In many ways we are lucky that EPF inheritance are not taxable. Malaysia thus far have abolished inheritance tax although some quarters are trying to bring such up. And pension income or EPF gains are not taxable to the members… or are they “secretly taxed “ 😅 as I have no such info. Nonetheless it’s one less thing for retiree to worry about in Malaysia.

In UK and most western countries, such are taxable which is pain to the retirees.

This post has been edited by gamenoob: May 18 2025, 01:27 PM

If one were to look at the retirement age, the higher the number the better it is for the lazy politicians because chances of one reaping their fruits of labor drop exponentially by delaying that retirement age. Less thinking require to balance and plan the book for the country social financial net for aging population.

As much as I like to work until 60 as one earning peak, personally I have seen many around me and also looking at many news and numbers, many don't get to enjoy their retirement as planned when they delay their retirement (assuming one is financially prepared) beyond 60 especially in so called developed country where they are pushing beyond 65.

Looking at MY average life span is 77 (73 for male) and if you retire at 65, what sort of quality you get for next 8 years? Looking at local environments, economy and socio landscape, for me 60 is the max. 55-60 is the best time to call it a day for the rat race. Yes there are exception and outliers, so lets look at the general numbers across the population.

For me I'm aiming to quit within next few months as I'm 56 now. If I get to enjoy as much of what life is all about for next 20 years until 75, it would be great vs many slogging their life from 20-50s...trying to figure out where life destiny taking us and then you have those that barely enjoy their retirement and kaput.. And now we have lazy politicians just want to jack up to 65 and beyond because of some encounter they have. Opinions is easy and everyone have one ...

Its beyond the number, there must be a well thought plan on how to manage aging society. How to keep the old one healthy and productive (not just from making salary..etc) so less strain on the overall country fiscal and a long term plan on how to tackle the demographic changes.

Bumping up EPF minimum threshold, capping minimum amount for certain age etc, its just BS and ain't do jack as that is purely the depositor contribution. Kicking the can down the road only get you so far...

Having said that pretty sure they will amend the EPF to cater for such thoughts, it is inevitable. But how they go about it ie what age group, and what about those already retire midway from 55-60 etc.. ideally as CommodoreAmiga say, those that 10 years away like <40 ish would make sense as they have that 20+ years to make that preparation and transition vs those that >50 now.

This post has been edited by gamenoob: May 21 2025, 08:31 AM

Choy…
Eh how la it’s a good thing?

Thanks for the words…

Looking forward for the retirement while at the same time unnerving as we all been conditioned to slog the prime years away in exchange for good later life. One get exposed and train on how to make good career and hopefully building nest for old days but one hardly get the life lesson and exposure on how to transition to retirement….. It’s another learning curve beyond just the financial readiness. Exciting and unsettling simultaneously… 😅

Any changes is rocking the comfort zone. Did so many scenarios and simulation of different financial outcomes etc. one can only plan that far. And if all goes as expected without major calamity, it will last until 95 and then some. Sure staying on till 60 would built up more financial buffer but the toxicity and BS at the current level is very health damaging which I’m sure one have to pay for it one way the other.

The sad part is when I share my retirement intend with colleagues they all wish to do the same but the shackle of financial and material commitment and obligation render that into distance years.


For your classmate, good for him to achieve that before 55. 👍

This post has been edited by gamenoob: May 21 2025, 11:31 AM

Ah ok. Ok.

Sadly it is a life shackle for some

This post has been edited by gamenoob: May 21 2025, 11:33 AM

Exactly.... And the increase rates is to compensate the less take up rate and with moody downgrading on US ... That will be a fun ride.

Just short 5 years ago, these bonds were sold at less than 2%..... With weakening of us dollars... And all these delusional characters... Mad world. The biggest joke.. China can issue US dollar denominated bonds and sold off rapidly even at lower credit rating and lower rate....

Bro

As you mentioned EPF dividends is calculated on monthly
, what about the other way round when it is withdrawal.

I means it still monthly. I’m trying to figure out the excel table for it … 😅

One off as in those whenever irregular withdrawal ya?

The monthly you referring is those fix regular cycle?

If recall correctly someone mentioned they gotten back the credits for those fix monthly withdrawal

This post has been edited by gamenoob: May 28 2025, 01:04 PM

Dude,

You do you, let others do theirs.

You are in EPF dividend thread....

US Treasury or EPF is not be all end all. Its one of the option and no such thing as one perfect fits all solution....

Indeed. Seen some high earner that have no financial planning because money keep coming in. For them, they are invisible and untouchable....

Its only normal to adjust the threshold as lifespan increases, socio economic landscape become more complex subjected to ever far more external global market factors etc.

People forget less than 15 years ago MY retirement age was 55. It was amended to 60 in 2013. Company can kick your butt out the right after 55th birthday... With now moves to increase to 63/65 etc, its only normal some adjustments needed on EPF.

All these doomsayer didn't protest when EPF required 12% from employer.. surprise they didn't say that a ponzi and not their money....

EPF can't stay stagnant...

This post has been edited by gamenoob: Jul 3 2025, 04:24 PM

Exactly, they didn't amend the EPF to make 55 withdrawal disappear, it left as it is.

Even if they bump retirement age to 65, that is for employment control and legislation. The EPF one is different and probably will go through hell if anyone try to push that 55 full access away.

So what fear this bunch of doomsayer that been peddling over and over again for last few decades....

I akaun app down for maintenance today?

We been through this topic many times. That RM1m is not that difficult to hit if one stay the game from 25 to 60. The narratives spin by politicians and KWSP is drive some impression and lack a lot of clarity.

10m not easy la.... 1m is easy steady. 3-5m that is one stretch. Once you hit 5m, it seems easier forward... Just like those saying the first 100k saving is hardest

This post has been edited by gamenoob: Aug 6 2025, 09:06 PM

Congratulations

I support #1... I will shift my FD to it....

500k annual limit is a good start

Actually I'm not sure if the dividend earned on acct 55 will go to acct emas in totality or separated as it progress. I will find out soon enough next year.

During the acct 55 creation, I can see the dividends distributed in Feb 2025 prorated almost entirely to Acct 55.

Either way no impact as I already have full access to acct 55.

This post has been edited by gamenoob: Sep 14 2025, 11:08 AM

At the rate we going... Soon we will say we need 10m in EPF....

Just last 1-2 years ago we say 2-3 millions needed... Now it's hovering 5m....

Y'all really have fat retirement and buffering in layers of fat...

1990 chicken rice like $3
I can have chicken rice for $8 today

Again inflation are very personal... As some say many expenditures are distraction and not necessity. A lot are lifestyle driven.