Why not flip flop on EPF withdrawal - Bersatu MP 😁

https://www.freemalaysiatoday.com/category/...-mp-asks-anwar/
The drama continues 😜

Actually it's good idea...

I'm proposing around 10% of the total amounts...
Sufficient enough I guess 😜

support this... for those with lesser than 1 million ringgit.... 

make the penalty to be 15% and contribute this into the dividend payout.

bro, this time different....because the country is really going downhill at accelerated rate due to external and internal factors. Now it is not so much taking your money but throwing a wrench in your plan. If you have a lot outside beside EPF, then it's ok. If EPF represents over 80% of your networth, then better reevaluate your strategies.

Problem is previously. Gov dun dare to tell this type of story.

Good if you can exclude EPF as your retirement plan. Most cannot. Like me. 

save 100/mth flat in epf for 35 yrs at 5.5% = 127K

include company contribution easily > 250k

if salary increase only match inflation 3% > 390k liao... easily beat 240k epf talking point today... can retire early... lol

If parents not good at financial management is one thing. But children shouldn't be entitled to think their parents wealth should be theirs. It's your parents money, and it's really their perogative to use their money as they see fit.

Unless the parent is really useless like gambler, drug addict, criminal,  wife beater, adulterator etc. One shouldnt really complain about their parents who has brought you up and gave you a decent education. Be grateful for that.

Like Jackie Chan said, "if he is not capable, he will waste my money. If he is capable, he can make his own money!".

how bad also is father
dont  lah wash too much dirty linens in public
not nice

:thumbsup:
i would think so
people are over reacting
too early.

you can tick yes for that.

not for me. i will have my own financial planning when i reach 55 ...

who wants to die without being able to enjoy their life saving?

pass all to char siew?

those who wanna leave it there, just leave. why force?

whats next? we use sgd as currency and abolish myr since sgd is so good?

why suddenly does epf feel like they have responsibility to manage people's retirement fund? social police?

later banks also look after our finances when we are old?

was it? 50?

what i can remember when I was in secondary school was a teacher of mine took the time to talk about working/career and retirement. Remember he mentioned that government servants can opt for early retirement at age 50 (male) or 45 (female) and still get the normal pension. He said something similar in private sector.

maybe that's where the 50 comes from? did casual google search, but nothing old info came up.

Imagine that... back in 1990s, 45 is achievable for early retirement if one is a female...

You should be more worried about RM depreciation instead 🤦‍♀️ by contributing to EPF

i agree with you the quantum matters.

you worry only if your quantum is not big enough
must go find overseas investment
must go find 8-10% ROI
cannot  rely on lowly EPF ,FD , ASM
inflation will eat away your retirement....etc

simple maths here.

People with RM1million need 10% return on investment stocks world market etc..
Good year no problem  RM8,333 a month or more passive income
Bad year how?

Those with RM10million put in lowly FD 3% also cukup  already.
RM25,000 passive income a month!
no good year no bad year , fixed
what you see is what you get.

Imagine you have RM40million...
RM100,000 passive income a month is easy
takkan  worry inflation etc...
by that time  probably worry more about sickness
takut mati
but maths here is not meant to scare people
only meant to say people are all different
what suits him may not suit you

we live our own lives
we are not living for others to view
just be happy with ourselves.....cukur...

Same here. For someone who grew up in a restaurant environment, i had been hearing this for too many years. Parent took out all their EPF money 25 years ago when they reached 55 years old. That time, everyday they told me EPF had no more money, kosong already, like they (and those restaurant uncles/unties) knew top secrets.

Altho the current situation might be difference, I still have my own reasons to keep pumping into EPF. The biggest reason is i can afford to lose all the EPF money and still able to live good, so i have no fear (and really, i don't think i can lose all the EPF money. If this really happens, meaning the country is ruined). I am not afraid of RM depreciating also since my extra money is not only going to EPF.

This policy I really dislike

After 55yo below 60yo... Whatever $$$ contribute cannot take out....

Must cancel this blockage asap 😔

Pretty sure all top management people already exceeded that....then company all run by office boy??? 

Hahahah.... If you are only 30.years old and got 2 million in epf.how? Still retire.then rot.at home

actually with 2 million and assume EFP year year give 5.5% +/- then monthly you will have about 2,000,000 x 5.5% /12 = RM9166 to spend!!!
enough for you to buy 1 house and 1 car pay installment slowly pay also no issue
RM9166 is nett no need pay tax!!! hahahaa!!!

one of his quote catch my eyes...

“Never fully invest at all times” 

One another reason why EPF capped at 100????