Tier dividend? Arent they afraid those who can move out the funds affect the local bourse?

Why dipping into your epf is more harmful than you think

https://mysinchew.sinchew.com.my/20230314/w...than-you-think/

Good reading & valid point stated 👍

First of all, as you mention, that figure is 2018. That time inflation is around 3% plus minus only. So 240k at that point of time is very reasonable. Second of all, it's basic living. Not lavishly rich. At 2018, having 1k per month is livable. Kwsp only targets livable condition. Not rich ppl lifestyle but i agree on revising it again putting in current inflation data to recalculate.

On a second note, is kwsp dividend is equal or higher than inflation, it just means 240k/15 per year = 16k per year (1,333) per month at current economy. If you ask me, i can live with that. I actually spend less than 1.2k a month currently. If i don't have any big purchases la. If normal living that is acceptable. So i think for it's reason and purposes, it is ok. Let's say food rm10 each, 3 times a day is 900 a month. Electricity and water should cost 100 per month (moderately used) and unifi 94.50 a month (cheapest) and prepaid rm30 (actually coastal rm20 but let's just put 30) per month. Petrol would be minimum coz you retired and not need to travel to work daily. That will be around 100 per month? Just a rough calculation. 1,125.50 a month so far. So, 240k now (today) and if dividend rate equal or higher then inflation, retiree can live 15 years. So i will not say it's very far off yet.

ever since i start working and slowly understand personal finance, i always so furious when see this kind of action.....nowaday at work place i keep brainwashing those almost 55 yo uncle aunties to treat their EPF account like CASA, instead of withdrawing it out.....even better if dun have online withdrawal and only go withdrawal when really needed the funds...

Actually this what happens most time...

Use the retirement $$$ for unnecessary things...

Especially like buying new car or goes for European countries / worldwide holidays.... I mean not the typical 1week but like 1month trip or more 😄

EPF approves 299 funds for its member investment scheme

184 of those funds are ready to be offered for the 2023/2024 period.

Of these qualified funds, 81% or 149 are local funds with 70% or 104 being equity funds.

For the first time this year, EPF has included a sustainable responsible investment (SRI)-based unit trust fund in the list as part of its commitment to embrace sustainable investing and the mainstream sustainability agenda.

“As an incentive to encourage members’ investment into an SRI-based fund, the sales charge is reduced for transactions made through EPF’s i-Invest online platform from 0.5% to 0% – or not more than 1.5% for transactions via agents,”.

https://www.freemalaysiatoday.com/category/...estment-scheme/


https://www.kwsp.gov.my/member/investment

Buying through EPF no SC 🤦‍♀️ only management fee and custodian fee

UT was my first foray in investment after started working.. did DCA (form of forced savings) for 2+ years and now stop invresting in UT
Went into dividend stocks for better returns.

Now after 20 years my UT investment is worth >250% .... so little only hahahaha