so if im 58, and i have 2 mil when i reach 55, can i take the 2 mil out? or i need to wait till im 60.

2mil huh??

Sorry for being doubtful...

If indeed you have 2mil... You won't be asking all these

Because after 1mil, you can withdraw anytime the $$$(don't need 55yo), as long balance don't go below 1mil...

And you don't have to take all your acct 55. You can treat it almost as ATM while still enjoy the dividend until 100 yrs old.

As for Acct 60, think of it as 5yrs bond/FD when you are 55-60 yrs old.

Actually your last 5 yrs of 55-60 technically is your peak earning and should be sizeable earning even only 5 yrs. Say you earning 22k a month at 55 at 23% contribution, you would accumulate 340++K ..... that more than what majority of the members % that have less than 250k that always published by epf etc.

2mil huh??

Sorry for being doubtful...

If indeed you have 2mil... You won't be asking all these

Because after 1mil, you can withdraw anytime the $$$(don't need 55yo), as long balance don't go below 1mil...

I think maybe because he is also have the worry like me, the money will be locked there at until 60 years old, but got clarification that regardless of the age, as long as >1M, then the amount above the threshold can be withraw

Imo, if have 2 million in epf, your worries will be different. Not about access as this fact can be demonstrated very easily by doing withdrawals abv 1 million.
I can definitely confirm that above 1 million, u can access and no questions asked

I think maybe because he is also have the worry like me, the money will be locked there at until 60 years old, but got clarification that regardless of the age, as long as >1M, then the amount above the threshold can be withraw

And you don't have to take all your acct 55. You can treat it almost as ATM while still enjoy the dividend until 100 yrs old.

As for Acct 60, think of it as 5yrs bond/FD when you are 55-60 yrs old.

Actually your last 5 yrs of 55-60 technically is your peak earning and should be sizeable earning even only 5 yrs. Say you earning 22k a month at 55 at 23% contribution, you would accumulate 340++K ..... that more than what majority of the members % that have less than 250k that always published by epf etc.

based on what I seen so far, those continue to work after 55, normally with pay cut, many got retrench before that.
check the company you working with, how many now age between 55-60?

i work for global fmcg mnc, malaysia entity has 0 headcount between 55-60.

based on what I seen so far, those continue to work after 55, normally with pay cut, many got retrench before that.
check the company you working with, how many now age between 55-60?

i work for global fmcg mnc, malaysia entity has 0 headcount between 55-60.

Is it because your company can easily find cheaper replacement from within or outside of company?
2 persons >60yo that i know keep having contract extended with same benefits n without pay cut.

based on what I seen so far, those continue to work after 55, normally with pay cut, many got retrench before that.
check the company you working with, how many now age between 55-60?

i work for global fmcg mnc, malaysia entity has 0 headcount between 55-60.

I know my department got 1 wanting to retire but until today still no package. He is over 60

many still thinks that they can work till the age they choose. somehow people are very positive in that sense and thinks they are in control.

Really pity....company no policy for retirement or pension? Last time my company got some policies for pensions/gratuities etc.
The thing is as we grow older, many shit can happen especially health. Lance Riddick 60 RIP. Last year a member of my favorite JRock band also RIP at an even younger age of 55. A few years back, an ex classmate RIP....just barely 50 or younger .

Is it because your company can easily find cheaper replacement from within or outside of company?
2 persons >60yo that i know keep having contract extended with same benefits n without pay cut.

I think maybe because he is also have the worry like me, the money will be locked there at until 60 years old, but got clarification that regardless of the age, as long as >1M, then the amount above the threshold can be withraw

Imo, if have 2 million in epf, your worries will be different. Not about access as this fact can be demonstrated very easily by doing withdrawals abv 1 million.
I can definitely confirm that above 1 million, u can access and no questions asked

spot on 

if one have 2mil in epf, their risks, worries & investment strategies is different from those commoner B40 M20