I agree with that too.

Better than useless FD- that's how I see it.

how much of epf ru guys putting as your retirement nest? and let it grow?

is 500k enough or 1 mil or...?

where do you save overseas?

i get you two. epf is a real safe haven to have some fund, its like a forced saving.

1 mil and leave it grow for 25 years will become 4.2 mil @ 6%, which will be super sufficient. even just taking out the interest will be close to 20k/mth.

i may save more, thanks.

appreciate that, thanks.

yeah, but it carries a certain risk. epf is a no brainer fd. so different things...

just put in more fund in epf...

trying to hit 1 mil then leave it as it is.

still got a long way to go.

at 6%, its 5k/month passive.

it's very common in overseas, especially car loan of 8-10%

to them, make sure you have enough dp for a car, if not, you can't afford it.

yes, cause you can buy car for 10k, which is rather easy to save than 40k in malaysia for example

we wont go into details what makes malaysian car price so high

asb 4.5% + 0.5%

what will epf bring us?

i think 5.5%

When you wanna invest, people will ask you for your risk tolerance and projected timeline. There are low risk and high risk investments, there are stable and volatile investments etc.

I'll never compare them. It's good to diversify your investment.

I'll make sure to have sufficient epf because IF everything else fails, I can always fall back on my epf.

Bang, this is superb!

Congrats!!!

are you gonna stop contributing or keep doing it?

do you have a target when you gonna stop? like telling yourself its good enough.

reward the lazy and punish the hardworking ones?

the tax system has done that, no need to bring in investment too.

you intend to withdraw all? where will you put next?

my intention is once hit 1 mil, i can use those additional dividend if i need for my expenses. then unused ones can continue grow from there

5% of 1 mil is 50k/ yr.= 4k/ month, which helps a lot in one's daily life.

thats why its important for people to hit 1 mil asap, but people seem to prefer playing the 'epf will go bankrupt soon' tune.


fd 10%? haha, when inflation is 20% and we will all rekt.

tldr, always invest in your future sell, and your future self will thank you.

its like planting tree, from a seed to a 10m tall tree. magnificent to watch how it grows

This post has been edited by gashout: Dec 24 2022, 10:06 AM

ok, same mindset as me then. great!

you have done well for yourself, and provided a good foundation to your kid.

100%

Process maybe slower, but you will get there eventually

Merry Christmas, everyone.

Many beautiful trees planted

Would be nice to see mean, mode, and median age to hit those amount, I assume it's close to retirement age?

Very interesting

So if you've 500k in epf, you're top 1.2%
If you've 1 mil in epf, you're top 0.45%

and mean age to millionaire in epf is 50-54

👏👏👏

Congrats, top 0.45% 😊

I see lots of people trying to find investment that's better than epf. Yes there is. But to me, make sure your epf is sorted first before going to other investments.

When everything fails, you can always depend on epf to look after you during your old age. That 5-6% is juicy.

A stable ship, despite slow, always reaches its destination safely. Proven time and time again.

So many posts here on

the right retirement age
the right faith in country's future
the right amount to retire

it really all depends on individuals.

nothing wrong to retire at 45 or 65, i personally won't retire cause i love my job and the nature of my job is people rarely retire, and the older we work, the highest pay is there. it's not work work per se, but just being as advisor/consultant.

nothing wrong to have faith in the malaysian system. again, not asking everyone to put all your eggs in epf, but it's always good to have diversification of assets - low risk, mid risk, high risk. i love my country, i will always have some fund in this country. if everything is valued in $, then we all would have moved to europe for the big bucks.

nothing wrong to live on a 5k/mth or 15k/ mth lifestyle. it's all about your spending. im in my 30s and have more than 10k/mth passive. ill still be working. but make sure to look after your health - it's priceless.

wealth are also in other forms:

financial wealth - which we always talk about, as if nothing else matters.
physical wealth - are you looking after your own body well, do you sleep well?
mental wealth - mentally and spiritually, are you doing ok? if not, seek help.
time wealth - do you have time for yourself, your family, and your friends?
social wealth - how well is your social support? this is the best indicator of how well a person will adapt in life, to old age. people underestimate the importance of this.

the other 4 doesn't have a price tag to it, but if i were to have less financial wealth, but i can sleep well at night, have a very strong social support, physically healthy, and have time to do my own thing- i consider that I have done super well for myself.

so do strike a balance in those other types of wealth.

This post has been edited by gashout: Dec 26 2022, 08:05 AM

cause fund is the main thing to invest. no fund, how to invest

new username here pokai pokai, ru crazy?

i have withdrown over 120k from epf before, no problem.

it's called retirement fund, not pocket money when you like it.