Likely will affect a little.

No read Chinese. But we all know the statistic. No matter how you cut and slice it's not enough for most people if that is their only retirement fund. Also RM240k target is a joke. They should put a disclaimer (*We expect you to have at least twice this amount outside of EPF for a safe and respectable retirement).

Now US market still not stable could have potential for another crash.

BURSA buy bluechips unlikely total lost lah...just don't buy those sampah goreng stocks or racially weaponized stocks like Serbuk Dynamo. EPF 6% very excellent already. If can average 5%, i am ok already. Go US stock market for high growth, high potential stocks and with high liquidity.

Agreed, the younger you are, time is on your side, can put more in high risks instruments. But at the same time, you can also top up EPF, albeit lesser into it. Use the simple 100-your age. So, 35 yr old can put 65 into high risk investments. Remember, EPF also has the advantage of bankruptcy proof. They can't touch your money in EPF (unless you launder money or terrorist lah).

This post has been edited by CommodoreAmiga: Aug 15 2024, 09:37 AM

Thinking to get WuKong...not sure if my PC(RTX 3060 only)can run, else maybe get a PS5 Pro for it...erm..ok, I will withdraw EPF dividend next week to buy PS5 Pro and Wukong ....😅 Still EPF related...

I haven't withdraw EPF yet....so not really sure. Maybe go next week to setup online withdrawal.

Anyway:
a) Not sure. If you put in 10k from May to Oct, will you get dividend for these 6 months?

b) No. Ex: you earn 50k dividend last year. So you can setup either automatic monthly withdrawal say 4k, or you withdraw online as and when needed. But daily online withdrawal limit is 30k if i am not wrong. So this way, you get more dividends as the money not withdrawn still earning in EPF for next year.

(a) Monthly contribution if stays until end of the year, will earn the dividend. What i said earliar is, you put 10k in May, withdraw 10k in Oct. So i think this is correct "Any principal withdrawn before the financial year, is no more entitled to dividend declared for the year."
(b) Yes, my understanding the same. So this ties back to (a), you have withdraw 100k before the end of the year, so no dividend elligible.

Good question...i also want to know. mum.

I think this is the keyword. So if i withtdraw 10k in say, on March 15. I still get the dividends (from 1st Jan to March 15) based on daily aggregate balance. Korek me if i am wrong.

I have just done an RM100 withdrawal via the EPF app yesterday i think. Probably will need to go to EPF to verify for thumbprint for first time. Let's see how the process go. I will update later and share with everyone the process. One thing when withdrawing, it will ask your Bank Account, which must be same as current bank account. I forgot and put in another bank, doesn't allow me. So i put back the original bank account.

This post has been edited by CommodoreAmiga: Sep 8 2024, 10:38 AM

UT is the most fark up scams. Gov shouldn't allow UT agents to leach off unsuspecting contributors in the first place.

At EPF now, just done. Basically, you go straight to those kiosk. Your request from the withdrawal will pop up and you just click click and done.

I check the app again and it says status approved, so now just wait to bank in to bank account.

No need to go two times or use tricks like what we have discussed a few years ago to avoid the need to go there twice.

So, just use the app function to withdraw (over a million, over 50, over 55) and then wait for SMS and app notification to ask you go to EPF.

I use the app on Saturday and received SMS and app notification this morning. Reach there, no need to ask the counter guy either...walk straight to kiosk.

EPF down now? Can't login via app or website.

I would say, looking at last 10-20 years average, 5% average is a very realistic figure. The amount depends on your age. If you retired like me now, you'll need less. If you are going to retire in another 20 years, maybe add RM 1.5m to whatever the figure you're looking at.

This post has been edited by CommodoreAmiga: Sep 10 2024, 10:20 AM

App up already this morning. My withdrawal record shows the RM100 approved and payment date is 10th, today. Let's see if i receive the money end of the day. Then i will make another withdrawal to test, which should not need any thumbprint verifications.

My RM 100 credited to my account already.

So Monday verified the thumnail, transaction approved, today Wednesday, money entered. Just 3 working days (inclusive).

Time to withdraw EPF to buy PS5 Pro (announced last night incidentally). Hahaha.

You can adopt me to be your sole heir. 🤣🤣🤣
Anyway, unker here advice young people to have kids.

Not because you will be lonely or what, because to me raising a kid is the best experience in my life. Money can't buy.

Not dissing you, bro, you have made your choice and at peace with it. I am just sharing my own personal experience. I didn't think too fondly about having kids before i do. After had one, i realized that is the best thing ever happened to me.

Already get for PC version...my RTX3060 still can run after use modded driver to enable FG. But i totally sucked...only played like 15 hours.... err...ok withdraw EPF withdraw EPF buy PS5 Pro...(must insert compulsory keywords).

Penangguhan Sementara Pembayaran Pengeluaran: 16 & 17 September 2024

Tarikh: 12 Sep 2024
Penangguhan Sementara Pembayaran Pengeluaran: 16 & 17 September 2024

Dimaklumkan bahawa bank panel KWSP iaitu RHB yang memproses pengkreditan bayaran pengeluaran ditutup pada 16 dan 17 September 2024 bersempena dengan Hari Malaysia dan Maulidur Rasul. Oleh itu, pengkreditan bayaran pengeluaran yang dijadualkan pada tarikh tersebut akan diproses pada hari bekerja berikutnya.

Kami mohon maaf atas sebarang kesulitan dan menghargai perhatian anda.

Mengenai Kumpulan Wang Simpanan Pekerja® (KWSP®)
Kumpulan Wang Simpanan Pekerja® (KWSP®) merupakan antara dana persaraan terkemuka di dunia. Ditubuhkan pada tahun 1951, KWSP merupakan organisasi keselamatan sosial yang fokus terhadap melindungi simpanan ahli dan menyediakan perkhidmatan terbaik. Selaras dengan matlamatnya untuk membina masa hadapan persaraan yang lebih baik untuk rakyat Malaysia, KWSP telah melebarkan fungsinya untuk merangkumi ekosistem kesejahteraan sosial yang menyeluruh. KWSP terus komited kepada ahli melalui inisiatif-inisiatif untuk mengemaskini dan menambah baik, agar dapat membina asas kukuh bagi menjamin kesejahteraan mampan, holistik dan saksama untuk semua rakyat.

This post has been edited by CommodoreAmiga: Sep 13 2024, 11:00 AM

EPF has nomination for your money. If you gg, kid get, still the same. Important is to teach kid financial prudence, investment and scams. This is what i do now. Whenever see scam news, tell my kid, explain to him. Kasi brain wash kaw kaw. Also tell them never trust Unit trust. Investment must learn the hard way. No get rich quick scheme. I even try to help my nephew who is very bodoh financially, but he never take initiative. Fed up. I have tried.