Avg amt is like 3K rm. Almost can get a iPhone 15.

Spur the econ for Malaysia.

haha... true true... I am also one of them.... sending the money overseas as part of my portfolio realignment initiative.

but in same time, I still have equity position here, so happy that the masses are spurring the economy for our benefit...
win win... they happy, me happy... we all happy... haha

also to be cognizant that EPF may deploy different "reserve ratio" for conventional vs shariah, like what happened this year.

one more variable to consider.

deem it as EPF doing portfolio balancing.... then don't feel so slighted...

overseas investment seems to be outperforming local for quite some time, so must rebalance periodically...
but someone once told me this strategy is like selling the good names to put into bad; while others did say it is like taking profit while doing dca on laggards.

which do you subscribe to?

to our FM/PM/EPF, these would appear to be the lesser pain vs hiking OPR.
but our ringgit hardly moved really, especially if factor in all the FDI news (if one is to believe the news)

system slow... took a while for the site to respond... i just tried it. even login in also slow and non responsive for more than 10 second after entering password.

no idea... but it has been very annoyingly slow the website since acct 3 can be withdrawn... from needing to wait like 15 minutes in queue to today's lack of response for a good 10 seconds after entering one's password (kinda reminded me of the olden days of dial-up when need to wait a while after clicking a link).

so any retirees who previously was depending on weekly withdrawal from EPF may want to withdraw a bit more each time... in case one cannot login for whatever reason for the day.

funds in epf will accrue the dividend of the year until withdrawal date.

5K rm for 7days accruing at 5.5% gives me extra 5rm thereabout. so that would be 15+10+5=30rm extra vs taking 20K rm at start of the month. 4 plates of chicken rice...

This post has been edited by Wedchar2912: Jun 20 2024, 08:17 PM

retiree mah... every little 5 rm counts...

was just using 5K and multiple of 5K cos easier to see the numbers.

I would think so... my acct 2 (and acct 3also) are both at 0 already... can still take out.

99.9% sure that as long as sum of acct 1 + 2 + 3 is above 1 million, can take out...

what to do.... epf does portfolio rebalancing, so must I.
plus the march reserve incident reduces a bit of my liking of epf. just a bit...

really ar... hardcopy somemore... waste money right?


This post has been edited by Wedchar2912: Jun 25 2024, 12:34 PM

20++ million ringgit is really a rounding error for EPF. as long as their share price don't crash, but even that, its market cap is only 7 billion.

EPf already reserved that from profit last year. lol.

this is a bit too optimistic....

a better gauge would be like 10% of the overall monthly contribution into EPF via salary route... so maybe 1 billion thereabout?

This post has been edited by Wedchar2912: Jun 28 2024, 10:46 AM

speaking of which, what you mentioned here made me realized... we (or at least me) never thought of checking how much we make from EPF... in a similar concept as making money from properties or shares...

maybe can check whats the total sum dividend EPF ever paid us until today..... that should be an interesting amount.

lol... yes, I need the B40 and M40 to spend spend spend.... to improve our GDP so that I can cash out with greater profit from klse equities...

pls pls pls... allow everyone to take out from Account 2 and 3.... the gov of the day will surely be popular...

logically, should just do "special one off" (yeah, that phrase been abused) every one year...

confirm help to stay in power.... and we get to see GDP improvement too...

nowadays still can get golden handshake so easily? if the firm is so generous, i don't think the employees would want to retire early or retire at all...

Imo, if have 2 million in epf, your worries will be different. Not about access as this fact can be demonstrated very easily by doing withdrawals abv 1 million.
I can definitely confirm that above 1 million, u can access and no questions asked

many still thinks that they can work till the age they choose. somehow people are very positive in that sense and thinks they are in control.

sorry lor... i guess it is not common knowledge that upon 55, everything can be taken out, regardless of amount.

no need to stress on your 2 million amount... ...

but back to the real question (sorry, could not resist teasing above)... since you have 2 million already or close, why need to wait till 55 then only withdraw all? u can take out the excess as is, which is also what I am doing since last year...
no need to wait till a specific date.

This post has been edited by Wedchar2912: Jul 10 2024, 02:15 PM