Decision clearer now...Bro Xander, Rinth says No Go.

Unker waiting Cubalagi, decision, then we move from this topic of borrowing to dump into KWSP.

It makes perfect sense to sensible ppl. Not the b40 and politicians and certain group of ppl.. why? Coz they are larger in quantity and therefore higher voting numbers. You know la.. Politics.. want vote.. not want the best for the country. That's why we are in this predicament. Look at Singapore.. you will see why lo. 😂

Yes, i believe whatever shit they plan to implement will be for new contributors or younger contributors below certain age. If they do this to soon to retire or retired personnel, it will throw a serious wrench in one's retirement plan. Right now there is too little info, It is actually a good move because lots of sohai will withdraw all and throw it into scams like TriumphFX or losing money investment unit trusts. It should be applied to those with less than the minimum savings requirement, not for those that is already way above it.

But regardless, i am not throwing so much money into EPF now, even when can dump more.

isn't cpf have something similar about periodic withdrawal? are we saying SG policy is bad here?

if good policy, why not. and cpf is not locking all your saving, just the minimum right. balance is key for every policy

law says so... manage until 50 (ori i think)... then 55... now 60...

future extend to 85... lock down 240k for slow drawdown... excess can lump sum... i support...

I do not deny, they are times where i just want to say, idiots who didnt manage their money well after they retire, they deserve what they get.

But at the end of the day, we have to remember, if things dont go well then government have to step in to help with old age poverty. When government step in means, tax money eventually. Or government resources get diverted away from other matters.

If you think about, yes, epf really not for profit. Their mission i believe should be somewhere the line of well being of epf members.

On a unrelated note, epf purpose should include maximising return and not like the idiot someone who says bring money back from overseas to malaysia to invest.

Having said that, the doubts brought up by most ppl are legit. In part, due to lack of trust to our government. And obviously this has not improved yet.

Imagine if epf no exist... till die also work... emergency fund also rely on epf... covid come, die die want take out epf

That's not what I mean. Maybe I was not clear.

What I mean is, if investing overseas is good enough, then EPF should continue to invest overseas and not invest locally. Talking about EPF investment not normal ppl investment.

Was not directed to anything you said specifically. Just commenting on a separate comment weeks back on PMX asking EPF to invest more locally.

This is from the kwsp’s own fb page.

So all the hoo hah and grumbling over last few days is just…. Noise…..

waiting for someone to say that 10 million ringgit is not enough to retire.... waiting.....

but there is a difference.... I believe your parent had help from their kids (you). this helps a lot...

many may not be so lucky.
nonetheless, agree with you... in terms of starving to death, Malaysia is still not that bad. relatives, good friends, kebajikan and gov do provide help.

give dont stop i support
no need look at  other siblings who  pretend dont know
your parents sure would remember in heart

my parents have 5 kids, me the only one give cash others got lah buy things once a  while
i give fixed RM4500 monthly allowance since umpteen years ago
New  yr And pow separate, mother`s day separate
semua i bagi cash only.
old people dont spend much cant finish
can go give to other family members they like
make your parents feel they are still useful to other family members
cash is king whether you like it or not.

I am not sure about, why not buy a mobile number with more than 1 year validity and cost them less than RM40 a year like XOX package?

Why still keep EPF??

U know right.. those overseas can withdraw all their EPF $$$...even below 60yo or have less 1mil balance...

Ask them to go EPF office when they comes back Malaysia 🙏

My guess: Still holding citizenship?

Probably...

Don't really sure...

But normally this kind of cases...

Dump Malaysia citizenship one.... Unless really have something valuable here....

And I know what gashout means - some may be many miles away from Malaysia, but interestingly, Malaysia is always close to their hearts.

Sometimes, those who stayed behind must understand that for those who didn't, they left not because they disliked Malaysia, but because Malaysia's policies disadvantaged them.

Well I am just giving the reason why it is not withdrawn

Not here to debate on topic other than EPF or else later ppl report OT

6% soon
https://www.nst.com.my/business/2023/08/943...-income-1h-2023