Point to note.
Chinese savings almost 4X the Malay savings.
Will it be the same for ASM/ASB?

I am not asking you directly, but why impact this particular slice of the population? What are the benefits of this policy that helps the group or the general public?
In my opinion, young millionaires should be allowed maximum flexibility to gain whatever they can with the capital on their hand, time on their side, energy to pursue ventures and lastly know how of current business edge. I’d argue they are the prime group to be allowed to take some risks in terms of investment.

maybe this analogy can shed some light...

I don't speed when I drive. Its just a choice. So does this mean I should be ok for the gov to install hardware limitation to limit all vehicles to max 110 km/h?

(ops... maybe I should support this... haha)

I understand both u guys punya analogy and both makes sense.

In my opinion, those with >1M are well disciplined, matured and financially savvy enough to not require govt intervention in how to manage our EPF balances.

If they wanna impose tighter withdrawal limitations, do that only to those with low balances and who only think about short term needs.

EPF says more focus to Local Equities Market. One of example as I saw is Nestle Malaysia. Shares keep dropping but EPF keep buying non stop.

That is b4 boycott.

got ppl so free day day check epf?
i dont even know my total, the last round i check was when i login to see the 6.3% dividend and only focus on how much was the dividend and not on the total amount
if suddenly EPF system glitch and added 10k for me i wont even know

Hence my earlier point about baby manage even these people. Does this make sense?

Say there is an super healthy athletic person. His choice to drink full sugar coke, but disallowed. Excuse he should know better or he most probably won't drink also???
his choice rite?

What's Epf for to begin with and why the 1 million limit?

EPF is your last man standing. I think most people who has RM1mil plus in EPF would have other investment outside of EPF.

Besides, using a simple method of callculating age against your risk portfolio. At 50, you should have a 50% low risk investment while 50% can be for in high risks investment.

Having ALL your money in high risks investment is not really safe. You never know what shit might hit next...especially with Trump around.
Nothing wrong being conservative. If you being conservative and you still can achieve your post retirement income, it's still great! Everyone just do the way they best feel for them. No need to have RM10 millions to retire. At this age, only can eat healthy and eat less...as long debt free, got medical insurance, got passive income, money is not really an issue. I live a moderate life...my passive income can cover everything and still can grow. Better being conservative than stupid like some recent news, 70+ years old kena scam millions because of greed. At 70+ already can smell the coffin already very near. Dafark want to be greedy for what?

For Unker, just assume someone is trying to withhold your retirement pot much longer by spinning various reasons. Deficit of this country is growing and they might also lose some dividend from Sarawak. A big tasty honey pot usually attracts a lot of shit flies...

When Unker heard EPF allowed additional contribution up to RM 100k after COVID, Unker started to smell something rotting. But many YouTubers and their dogs are trumpeting it like they just discovered fire. Unker knew something scary is lurking behind. Open the gate wider and let them into the barn before shutting the door. Then, the "special adequacy framework" came up. Unker can take money out anytime but just calculate how much money they're able to trap using this strategy. Kesian those who kena F in the face. They just gonna work a few extra years to pay taxes for "don't know for what"

Unker withdrawing some money to buy US treasury to get 5% in USD. Diversify a bit for safety against policy stupidity and dishonesty. Unker live long enough to learn not to trust any government

If self contribute extra into EPF, need to wait till retirement only can withdraw right?

Isn't obvious?

After COVID, increase voluntary contribution to xxx

Then, re shuffle into x Accounts

After few years, "move goal post" higher

This week, retirement age increase

Any little children can see it

Your money is safer in 30 years US Treasury Bond which gives out more than 5% of coupon. At least, US government keeps their promise

Fool me once, shame on you

Fool me twice, ....

Actually speaking...

29 May Thursday is safest,

But you want to risk it to Max... Then 30 May....

And Yes, it's captured as May 2025 contribution

You might want to double check on the rating of US Vs Malaysia. Even if US got downgraded recently, it's still higher than Malaysia. If their bond yields higher than ours, Unker doesn't understand why you guys are afraid. You should be afraid of lower ratings for Malaysia. You should be afraid of given lower yield in KWSP because .....

You can choose 10 years bond US Treasury and hold to maturity to avoid duration risk

Dude,

You do you, let others do theirs.

You are in EPF dividend thread....

US Treasury or EPF is not be all end all. Its one of the option and no such thing as one perfect fits all solution....

when young...  minimum epf...  max outside

when old...  maximum epf...  min outside

zero risk... 2.5% div guaranteed...  6.5% casa is hard to beat

happy to keep my $ in epf...

EPF itself is diversification.

I  m retired for many years but still doubling down x2 annually.