Recent news that came out... had made me to ponder on whether i will be pulling out my EPF > 1mil excess and invest outside...

I'm starting to see a bleak future for our country based on recent decisions been made...

At this moment... all points to how much they would give in dividends for last year. if it's still below 6%... i'm pulling out..

EPF dividend for Conv - above 5.8%

Shariah - 5.6%

https://www.freemalaysiatoday.com/category/...8-on-the-cards/

Hope the good announcement from 2-Mar of '22 can be repeated this year

Epf conventional and shariah invest in basically the same things, main difference being banks. Rhb, mbsb, Maybank which epf has loads of are not in the shariah portfolio.

Note that epf as investment policy doesnt invest in "sin stocks".

Will this retirement age impact on our EPF contribution? Like example if 55, meaning employers will contribute until 55 years old? Or there is no impact at all, just a guideline to stop working

well... last year, the economists explained how the shariah components did so so so very well due to the foreign equity exposure to tech stocks...

this year (of course it has only been 2 months), the tech stocks are really not doing so well... like really not well.

so... what does this mean for the shariah pot?

They own 40% of RHB, but in terms of overall portfiolio their RHB holdings is just 1% of overall portfolio. Epf is massive.

And yes, they have huge bond holdings. Biggest creditor to the Malaysian govt.

But once the confident towards EPF low due to the lower div or guaranteed return by the government, then this will accelerate the withdrawal

Well..

There's saying when one fund become too big... Finding good investment returns is harder but not impossible...

Need to see what EPF going to do moving forward... For now, they focus on high value high impact projects to Malaysia economy....

This one...  Planning stages...
https://theedgemalaysia.com/node/747487

https://www.kosmo.com.my/2025/03/16/konsist...nan-berkembang/

Consistent saving in EPF can grow your retirement $$$??? Obviously... Don't need to rocket science to know it 😉

But what interesting in the article is...

Around 2.2mil EPF members are on Shariah Savings Scheme....

So around 9mil active members, 2.2mil is around 24%
Not bad Not bad 👍

Madani have been saying many members don’t have money inside EPF  for the longest time.

How many % of members even have RM200K? And we expect double of that $390K.

In such case, when they reach 55 yo, they only can withdraw like RM5K as a token like CPF, the rest of the amount locked another 10yrs.

Start monthly payout after that .

2.5 million is our goal if we want to retire comfortable now
i use to focus on 1.5M but after knowing that medical cost is so expensive i think 2.5M is needed
even with insurance it wont help especially when you old you need to take supplement, you need physiotherapy, you need domestic helper

i start to plan all this as now i am at 52 this year and why 1.25M per person as i need to cover for my wife so i need to have 2.5M for 2

future cost in 10 years - hopefully this number maintains!
domestic helper - RM3.5k per month
physiotherapy for 2 - RM1k per month
insurance for 2 - RM1.2k per month
tnb - RM500 per month
water bill - RM50 per month
supplement for 2 - RM500 (milk powder, omega, vitamins, ect)
medicine for 2 - RM500 (depend on your sickness - just assume u have heart problem, cholesterol problem, diabetic problem, high bp)
phone bill for 2 - RM100
unifi - RM150
other misc - RM1000 (clinic visit, travel cost)
makan for 3 - RM3000 (me, my wife, domestic helper)
Total 11.5k

Estimate i think on the safe side just make sure put 15k per month for expenses

2.5M x 5.5% = RM137,500 per year dividend
137500 / 12 = RM11458 per month so need to take out additional 3.5k per month to top it up until RM15k per month
chatgpt projected as long as i have 2.5M and i consistently withdraw RM15k per month and with dividend of 5.5% after 20 years i should still have 900k left...

if you think the above number is not realistic i really welcome you to comment so i can adjust and plan accordingly
i have 8 more years till retirement but if i continue to work for the next 8 years and do not withdraw any money from EPF and continue to slowly pump like RM10k per year i might hit it base on my calculation

Life exectancy Malaysia
https://open.dosm.gov.my/dashboard/life-expectancy
Male: 73.1 years
Female: 77.9 years
And 10 years before that, many illness kicks in  (Meaning at 63.1  / 67.9 years old)

When can retire, and reach 55 , enjoy your EPF savings.  You don't have many years to enjoy

Travel insurance also susah and expensive.

Why work so hard, save money, refuse to spend, and help fund the doctors, biopharma companies.