unfortunately, is he solving the issue?
in fact, he is also compounding on the problem... giving 500rm to those between 40 to 54 years old of below 10K rm. Guess what, now they expect 500rm handouts every year inside and in same time, asking for withdrawal to keep their balances below 10K rm.

There you go.. there is two option. To pay monthly or to pay one lump sum when you hit 50 or 55.

That is what they want you to believe but in the end the only winners are the banks and everybody else losses. Never trust a bank to let you earn money.

Investor point of view? Not worth it. Especially on a volatile and uncertain market. Right now is time to hold cash and not assets. Assets already in or coz don't touch but new money? Hold cash, not debt. Very easy balloon and spiral out of control. But the backs are getting risk free money. That's why it helps them, not us.
FD is your money and not bank money. And FD rates are going down. FD means every 12 months to 18 months you will lose it. It's not thiers. Mass withdrawal (bank run) = death of bank. In Malaysia it's low probability.. But it's not zero. This loan you cannot run. Lock in period is there and you are guranteed to get your money back. So it's very very profitable. Let's imagine next year FD rates 3% which happened before and can easily happen again. Your kwsp loan still 4.14% (your number up there). What risk is there? If you loan 10 years they are getting FD from you next 10 years. Easy money. Still don't see the picture?

dunno... ideally you wanna be transparent and dun wanna be accused of favoritism... so its more efficient to call a big meeting with all the bankers present and lay down the proposal... then see who's in who's out... and thrash out any issues before go live...

Patience. Those major bank having internal discussion between themselves on how to slurp more money from kwsp freely.

RHB and MBSB should give better rate as EPF is their major share holder.

I understand how costing works 🤦‍♀️

Just that employers love to higher headcount with low wages rather automation 🤦‍♀️
Because you have children earlier 🤦‍♀️

Ppl these days get married later in life and only have children at late 30s 🤦‍♀️

Do you know how much to raise a children as compared to your time as now with a million for 18yrs might not be enough with inflation at 5% yearly 🤦‍♀️
It would not be decent but guaranteed collateral capital for those involved 🤦‍♀️ and factor in expenses bank incurred just running these schemes

why you die die also want to argue and win an argument? 

what he's saying was doesnt matter you're in your 30s or in your 40s, you can also be financially troubled and require that withdrawal

and why the gomen only helping the above 40 group (at least at the moment), is for the scheme to work.

must you argue every damn thing?     

I am not trying to win an argument just putting my point across in the 1st place 🤦‍♀️🤦‍♀️🤦‍♀️

Govt is helping those 40s because for a simple reason as they don’t want to see any rise in defaults and bankruptcies  in those age brackets as those younger will not be so susceptible to it

Don’t forget about those 40s with families as with bankruptcies and defaults the rise of social problems will be more impacted to the community itself 🤦‍♀️🤦‍♀️🤦‍♀️

Kidney saving???
That's one fake right?
The guy apologize 😁

Only 10k
Later people angry... Why so little...

Makcik says I got 300k in EPF... Only can see far... Cannot touch use them 😄

Now all very greedy already...

10k not enough 😁 need more & loans free....

Not like the one offered.... Clean $$$... Not debt involved 🙏

https://www.freemalaysiatoday.com/category/...ancial-adviser/

Nothing surprising....
Banks sure profit from this loans thingy

why des ppl dun come out say free 10k withdrawal last time bad for retirements... lol...

say take loan will jeopardize future cash flow... but des ppl already cash flow problem now des why need loan...

no otak one these ppl... lol...

It just means kwsp 4K is one limit...

the other 3K rm limit can be used for life insurance and EPF also....

ie, if one never bought life insurance, then now 7K rm into EPF is tax relief. 
but if one already existingly used up 3K rm due to life insurance purchase, then total EPF tax relief one can get is still 4K rm.

that's my understanding.... don't know why gov had to make it so cumbersome.

Thanks to some family or friends influence....

All out.... Using retirement $$$..
I think...
EPF or gomen must do some education course or workshop for those near retirement.... Make sure don't fall into trap... Financial advisors must give inputs....

If not...
Every years sure have many people always lose the $$ or not enough $$$ to survive

ever since i start working and slowly understand personal finance, i always so furious when see this kind of action.....nowaday at work place i keep brainwashing those almost 55 yo uncle aunties to treat their EPF account like CASA, instead of withdrawing it out.....even better if dun have online withdrawal and only go withdrawal when really needed the funds...

agree. that why i also quit my job and self-employed now. Never look back corporate world

wife role will get replace after AI reach maturity phase

may be 100 year later, all human baby is lab born.

kwsp need wait cabinet meeting tmr for discussion....wait news development tmr....after meeting may be govt will announce 3 month kaji dulu....
EPF account got 6 digit or 7 digit doesn't matter  , important is ur passive income> current income then can STOP work already lah

Coz  money cant bring go, enjoy life dulu, that why new gen all prefer YOLO dulu

FD return rate too low even it offer 5% still consider low but risk free. FD for emergency cash only. FD park 2-4 month cash enough.
Other money park somewhere else for higher return.

As long as the investment annual return higher than your annual salary income, its time for resign and retired or can do self employed and do something you like. Buy AI coffee machine and wait it automatic brew you fresh coffee everyday morning at 8am, enjoy life dulu