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This post has been edited by kevyeoh: Mar 3 2024, 02:03 PM

give it a try and let us know...afterall just a few buttons of click...why must also deposit the 57 cents?

Don't think too much like this... just continue save in EPF... one day the money grow and you will be surprised. In 37 years and if you continue working and doing well with increment etc... plus compounding effect... what you have in epf will still be useful to you...

Yes... luckily i never hear my friend or colleague advise last time.. say epf will collapse... quickly take out money..

gais... EPF top up via CIMB online is max RM5k per transaction?

i cannot find limit for EPF...but my banking limits all I put pretty high at 20k or 30k already...

congrats...
you can start to relax and indulge and splurge on yourself a bit...

it will be even easier to reach the next million assuming if you don't touch the money and let the interest compound...

the good news is initially it will look hard but this one is really playing the long game....you stay discipline after 2 decades...suddenly you see the money rolling faster already after that...


imagine when you have 100k, then 500k, then 1m....the interest earn also different already....compound interest at its best


This post has been edited by kevyeoh: Sep 9 2024, 11:58 AM

i know not everyone has crystal ball.... so what i know is EPF guarantees 2.5% dividend yearly right?

for our own financial planning, is it safe to assume that we can get around 5 or 5.5% dividend yearly?

what do you guys think will be a good retirement number to have in EPF account? 1.5mil? 1mil? 2mil?

err...it can also be as simple as Fed reducing the interest rates right?

yeah...if really happen, i run around EPF building wearing underwear only...

unless got emergency...i think those with 1m above will likely just withdraw the dividend...

28 sure can capture by end of Jan?

8k monthly housing loan seems to be very high to me.... 700k home with 30 years loan at 4.2% interest rate, monthly is RM3.4k.... so that means your home is probably 1.5mil or so? i think that's not really necessary if you cannot afford it...but definitely okay if you can afford it...

if you want to simply retire....looks very easy to me....can easily cut from your house and also car.... like can easily change the car to RM0 commitment and housing loan to RM3.5k monthly... but of course to each their own....

5.8% is very satisfactory already for me.... 6% is bonus.... minimum hope every year can get 5%....

To me this analogy is a bit different... Because you already have the money and ppl take away from you...

So to be the same situation.. for EPF.. it will be... EPF already announce 5.8% and then they later announce it is 5.6%....

Else... Like now tikam... If announce less 0.2% than what we hope for... I don't feel it even if they announce lower than expected...

the thing is EPF never mentioned anything..it's the pipu outside and news keep on report say expect this or that....

just top up to EPF for this month...hopefully captured for Feb!

haha....about same here....when i started working...most ppl around me panic and withdraw out money from EPF as soon as they can...
whether use it mostly for house purchase or reno...whatever reason can la...just withdraw...

but luckily i keep all....never touch...now every year i wait happily for dividend....

This post has been edited by kevyeoh: Feb 25 2025, 12:08 PM

cannot access epf website now to login....dividend not yet out...why everyone trying to login and spam? or is it like me...trying to login to check and make sure the recent top up end of Feb masuk in time...hehe

congrats everyone for 2024 dividend at 6.3% but looking at how markets are performing right now...i'm not really putting much hope to even achieve same result as 2024 for EPF... so expectation for 2025 dividend is lowered already for me...