it means a lot to everyone, even the rich finds it big deal.

Statistics show less than 18% contributors have min. savings target of $228k.

Where did you get the assumption there are many millionaires in EPF?
https://www.thestar.com.my/business/busines...fford-to-retire

Indeed you are the odd one, among 0.005% out of the total 7.36 million contributors.

Thanks for the source, though.

True or not what you said?
you guys have it so easy
with many millions in EPF?

consider the average earners
even those earning RM5-10k a month
when they go check their EPF....

millionaire wont be that calculative 

looking down on people called average  for a reason
even if  have RM10M in EPF also should not say that
Knowing full well than 99% of people do not have it,
to  say  is easy to have RM1 Million in EPF and 1M in EPF is nothing is
to make many many others feel bad.
Yes dont simply say it is easy when more than 99% people cant achieve it.

There is a saying that wealth does not pass three generations is a good reminder to ppl like him, what he boasts of now will eventually be done towards his descendants, or better straight at his face.

what a shame, you boasted like one.

well now I can see why decimals are important to ppl like you.

need I say more? 

maybe over counter...?

Can, Lao Da.
M2u, Hlb, etc... Just go to settings n update as Fav.
Per Calander year.

If you have say RM1.5mil in your EPF, you can even transfer RM400k direct to your wife EPF account from yours instead of RM60k yearly. If both already more than rm1mil category  then nothing much to figure out.

Always better right? Tradeoff is cant withdraw now, unless already at 1 million cap. Good place to keep money. Make own company and declare huge salary to pump huge money into EPF. Owh contribution got limit and late become rich.

Kwsp, seeking forumers opinion...

Q1'19 9.7mil profit
Q1'20 7.5mil profit
FY 2019 dividend 5.45%

We expect Apr n most of May to be weak due to global lockdown. So, likely Q2'20 just as mediocre?

However, past events 1987, 2000, 2008 have shown KWSP maintain dividend at minimum 2.5% above the annual 2.0%  inflation.

Question, will KWSP FY 2020 dividend be any different?

Is MY currently experiencing deflation n will jobs/businesses liquidation phase get worse in the coming months -  sinking KWSP dividend to a new 20 year low?

continue reading..., expect not many EPF contributor have not enough money to retired.

Developed nations in the west have good social security system. Meaning you get some income when you retire, even if you have no savings. Not much, but covers essentials to survive. But we, unless we are pension eligible govt servants, l only have EPF and our own additional savings.

My point is that they have an additional level of income protection other than a fund contribution type system like epf. We dont have any.

Of course this pension system has its own problems and is underfunded right now, esp due to low interest rates. But their govt will just print money later when it becomes due.

What the EPF’s 1Q says about 2020 dividend

A. RM50 billion write-down?

Excluding the unspecified amount of write-downs from “mainly equities” that resulted in a net investment income of RM7.5 billion for 1Q2020, the headline gross investment income of RM12.16 billion for 1Q2020 was not too shabby compared with the RM9.6 billion booked in 1Q2019 — which incidentally was the EPF’s worst quarter last year as income from equities fell by about RM2 billion compared with the subsequent quarters.

The EPF’s total investment assets of RM874 billion as at end-March 2020, however, were down just over RM50 billion or 5.5% compared with RM924.75 billion as at end-2019.

B. Even 4% dividend tough

Alizakri reminded yet again that the threshold to deliver every 1% of dividend has risen substantially in the past decade and is still increasing. In 2009, the EPF needed RM3.43 billion to pay 1% of dividend. That means that the RM45.82 billion dividend declared for 2019 would have been enough to pay more than the 13% dividend declared in 2009.

The EPF has yet to release its 2019 annual report and financial statements, which need to be approved in Parliament beforehand.

The EPF only needs to deliver at least a 2.5% nominal dividend and beat inflation by at least 2% on a rolling three-year basis.

https://www.theedgemarkets.com/article/what...t-2020-dividend

If u are worried, u can take out and invest in unit trust