What I've learned in my working experience is having good earning capacity does not equate to having good financial literacy.

Same like Maybank CFO, you would assume someone with her stature, knowledge and experience would know better but at last almost got conned.

Secondly, a lot live beyond their means, having millions in EPF might mean they are making good money, at the same time they might be spending good money and as such, need to continue to 'find' money even though they are close to retirement.

I've had people begging the CEO to extend their retirement because they can't afford to retire, having still millions in unpaid bungalow mortgage, and million in expected child schooling.

Full withdrawal is 55yo

Retirement 65yo

So there's 10 year "gaps"....

Either EPF act need to be readjust or newer account category for those working 60-65yo period & contribution rates...

EPF should hire you to work for them
now have 3 events / junction / withdrawal option to keep it simple. So now is 50, 55, 60, if i am FM then senang saja, just increae everything by 5 years senang and this only applicable for those who are currently below age 45, anyone above age 45 stick with the old rules

current epf withdrawal option base on age:
1. When you reach the age of 50, you have the option to make a partial withdrawal from your Akaun Sejahtera. This withdrawal can be applied only once to assist with your pre-retirement financial planning.
2. When you reach the age of 55, you officially enter your retirement age. After years of accumulating retirement savings, you have the option to either make a full withdrawal or a flexible withdrawal.
3. The Age 60 withdrawal is an extension of the Age 55 withdrawal, designed for those who choose to work beyond 55.

Increase the return so that people don't have to work until they die... They can retire early if they can compound their savings at higher rates

Another way is to control inflation and cut monopoly to reduce cost of living for the people so their EPF savings is enough

If rules kept on changing, you can't blame the lost of trust and those who reach 55 will withdraw ALL their savings to put into US treasury to get 5% return.

If one were to look at the retirement age, the higher the number the better it is for the lazy politicians because chances of one reaping their fruits of labor drop exponentially by delaying that retirement age. Less thinking require to balance and plan the book for the country social financial net for aging population.

As much as I like to work until 60 as one earning peak, personally I have seen many around me and also looking at many news and numbers, many don't get to enjoy their retirement as planned when they delay their retirement (assuming one is financially prepared) beyond 60 especially in so called developed country where they are pushing beyond 65.

Looking at MY average life span is 77 (73 for male) and if you retire at 65, what sort of quality you get for next 8 years? Looking at local environments, economy and socio landscape, for me 60 is the max. 55-60 is the best time to call it a day for the rat race. Yes there are exception and outliers, so lets look at the general numbers across the population.

For me I'm aiming to quit within next few months as I'm 56 now. If I get to enjoy as much of what life is all about for next 20 years until 75, it would be great vs many slogging their life from 20-50s...trying to figure out where life destiny taking us and then you have those that barely enjoy their retirement and kaput.. And now we have lazy politicians just want to jack up to 65 and beyond because of some encounter they have. Opinions is easy and everyone have one ...

Its beyond the number, there must be a well thought plan on how to manage aging society. How to keep the old one healthy and productive (not just from making salary..etc) so less strain on the overall country fiscal and a long term plan on how to tackle the demographic changes.

Bumping up EPF minimum threshold, capping minimum amount for certain age etc, its just BS and ain't do jack as that is purely the depositor contribution. Kicking the can down the road only get you so far...

Having said that pretty sure they will amend the EPF to cater for such thoughts, it is inevitable. But how they go about it ie what age group, and what about those already retire midway from 55-60 etc.. ideally as CommodoreAmiga say, those that 10 years away like <40 ish would make sense as they have that 20+ years to make that preparation and transition vs those that >50 now.

Perhaps that is a good thing for many people especially those who feel they will die faster once they are retired.

P/S Expedition 33 is a crazily good game, try it! I have spent around 100 hours on it already. 

Choy…
Eh how la it’s a good thing?

Everyone want to retire early and there are always many type of ppl

1. Retire early scare not enough money to survive
2. Retire early scare no work equal lazy lifestyle faster die
3. Retire early scare later children useless we can't support them
4. Dare not retire as that disturb the norm

To be honest I don't mind increase the retirement age to 65 as long as gov don't change the epf withdrawal rules

For me I just have to plan well and try to retire early but I don't have the balls...

Hai...

Unker is looking at 10 years US Treasury or longer. It's always better to hold USD than Ringgit if both yield are the same

Unker doesn't think EPF dividend will ever go beyond 8-9%. A huge honey jar usually attracts a lot of flies

I'm sure some want to retire early (including many in this thread) but I don't understand why. I don't hate my work, I find it rewarding, and it does give me decent flexibility as well as income. Unless I have a specific thing to do in retirement (besides replay computer games many times), why retire? If you're in knowledge work at some point the work isn't that taxing anymore (physical labour then I understand la) anyway.

Though I guess I'm just contributing to the off-topic..... we lari from EPF dividend very far di.

changing retirement age will take some time to take effect... after gov of the day decided to gazette it... according to chatgpt, back in 2012, it took like 11 months to come into effect.

But the fun thing is... at some point, if gov pushes the retirement too far, EPF don't have any reason to raise any limit... in fact it may need to reduce the limit...
imagine retirement age got changed from 60 to 70 (for example), and average life for men remains at 73 years (assume), then said men can enjoy only 3 years of life. Still need 1.3M or 1.6M or some high number?

 

https://www.nst.com.my/amp/business/corpora...utsourced-funds

Total RM213.21 have been outsource to EPF external fund manager, which is around 17% of EPF total investment assets

It's contribute around 24% of overall investment income

Billion not million.

Doesn't really inspire confidence. It seems the fund really desperate to prevent withdrawals 

Seriously I don't know where all this linkup bankrupt tin kosong thingy comes from...

Been hearing this for don't know how many years already...

Personally EPF is really safe for retirees & old folks... high interest CASA 👍 better than actual CASA which we always hear old folk & certain people keep losing $$$ to scams or illegal transfer....

https://themalaysianreserve.com/2025/06/09/...n-optimistic-1/

Don't expect repeat of 6.3% dividend rates, but it's won't be very bad too.... Probably around 5% average +/- 🙏

read back my post...

i personally give 10 thumbs up if EPF copy cpf monthly payout method..Too many ppl depleted their EPF within few years after retirement age.

If EPF allow me to lum sum transfer my EPF amount to my kids EPF account, i'll do it so that my kid only can access my funds upon their retirement.

Of course the monthly payout are not for everyone, can give exception to high net worth people to withdraw out.

Example those just barely hit the minimum retirement sum cannot withdraw lum sum, only can withdraw monthly like CPF. those above can apply to withdraw the excess.

Only jealous, poorly paid folks with low savings call it a ponzi scheme.

Hypothetical: if everyone withdraws at the SAME time, will it have enough to pay everyone ?

Maybe yes maybe no

See how the situation later on....

As for account 2... There's no mention about lower dividend rates.... It's not highly liquidity like account 3... Only with approved list can withdraw....

I doubt so. If they can have 100% investment return, they don't even need me. Might as well earn all by themselves.

i dont belip gomen can simply change and force old guys like you into whatever new schemes like that

common sense tells me Gomen would be worried you take your money out and run far far

Thats how CPF SG works based on my understanding. A portion will be set aside and pays a monthly pension till u die. Its an annuity. Live long u win, die early u lose.

The rest of the balance is withdrawalble.

Lets see what the Malaysian govt comes out with.

Majority don't even have 10k

How to get the 1.3mil figure leh...

Probably that 240k numbers....

that is not how a traditional pension work... die early you lose... die late.... hurray...