My prediction for 2015 @ 6.75%

I nominate you as the CEO/Chairman of EPF!!!

I wud prefer personal assistant to CEO/Chairman

I guess could be 6.60% for 2015

guessing start already?

6.1%

Boosting retirement fund

EPF Member’s Investment Scheme an option to enhance retirement savings

FINANCIAL advisors have stressed the importance of retirement planning as early as possible so that one can live a comfortable life after retirement.

One of the apparent benefits to start early is the effect of compounding and that can make a huge difference in one’s retirement fund.

To achieve that desired outcome, planning is important as everyone may have a different goal.

Understanding the importance of giving its members the options to achieve their goals, the Employees Provident Fund (EPF) has introduced Member’s Investment Scheme (MIS) in November 1996.

URL: http://www.thestar.com.my/Business/Busines...fund/?style=biz

wah 6.1% only

Question : if withdraw EPF for housing before dividend is decided (example now in Oct), will interest be prorated at the end of the year or loose all interest for entire year?
Thanks.

Int will b pro-rated accordingly

now i know epf can invest,
it is dangerous?

pls define your definition of "Dangerous'

u mean with current situation affecting the country

Saw the EPF retirement article in The Star. That prompted me to do some analysis as one thing bothers me.

They stated the required amounts at different ages to achieve 197k at age 55. I did some back-calculations to find out what were the dividend rates they used to achieve the 197k. See picture below.



AA
Surprised that they used different rates for different ages. Requires a return of

* 8.25% pa with 27k at age 30,
* 6.6% pa with 143k at age 50

to achieve 197k at age 55.

If they used 6.6% for the age 30 case, then the amount will be larger than 27k to get 197K at age 55. Wonder why did they use a larger %.

BB
Monthly expenses at RM820?
* not realistic to me. Should be at least RM2000 for the average Msian.
* the RM820 is not inflation adjusted. Even at 3% pa inflation (as reported by our nice govt), the RM820 will be RM1480 20 years later.

CC
The table is also misleading. For those in their teens, good news! All they need to do now is to put RM1000, 2000, 4000 for ages 18, 19 & 20 in their EPF and by the time they are 55, they will have 197k in there. Their retirement funds are now taken care of! Ha. For the age 18 case, the required return is 15.4% pa to get 197K by age 55. Realistic? Yes, the power of compound interest but this is twisting it too far.

DD
They used 6 - 15% pa in their studies. Wah! Maybe I should expect a higher % from EPF now. They know EPF better than most of us.

Cheerio.

lol now I should expect EPF to give 8% from now onwards

Well, those numbers serve as a guide only. I prefer to dump all money to EPF now, since I need another few years to take 1/3 out.

EPF: RM3.12b withdrawn under flexible scheme in Q2

http://www.thestar.com.my/Business/Busines...n-Q2/?style=biz

U guys shud start early before 30 years old investing ur excess epf into an aggressive unit trust fund that is proven to be lipper leader rating/award winner and consistently perform in the long run...

I can guarantee if all our epf savings are being locked down in those performed private unit trust fund almost all of us gonna retire a millionaire... Their average return even taking into consideration during recession downtime and during good times still give at 15-18% per annum...

Specific example of funds pls?

Just go buy the edge newspaper and flip at the back...

They list down all available unit trust and rated by lipper...

Pick the ones with the best return past 5-10 years and consistent return...

Invest with ur epf money excess every 3 month consistently for the next 25 years....

Ur gonna be suprise once retire ur epf savings gonna triple to quadruple compared to ur peers...

In this day of information age those that retired a poor men is really no ones fault but themselves....

I wud b happy if Fund Mgrs can deliver consistent average returns above 10% pa