I opted out. Because I already have the flexibility without having to use acc3 😂

according to cpi calculation, 10k in 1992 is only rm21k today.

https://www.dosm.gov.my/cpi_calc/index.php

up to you to believe     

Unker bought a PJ house almost 30 years ago for RM40k. Already 30x...Young fella running the numbers will never understand inflation like old fella

Wooww sudah busy2

It was 50 years ago

Just one look can know it's fake 😂

Confirmed not from actual EPF i-akaun

You says 1mil nothing

How about those having 10k or less in their EPF??? Go jump 14 floor end their life??

I read in newspaper today (yes me still kinda old school)... One lady got only 3k balance in account 2.... Yet want to withdraw that (via account 3 facilities)....

2.5m epf is minimum for retirement for 1 person only in KL. Wife need less maybe 2m in epf to retire because of synergy in cost. Kids is always a big question mark depending on where and what they want to pursue.

30 years from now bah.

That day got 1 article say need at least RM 1mil to retire.

https://www.thestar.com.my/news/nation/2022...-for-retirement

Actually most of the salaried worker can be millionaire, just depends whether you got hand itchy or not.

RM 5k averagely work for 30 years 5% EPF interest edi RM 1mil....Mentioned so many time edi.

Based on retirement age 50 today.
Assume average age 85 - I used Singapore average age not Malaysia which is lower
assume no debt. Have fully paid house and car.
Assume asset replacements 10k yearly
Assume holidays 10k yearly each
Inflate rate 4% epf rate 5% or real gains 1%

doesn’t make sense to put anything more than  1.5~2m in EPF

Can. I have done mine. I don't use NATO but walk the talk.
I am going to withdraw, put back RM3k as self contribute for income tax purpose and another RM3k for PRS and balance throw oversea.

Once my EPF account 3 reach 10k, will withdraw it and dump it into SG banks.

https://soyacincau.com/2024/05/17/epf-accou...-transfer-soon/

Finally, option to opt out from Acc 3.

I dunno about the statistic..

but the place i work, my client they all... really really rich. I can see in Malaysia, there are really A LOT....you will really surprise how many rich ppl in malaysia. I mean real rich. 50 years old and above . not those nonsense young social media forex traders or those celebrate cat birthday at LV store.

but what i see a lot (maybe among the client i deal with) is actually 5% of Malaysian population  

What is this nonsense on the EPF portal?

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Last updated 1:48:27 PM

Please don't tell me you withdraw EPF weekly. 

you would have 2 accounts. Akaun EMAS and Akaun 55? you have choose which to withdraw?

Plans gone awry. Need to do minor adjustments!

Yep. A lot of unkers here doing just that. Money should work for you, not the other way round. Keep doing what you're doing and you will have the last laugh!
11k for a bodoh phone. Siaow. RM2k is the max I will go. Now RM1k phone also extremely good already.  Buy 11k phone
..which do everything same as your last phone....just dumb. My phone already back cover came off and I hold it together with a casing cover, lol. Still have 1 more year of software update I think (Samsung gives 3 -4 years). Won't buy new phone until it's totally dead. Hell, I even done my repair myself my last phone and pass it to my son, still going strong!. Yeah, I am kinda tech savvy. Lol.

If 100k/mth, no problem, but usually these are 3k/mth people who pay monthly installment at max repayment period and that only with withdrawal from EPF. 20 years down the road, no money to retire, cry mother father again. How? Country is farked with tens of millions of these people.

Well EPF did mention about account 3 lower dividend rates moving forward....

So I expecting rates around 2.5% or lower???