haha...

that's why I complained earlier about this gov's heavy handed style to "baby" those who clearly do not need epf/gov to dictate their finance.

But many here do not agree and some even suggest that if not happy, can relinguish citizenship.

Hence I now suggest whether one should or need to complain is another story... haha...

have until Dec 2025 to decide to cut exposure down to bare min...

Epf just following the logic of their RIA framework.

Rm650k is considered adequate
RM390k is basic..survival only (60% of adequate)
RM1.3m is "enhanced" (double of adequate) comfy retirement.

So more than RM1.3m.is more than enough so one is free to withdraw.the excess.

bro, check it out yourself
real or fake..........
it is about  people before 55 yrs
complaining EPF moving goalposts
increasing limit RM1.1M, 1.2M, 1.3M

leading to fear mongering
money locked in EPF ,unsafe etc

Work so hard, save so much, invest wisely so your kids can FIRE 😆

Thats very wrong bro.

You need to relearn the habit of spending by
planning accordingly. One way is to split your remaining years into buckets of 5 years. You probably then realize that you dont have that many buckets left, and much fewer healthy buckets.

In each bucket than you plan what you want to do and what to spend on. The big ticket things.

that's why lor EPF already sounded that old members should keep their funds in EPF and let EPF safeguard the funds for them.... by converting into annuity that pays a fixed income per month.
EPF happy, the elderly also safer... lol

Thats the Singapore CPF model..above basic amount can be withdrawn at 55. The basic amount is frozen until 65 yo and then converted to annuity, providing basic income as long as the person is alive.

bro

itu kasi you takut saja lah......
dont  so fast go remove your money lo..

you think it will happen?

EPF Act allows it to become annuity?

haha... their system is very good but you don't want it.  interestingly, kwsp ceo also said the same thing...

link: https://theedgemalaysia.com/node/747532

This 1 gurantee a multi millionaire.
Whichever classes you may invest in -  as long as the returns satisfy you, as long as your diversification comfort you, then why not.

No need to think of asset classes when putting in epf. When fully retired, no more hassle and can fully enjoy your retirement without much worries.

Nothing to worry about.... So said some forumers.

Looks like the joke is on all of us.

We have until Dec 2025 to decide... Those with 1 million and above.

not all kids want to study
if they dont want to study and want money to start some biz can support them lo... RM200k if allocated for study maybe use the 200k allocate into their biz start up

Age plays a big reason in responses.
I believe those > 50 will have lesser worries on any restriction as it will take a few years to implement any sort of big changes..
do share if anyone < 50 who have zero concern on policy changes that affects withdrawal rules.

it also depends on how old you are... if you are near 50 to 55, then sure... not much impact. above 55, no impact on old funds. above 60, either completely ignore or be very worried in case EPF pulls another smart move. lol

if too young like below 50, basically some degree of flexibility has been removed...

According to epf

RM650k is adequate

To be honest, I wasnt looking at EPF number until i was 40yr.  Single breadwinner at home with kids, was tough in initial decade but learned to be thrifty as well. No fancy car or house, no expensive oversea vacation.  Started to look at EPF because finding it difficult to save myr150-200k for kids tertiary education when time comes.  Considered lucky one with decent job and pay but looking at this board makes me feel underpaid..  just venting

pls dont scare the young ones and always say need 5M to retire
for me i am 52 i have 8 more years more before retirement i dont think i can hit 5M but hitting 2M or 3M should be no problem as long as i continue to work and continue pump into EPF

So bad?

Higher does not mean better.
Can be spending more money to keep one alive. Whether it is quality or not, we may not know.
The person could be lying in the hostpital bed with all tubings or lying on home bed being cared by maid or family members for many years. Everyone involved suffers.
Nowadays we heard many cardiac failures , just die, while playing badminton. Die in sleep.  This type is immediate mati, dont spend money for treatment, age can be young.

The take away message is that, once you reach 55 or above, better go enjoy what you have been saving for so many years. 

If married, go enjoy with your wife. If havechildren, let them work it out themselves.