Yeah.
Spend first and worry later mentality will trump any retirement scheme.

lately, i saw many ads in Instagram for KWSP loan for age 53-55.

some kind of get money now and pay back when age 55 which is 1 year down the road.

is it scam? how they ensure that we will pay them back?

Why am i not surprised? I think we should go crypto payment system now. Anyway, i pek chek so i keep trying and trying and trying and finally paid my kwsp i-saraan a few minutes ago... Erm.. hopefully i no make any mistake and choose self contribution.. 😂 but i don't really care anymore at this point...
And... That's why i also not surprised at that... Old apps better. Sigh.. Malaysia oh Malaysia...

must still wrap with plastic bag.... my grandma long ago taught me that....
cos tin also can leak water in and cause damage to the cash... 

BUT BUT they won't find it in the house! 

WHO am i........? 

must still wrap with plastic bag.... my grandma long ago taught me that....
cos tin also can leak water in and cause damage to the cash... 

Make sure use real plastic and not the bio degradable crap of Woke generation.

Still kinda far...

But since u asked....
Probably around 5 to 5.3% like that +/-

Won't be same like previous one, since it's not good market performance overall.... Bad newd flowing non stop... Weak MYR another reasons....

34000 Husbands Show i-Sayang Love for Wives Via EPF 👌

https://www.freemalaysiatoday.com/category/...-wives-via-epf/

First wife is first choice 😀???

Yes, so far so good. I have withdrawn many times.... except the first time, which I did it in a EPF office, all the rest are online.

No cooling period as far as I am aware. Online wise, you can only withdraw max 30K each time. So if you need to take out 50K, need to do it 2 times.
Put in will be up to your yearly limit.

edit: after replying, I went to see if can withdraw one short 50K rm. It seems like it can... I didn't click the final confirmation, so don't really know.

Honestly can you answer on what reasons do you need to withdraw those contributions from the age 55 to 60?

Are you planning to buy something big between the ages 55 to 60?

new law soon...

ppl > 2 mil must retire. objective... give other ppl chance

ppl < 10 k cannot retire. objective... reduce leaching

agree, malaysian isnt a property haven

only property builders and banks make money

our pool of tenants are also F grade, most never care about the place.

Well, properties are not really passive in terms of income generation, and many didn't realize this. Not really recommended for those who are getting on with age. REITs maybe a better alternative.

But since this is a EPF thread, nothing beats EPF in terms of being passive. haha... One can throw it in and forget until age 100....

EPF continuously strengthening outreach programmes nationwide, says chairman

He said to enhance the EPF’s outreach programmes, the EPF management had approved several allocations to EPF branches nationwide.

“This includes the provision of a number of mobile trucks to enable the Sarawak team, including Bintulu to provide more extensive and better services to rural communities and densely populated areas.

He also urged each EPF branch to further improve its relationships and engagement with local government departments and agencies which are among EPF’s key stakeholders.

Currently, he said the Bintulu EPF branch office has a total of 18 staff.

“This branch provides services to more than 66,000 members and more than 5,000 employers, most of whom are from key industries such as oil and gas, plantations, logging and ports,” he said. 

https://www.theborneopost.com/2023/09/04/ep...-says-chairman/

trying to sign up more people & get them all to contribute $$$ into EPF

what u mean because my username to simple??

it's standard IC number... that's what I'm being told & done by EPF staff during registration 

agree.... most, if not all, of us believe that FD is the safest storage of value in ringgit terms, but do not realize that banks can go bankrupt.

Do not be lulled into complacency thanks to marketing gimmick of PIDM.... so remember to disburse 250K rm across financial entities and self-ownnerships to get better protection, and treat EPF as another diversification of storage with gov of Malaysia's implicit guarantee.

Disclaimer: all this assume you still believe 100% in value of ringgit... if not 100% trust, then diversify across different fiat money.

Well...
For 78yo person...
Would go investment somewhere else @ others countries assets...

Later if GG...
Next of kin big headache...
Our LOA not recognize in others countries yo... if I remember Singapore also don't really recognized it... or something...