Just beware! Let this probable scenario sink into your mind.

This thread has been infiltrated n compromised by kwsp multi-millionaires masquerading as wannabe millionaires.

We r their daily free clinic session for not taking things for granted, reminding them claim their situation with gratitude.

"Are you not entertained?" Maximus Decimus Meridius.

small brain ppl can only do simple straight maths...

I think could be your HR dept too lazy to calculate for everyone how much they can contribute because salary still need to be net positive.

problem is epf can only pay dividend up to 100yo.
After that how?

Not under your control though. haha

withdraw all & enjoy life as fullest possible...

because not many can still alive at 100 

donate some to temples & charity too... seek blessing from gods for the long life 

More than 50,000 application for EPF account 2 support facility

59,230 contributor applied but only 27,705 qualified 😃 because many under 40yo age 😔

https://www.malaymail.com/news/malaysia/202...-facility/64476

Give chance lah.
Unker oso wan apply. Maybe like ptptn n Saman...20-50% diskaun? Huat lah.

Good morning, Bro.

Yes, even at my advanced age.

It's everyone aspiration to improve from multi-millionaire to be multi-millionares. (Same as improving my Inggeris)

Bro, you sure boh...wait, I go checking my First Aid in English n British Council ref book.

I was always taught, for plural just add 's'.

What u meant is MULTIS-millionaire.

Whey, Bro...we have common hero le.

You go watch 'Demon Slayer S2' complete liao.

come i twist it more for you...

hmmmm thought USD is trouble due to all the hoo haa de-dollarization, Asian Monetary funds etc etc...

Just wished that whatever happened, EPF team can foresee it and act accordingly for the best interest of its member 

today i realize that housing loan can loan up to 70 years old but when epf full withdrawal 55 years old enough

i use to think that once i reach 55 i should just take out the money from my EPF to settle my housing loan

but then what am i left with, a fully paid house and no income maybe some FD saving from my KWSP full withdrawal provided is still have some left after fully settle my house...

**serious discussion -  i am worried about my retirement - it looks bad!

almost hitting 50 in few years time
i am M40 with 2 kids still in secondary as old age baru kahwin
thank god i am not a B40 but still i start thinking about retirement as i will not be allow to work pass 55 as my company will not allow such practice

so the option i have on hand is to pay more installment now so when i really reach 55 and no longer can work then the amount comes down to something managable where i can use my EPF to just clear it off

yet have to think about kids education - most likely ptptn
then have to think how to manage my epf saving so enough till i am 70
dont plan to live pass 70 years old if it happen then have to really depend on my kids...

future is not bright but not completely doom...
not sure about other forumer who is almost reaching retirement - how is your future look like? EPF enough to provide you for the next 20 to 25 years

birth till finish study almost 22 some 23 some 25 baru enter workforce
work for 30 years then reach 55 years old, if some luck have good epf and some saving and investment

then from 55 onwards cannot work since is a blue collar job (keeping it generic)
then 55 onwards enjoy retirement which is not really an enjoyment but more of worrying for the next 20 years do i have enough to provide for myself and my wife

wife is a housewife... so if M40 best is to make sure 2 person also working then maybe this will change the fate

time has passed and no longer can turn back

accept it and let the future write itself like unkerpanjang said time will solved problem...

the biggest issue getting old is medical... can wipe out all your retirement savings

'transferable' also to spouse and young kids after expiry...

So it will continue forever?

iirc... up to 20 yrs after retirement... kids up to 21 yo...
iirc... spouse still gets after remarry...

Almost half of 74,392 applicants qualify for MBSB Bank’s FSA2 loans amounting to RM722m 

The Employees Provident Fund (EPF) said almost half or 34,643 of the 74,392 applications received under MBSB Bank’s Ihsan-i Account 2 Support Facility (FSA2) are qualified to obtain loans amounting to RM722 million.

In a statement on Saturday (April 15), EPF chief executive officer Datuk Seri Amir Hamzah Azizan said the number of applications for FSA2 is expected to increase with the launch of Bank Simpanan Nasional’s (BSN) MyRinggit Insan-i facility on the same day.

“We want to clarify that this facility is targeted towards EPF members who have savings in Account 2, and are supported by a reasonable income to ensure they can afford the personal financing and committed to the monthly repayments without compromising their retirement income adequacy and security. It is essential to note that the monthly repayments are necessary to ensure that the loans are repaid on time,” he added.

“Members are required to pay the monthly repayments as per their agreements with the banking institutions[B],” it added. 

https://www.theedgemarkets.com/node/663487