Almost closed the gap with FD in 2002...

Not supplementary. A new one will be tabled early next year. The 100k is void.

:thumbsup: 
happy to know that you are in the group that met "can withdraw that amount and at anytime" criteria

Lagi BEST.  So young can get into that 1.05 mil group.

Yes. My house loan reached 12% interest rate in 1995. i took out my EPF to clear the loan. 
That in memory was the only time i experienced the bank rates more than 10%.
Who knows? We may see it soon again.

Never say never..it can happen again if we get hit by a financial crisis.

1996 was the highest BLR was 13.6% back then and FD was crazily high at 20% with promo but back then FD promo was minimum 50k

So that’s why you lucky because I know the couple who got hit 18% is 1st home buyer hence why high interest

Not possible as when OPR revises as FD moves along as well 🤦‍♀️

You want 20% you can put in India, Turkey or few Eastern Europeans countries that can give you that rate 😂

Bro are you kidding there ??

surprised nobody in here question your FD 20% rates.
Nobody in here with FD in 1990s??
The highest i remember was 13+% from finance

Go tell FD was at 20% rates in FD thread see what you get...

dont go quote from those nonfinance non bank ahlong type cooperation and said is FD rate la.

the max given by then mbf was 14% when lotsa people queuing for withdrawals. the bank manager tried to calm down the crowds by putting stacks of notes on the counter top.

Can epf give 10% next year ?

you deserved to get all the shellings, a hidden agenda to push for tier dividends?..

If EPF doesnt want more money from the so called "rich: then disallow them the voluntary additional contribution RM60k a year,

why  let people put in more and blame them?
or worse punish by paying less dividend to them..

The main problem is that many believe that they can take the money to invest themselves and outperform EPF. I have a few friends who are late 20s decided to withdraw and spend it, or put into FD because they said EPF will collapse from their parents. Many are not aware that EPF controls huge proportion of the bursa market. If epf collapse, our currency will be worthless.

Bang, this is superb!

Congrats!!!    

are you gonna stop contributing or keep doing it?

do you have a target when you gonna stop? like telling yourself its good enough.

you intend to withdraw all? where will you put next?

my intention is once hit 1 mil, i can use those additional dividend if i need for my expenses. then unused ones can continue grow from there

5% of 1 mil is 50k/ yr.= 4k/ month, which helps a lot in one's daily life.

thats why its important for people to hit 1 mil asap, but people seem to prefer playing the 'epf will go bankrupt soon' tune.
fd 10%? haha, when inflation is 20% and we will all rekt.
tldr, always invest in your future sell, and your future self will thank you.

its like planting tree, from a seed to a 10m tall tree. magnificent to watch how it grows

Ironically those like you who can afford better toys in life such as a bigger car than old city or ifong 14 pro are the very ones avoiding them
and those not able to are the very ones owning them to the extreme  extent of driving new merc while only owning the 4 tyres and steering
while the rest still belongs to the bank. Thats the difference between the financially prudent and the financially non prudent. Save hard, work
hard and invest carefully is the right way to achieve financial independence some day. Outwardly your life may appear boring. Old city, handfon
nobody takes a second look, house paint looks dull, no facebook fotos of holiday in the swiss alps etc. Yes it is boring. But then you can meet
all your financial obligations, pay bills and most of all sleep well. Your final reward will be the money built up over the years that will now look
after you in your sunset years where you can expect to live with dignity without having to beg borrow or steal. No ahlongs coming to splash
red paint on the gate.

What better analogy of one's financial path than to akin it to a seed becoming a tree.

Finally the tree produce flowers , make oxygen , output fruits , provide shade , and

you can sing to yourself what a wonderful world ....

For some the EPF savings will finally not be their money anyway simply because it will
be passed onto someone else. I personally know of a few who has never made any
withdrawal even when qualified to withdraw in full. The seed that was planted and became
a tree is now for others. They themselves already own a forest !

So keep planting trees and many trees become a forest.

Merry Christmas folks.

What do you mean the poor gets peanuts? That is misleading. Did the rich do anything to stop the poor from increasing their monthly contributions? It is all about savings, everyone starts from zero savings. And using the amount in EPF to label whether one is poor or rich is false narrative too.

Hopefully no more withdrawals.

By allowing once , twice , thrice etc it will soon become a standard practice.

Depleting the account jeopardizes sufficiency at retirement age.

But then again if one is in dire straights without money life can be really really terrible.

However no money when young can be sorted out much easier compared to no money when old.

So hopefully no more withdrawals.

There is no minimum age to start contribution. One can make own son as director of company, coupled with the self-contribution since few years back, can la. But this is anomaly.

And this is typical of the edge, what is their agenda in publishing this stat that time, even using the term millionaire. Why not show the stat of members with low EPF savings and their age, employment duration and also the related withdrawals.

Bro don't do that. If you do that means you have faith in the RM long term. Yes past performance may not be indicator of futurr performance. Rather than open account for kid, better to use the money for your kid and buy sg banks or sg Rreits. There are some good sreits giving 5-6%p.a currently and yes paid in SGD.

Let's say you put for 20 years, sg banks and sreits will beat any returns EPF can give you. Trust me.