch fire sale they are limited in terms of allocation as it has been set already not exceeding 30% for global equities 🤦‍♀️

yeap, agree with you.

hence why I mentioned we cannot have it both ways.... the "we" I meant rational participants in the financial market.

In all honesty, home loans is still very very cheap. Being charged like 4 to 6% is super cheap, and this behavior is quite a recent one since 1990s. That's why home prices shoot up so much.

The transition back to a world of scarce capital will be painful. FED may not be able to print unlimited amount of money this cycle.

repos (the one where central bank pumps money into the system) is a form of printing of money. that was what quantitative and qualitative easing been for.