just now drop by EPF, want to open account for my son..
queue is super crazy long, may be 200 ppl...
these ppl no need work?

eh, employer contribution is from employee's salary also what
no employee working, employer need to contribute meh

singapore CFP system is one of the top in the world..

https://www.straitstimes.com/business/singa...ia-mercer-index

SINGAPORE - Singapore’s Central Provident Fund (CPF) has retained its top spot in Asia, according to an annual global index.

It is also the only Asian pension system among the top 10 globally in the 15th edition of the Mercer CFA Institute Global Pension Index released on Wednesday.

thats why some even scolding saying this is stupid padahal Akaun 2 aku dah kosong niat aku nak amik dari Akaun 1 kenapa tak bukak Akaun 1

those wanted to save even you gave the option early early to witdraw or reduce cont% also die die want to fill form and contribute 13%

those wanted to spend will hope to take all out and will not stop at akaun 2 ke akaun 3
Now job is not the identity of what one can afford liao

Just now I pumping RON95 to my Saga one pakcik wearing guard uniform came to the next pump in an import car

My previous job operator can afford few kids, nice car and ciggy while some people here said 10k salary not enough to survive

My junior started job with latest model Vios and iPhone while me...

inb4 EPF 5% is rubbish & MYR is forever depreciating lah :grin:

Please back to the topic.

EPF vs CPF comparison is out of topic already, and can be done by creating a newer topic for it.
This thread is about EPF dividend and EPF matter only.

Thank you for the cooperation.

Not necssarily equities, but Malaysian bonds to help the nation.

Cannot compare with annualized KLCI index. EPF also trade heavily on the local market. And the hot market is good for them. They are big enough to move certain counters either way.

once you have 1 mil by the age of 40, and not contributing more, it will be 2.6/2.7 mil by the age of 65 = 13k/ month passive.

1 mil as soon as possible is the game to play! rest is bonus.

damn, you make me feel poooor

You sure inflation is 2.5% yearly average? Like that epf dividend is 5.5%. Real gain is 3% so your capital last forever

oooo... that means if have 10 million at age 40, one just need to make sure one's networth at age 65 is above 26 million to keep the same standard of wealth... any extra just spend spend spend... 

To address the inflation impact on retirement savings, my plan is to work part-time a couple of years after retirement. Something more flexible with far less hours.

This gig will enable me to withdraw a smaller percentage from the dividends and allow for the balance to continue to compound. And if lucky, my part-time gig might even still pay epf.

Only later on in life can withdraw dividends fully and, on even later years, take out even the principal.

Combined with future tongkats, hopefully funds can last until the end.