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 EPF DIVIDEND, EPF

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CommodoreAmiga
post Nov 13 2024, 10:56 AM

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QUOTE(dwRK @ Nov 13 2024, 10:55 AM)
projecting higher is good...

the more professors and economists doing it openly the better... we must support...

6.25 to 6.5%... this give gov and epf some pressure... wink.gif

aim high... fall a bit short is ok... tembak 6.1%... hahaha...
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Then aim 10%, get 8%....auntie at pasar beli sayur. laugh.gif
CommodoreAmiga
post Nov 17 2024, 07:26 AM

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QUOTE(LostAndFound @ Nov 15 2024, 10:34 PM)
When you are still in your earning age, time is worth much more because you have less of it. Private hospital can save significant amount of time.

Retiree what they have most of is time (time to wait and not rush). So there is some sense there.
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simple things can go Public clinic. Like i have tried public clinic recently for normal flu/fever. Suprisingly, eventhough there's lots of people, it was fast! Much faster than my regular doctor at a private clinic! So i will use public clinic and hospital if not urgent. Also cost me RM1 instead of RM60 at private clinic. If private clinic gives antibiotic, straight RM100. Apa lagi Ah Pek mau? 😅
But for urgent case like dental...how to wait months? Just went to dentist yesterday to do a new crowning.

My take:
When working - can claim company, claim lah, go private.
When retired - can go public clinic/hospital for small non ugent case. Always have medical insurance ready in old age in case shit hits the fan. You have option private or public without worries.

But of course, some taikos here with networth of RM10 millions and more....haiya. Move to hospital to stay also can. No need to worry about insurance either. 😂

This post has been edited by CommodoreAmiga: Nov 17 2024, 07:36 AM
CommodoreAmiga
post Nov 18 2024, 06:35 PM

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QUOTE(gashout @ Nov 18 2024, 04:53 PM)
when young, you have strength and time, do double triple work, earn more. and make the money work for you later on.

45 years as a salaried 9-5pm worker, i cannot.
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If work 45 years, i would be still working now instead of playing Black Myth Wukong. Holy Fark.
CommodoreAmiga
post Nov 27 2024, 08:09 PM

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QUOTE(batman1172 @ Nov 27 2024, 04:23 PM)
Any reason convert already cannot opt out?
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Like you masuk agama...one way street.
CommodoreAmiga
post Dec 3 2024, 08:57 AM

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QUOTE(gashout @ Dec 3 2024, 07:21 AM)
so 62.2% is invested locally....

go swap the ratio, PMX!
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Careful don't mention politikus by name or designation....here very sensitive people....
CommodoreAmiga
post Dec 4 2024, 05:51 AM

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QUOTE(poweredbydiscuz @ Dec 3 2024, 05:32 PM)
Dividen will be given until the day of withdrawal (unless it's full withdrawal and close account).
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So doesn't matter when to withdraw. thumbsup.gif
CommodoreAmiga
post Dec 7 2024, 07:05 AM

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QUOTE(togekiss @ Dec 6 2024, 09:36 AM)
however, the basic savings requirements are so low to begin with. it's just like setting 20% as the passing mark in SPM.
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QUOTE(nexona88 @ Dec 6 2024, 10:34 AM)
This one also many cannot achieve

If increase higher like 500k or 1mil...

5% or less only have achieve..
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Don't even know what's the purpose to have target if set so low. With RM 1k/mth, it's basically still in hardcore poverty. Better set a higher standard where 20% can achieve rather than syok sendiri to let 80% to achieve. When 55 years old that time, suddenly found yourself farked because your "Basic Saving requirement" is a joke. Better to know yourself farked at 40 than 55. Sweeping problems under carpet will not help.

This post has been edited by CommodoreAmiga: Dec 7 2024, 07:06 AM
CommodoreAmiga
post Dec 7 2024, 11:34 AM

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QUOTE(Cubalagi @ Dec 7 2024, 07:55 AM)
Not relevant data set..members below 55 years old is a huge range. When I started work I also had below RM10k.

They should be publicising the balance of those closer to retirement like 55.
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Yes, that statement is totally skewed and propanganda infused. Should show people 45-55 for a realistic useful figure.
CommodoreAmiga
post Dec 11 2024, 12:38 PM

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QUOTE(theevilman1909 @ Dec 11 2024, 12:20 PM)
EPF $$$ only goes to Unclaimed Monies after the member hit 101yo.
EPF give 1 year "chance" / "window" to withdraw all... 

if the person dies before & No claim against the $$$... Dividends would be paid & credited as usual till 100yo
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Wonder how many people can achieve 100 years old unclaimed money in EPF. Maybe only Mahathir.
CommodoreAmiga
post Dec 11 2024, 04:29 PM

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QUOTE(MUM @ Dec 11 2024, 01:02 PM)
Just wondering, ...
Out of these numbers, how many of them joined to be KWSP members and how many of them still hv not withdrawn or closed their accounts if they are KWSP members
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Wah lau 18 people 120 years old? I think dieded liao and not update.
CommodoreAmiga
post Dec 12 2024, 07:01 AM

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QUOTE(Wedchar2912 @ Dec 11 2024, 07:57 PM)
if can still walk independently and go to toilet independently, not so bad... but pretty sure no more teeth to eat any solid food anymore.

else, really better be gone and maybe get isekai'd to another world already.
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Same...let me die or isekai'd to be a young warrior in a far off land.

This post has been edited by CommodoreAmiga: Dec 12 2024, 09:56 AM
CommodoreAmiga
post Dec 12 2024, 12:21 PM

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QUOTE(nexona88 @ Dec 12 2024, 11:42 AM)
Basic Retirement income for EPF been increased to RM 390,000 now from previous RM 240,000

https://www.google.com/amp/s/www.nst.com.my...rk-62pct-rm390k
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Finally. We have been talking for ages the RM240k joke. IMO, it should be set to RM500000 at least, but this is at least moving in the right direction. No point to syiok sendiri and found out you are farked when retired.

QUOTE(Wedchar2912 @ Dec 12 2024, 11:51 AM)
yay... now can claim even more people cannot afford to retire by 60... 70 soon?
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QUOTE(GambitFire @ Dec 12 2024, 11:54 AM)
Probably EPF is pushing the government to increase the retirement age.. even when the basic savings was RM240k, majority can’t even achieve it now increase to RM390k, sure koyak la.
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QUOTE(nexona88 @ Dec 12 2024, 11:58 AM)
Hehehe...

With this new basic saving numbers...

Confirm lower people archiving it...

So retiring at 60 become burden....  Need to work beyond that age... To survive
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Gov can now justify to push retirement age to 65.
CommodoreAmiga
post Dec 12 2024, 01:05 PM

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QUOTE(gamenoob @ Dec 12 2024, 12:37 PM)
60 too young to shake leg anyway.... but it will have to be managed la on how they implement the 65....
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I am not yet 55 already shaking legs.... rclxs0.gif
CommodoreAmiga
post Dec 12 2024, 01:17 PM

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QUOTE(gashout @ Dec 12 2024, 01:09 PM)

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QUOTE
Launched in tandem with Belanjawanku 2024/2025, the newly introduced Retirement Income Adequacy (RIA) Framework revises the recommended savings level from a single benchmark to three tiers, comprising "basic", "adequate" and "enhanced" levels of savings.
1. Basic - Minimum requirement PC SPECS to be able to open game without crashing.

2. Adequate - Recommended Specs If you want to have playable frame rates

3. Enhanced - The top tier specs for running Wukong at 4k, 60fps, Full RT ON and everything high.

laugh.gif laugh.gif laugh.gif

In real life:

1. Basic - Mampus ko, pandai pandai lah kerja sampai mati.

2. Adequate - Mungkin cukup kalau mampus at 75.

3. Enhanced - Nak hidup macam manusia, ini lah dia.
CommodoreAmiga
post Dec 12 2024, 02:13 PM

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QUOTE(nexona88 @ Dec 12 2024, 02:05 PM)
Why I got feeling

This 3 tier is for something bigger... Later on...

Remember we got discuss about tier dividends....

🤔🧐
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Will withdraw all then if it happens and just leave the basic amount. laugh.gif
CommodoreAmiga
post Dec 12 2024, 04:05 PM

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QUOTE(dudester @ Dec 12 2024, 04:00 PM)
Thats 39 years later.
30 years ago 200k house is 1mil today.
Lunch was 3rm, today 10rm.
Technically by then you would need 550k x 3 to retire. and we are not even looking at exponentially inflation.
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Chicken rice RM30 by then. Roti canai RM10.
CommodoreAmiga
post Dec 13 2024, 12:44 AM

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QUOTE(batman1172 @ Dec 12 2024, 08:37 PM)
Maybe just maybe
By 2026 : 56 yo only can withdrawal
By 2027 : 57
By 2028 : 58 and so on until 60
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This will be inevitable as they raise the retirement age. But i believe it will be done to the younger crowds onwards. Maybe those below 40 years old.
CommodoreAmiga
post Dec 13 2024, 02:47 PM

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QUOTE(prophetjul @ Dec 13 2024, 02:09 PM)
Thats me now.  tongue.gif
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Unker prophetjul top 0.01% in Malaysia.... brows.gif
CommodoreAmiga
post Dec 13 2024, 03:42 PM

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QUOTE(prophetjul @ Dec 13 2024, 03:05 PM)
Wishful thinking.  laugh.gif
Top 20 is just fine. Imagine all the crooks with 10 to 50 million.
Top 20 probably 5million plus.
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Fuiyo!!!! Top 20 > Top 0.01%. Top 20 is like Taib Mahmud family level liao.... notworthy.gif
CommodoreAmiga
post Dec 13 2024, 07:28 PM

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QUOTE(nexona88 @ Dec 13 2024, 05:20 PM)
Eventually the ending would be like Singapore

But not at least another 10 year...

Only might happen after Malaysia become aging nation 🙏
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Unlikely...because here majority votebanks will turn on you. Else we will not have so many EPF withdrawals. All to appease the majority votebank.

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