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 EPF DIVIDEND, EPF

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kevyeoh
post Feb 14 2022, 03:32 PM

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wahh...on paper can see the gain also feel good already... already can imagine sikit sikit lama lama jadi bukit...by the time retire...syok lo... to me this paper gain also very nice already... biggrin.gif

QUOTE(KIP21 @ Feb 14 2022, 12:58 PM)
All these excitement on the dividen is for some that qualify to withdraw.. Else it's just be a paper gain and by the time we know it, kwsp might follow Singapore and increase the retirement age and withdrawal will be delay.. Can only see and feel good but whne can not withdraw, it's another story.

Just wondering, can gomen ammed the condition for withdrawal overnight? Or can they also overnight remove the above 1mil withdrawal clause?

Curious.
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kevyeoh
post Feb 15 2022, 04:16 PM

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good points shared here...to those skeptics or always think negatively...do you want to be the one with 550k savings or 0 savings when maggi mee reach RM50 a packet or chicken rice is RM10? Anyway, i think usually for such cases, it is exaggerated la. it may be true there is a particular famous chicken rice stall selling for RM10 but who ask you go and buy from that stall? there are still plenty of chicken rice stall selling easily RM7 and below....
kevyeoh
post Feb 15 2022, 05:39 PM

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is ok...still...my point is you can always opt for cheaper alternative...or based on your updated example, just don't add char siew la... just work around with what you have and spend within your means... thumbup.gif

QUOTE(Wedchar2912 @ Feb 15 2022, 04:26 PM)
actually, my chicken rice example is cos I add char siew.... hahaha...
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kevyeoh
post Feb 16 2022, 09:55 PM

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must always be so pessimist meh? already explain assuming worst case scenario, wouldn't be that hard for that person to do extra job or maybe get promo and get better increment etc also...

QUOTE(MUM @ Feb 16 2022, 09:16 PM)
hope you did not tell him by that time,...will the purchasing power of his RM1 mil would be approximately equivalent to RM XXX k now??....(assuming the inflation rate is 4% and the dividend rate is 4% too)
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kevyeoh
post Feb 17 2022, 09:10 AM

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i have been hearing about inflation for many many many years...yes, people talk about back in the days when a bowl of mee cost RM1 and below and now it's like RM6 or RM7...true...
assume that bowl of me will be RM12 in 20 years...to me...having RM1mil in EPF in 20 years time when a bowl of mee cost RM12 is still a damn nice position to be in....i would rather not spend it now just because it is worth more today to spend....

QUOTE(Wedchar2912 @ Feb 16 2022, 09:58 PM)
sure, a million ringgit is not much.
But it sure is better than having lesser than a million ringgit right?

Obviously if there are better alternatives to accumulation of wealth, go for it. But do you have something else in mind that will do this?
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QUOTE(MUM @ Feb 16 2022, 10:01 PM)
if want to make assumption, have to include inflationary cost....from there, if realised not enough, then wouldn't be that hard for that person to do extra job or maybe get promo and get better increment etc also
better than having a dream target of RM 1mil smashed when at that time realised that 1 mil is not what is seems to be now.
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QUOTE(gooroojee @ Feb 16 2022, 10:03 PM)
Different things. What MUM said about purchasing power is spot on. If your assets including cash is going to devalue over time (e.g. inflation 5% but FD only 2.5%), it's actually more worth it to spend it today...

That aside, all the ways we can accumulate wealth is well known. Higher risk higher return lor.
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kevyeoh
post Feb 20 2022, 11:17 AM

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sabar sabar...sooner or later sure will have... smile.gif

QUOTE(Hagendaz @ Feb 20 2022, 11:15 AM)
it up.. but no dividend :-(
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kevyeoh
post Feb 20 2022, 11:39 AM

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somehow if you go check on your eligible withdrawal...some of the option already showing your 2022 contribution also... like the option to fully withdraw if you leaving the country.... so in a way....if you really wanna check your most up to date contribution, got ways to do so...
kevyeoh
post Feb 20 2022, 11:56 AM

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yes yes...indeed... we should all follow kak mah... sikit sikit... lama lama jadi bukit...

QUOTE(Chrono-Trigger @ Feb 20 2022, 11:53 AM)
EPF is like this, when young cannot see much

but as get older, the money grows a lot, and suddenly become very significant...
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kevyeoh
post Feb 20 2022, 12:31 PM

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why discuss about tiering when everyone worked hard and also contributed to EPF? then those who work hard to earn more should be penalize?
kevyeoh
post Feb 20 2022, 08:19 PM

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If looking at FD only like no brainer to me... EPF guarantees 2.5% and FD rates now like bleh...

QUOTE(Human Nature @ Feb 20 2022, 06:56 PM)
Don't want to continue raising the amount to suddenly enter a bracket that gets lower dividend and cannot get it out back.
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kevyeoh
post Feb 21 2022, 09:27 AM

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it matters to some who can take out the money...
i'm sure there are retirees and also those with RM1mil and above balance already...

QUOTE(Avangelice @ Feb 21 2022, 09:25 AM)
Why is everyone so hard up about the epf dividend. They will announce it in due course. It won't matter as your money cannot be taken out.
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kevyeoh
post Feb 21 2022, 09:33 AM

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no apologies needed... thumbsup.gif
QUOTE(Avangelice @ Feb 21 2022, 09:29 AM)
Oh I didn't realize this. My bad. Apologies
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kevyeoh
post Mar 2 2022, 12:43 PM

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sauce?

QUOTE(gempark @ Mar 2 2022, 12:37 PM)
6.10/5.65

Enjoy
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kevyeoh
post Mar 2 2022, 05:05 PM

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u try check eligible withdrawal number... can see they already capture your self contribution dee...

QUOTE(immobile @ Mar 2 2022, 02:34 PM)
i selft contributed in jan but it has yet to show up  cry.gif  cry.gif  confused.gif
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kevyeoh
post Mar 20 2022, 10:26 AM

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30 years ago rm1mil probably can get me a big bungalow and big car with spare cash left as well after spending...

But i am still very happy today if i can manage to save up rm1mil in my epf account and probably afford to buy a small condo or apartment...

You are right about inflation but either you know or have ways to earn better returns or still make sure you save in epf get better returns than fd is still something and better...

QUOTE(familyfirst3 @ Mar 17 2022, 10:18 AM)
I believe not a problem for younger ones to reach RM2mil when retirement but the value could be different.    RM2mil may buy us a beautiful bungalow few years back but for them maybe just a nice terrace house. 

In fact could be more than RM2m cos we are not taking into consideration salary jumps when moving to another role or when promoted.
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kevyeoh
post Mar 20 2022, 06:24 PM

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well...if you are targeting RM1mil only then i guess yes la...definitely not for car etc...but what if you manage to hit RM2mil? with 6% dividend...RM120k can get a pretty decent car leh... just manage for one year do part time to cover chap fan and utilities...haha


QUOTE(dwRK @ Mar 20 2022, 12:48 PM)
imho... epf retirement money is for chapfan, utilities, holidays, medical, etc... a bit too late for house/car/big ticket items...
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kevyeoh
post Apr 2 2022, 09:51 AM

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Makes me think now if i should withdraw from pnb and put in epf...

QUOTE(Ankle @ Mar 30 2022, 02:27 PM)
ASM managed by PNB for 2021 dividend 4 sen per unit (4%)  shocking.gif

EPF did so much better.  rclxm9.gif
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kevyeoh
post Apr 2 2022, 02:49 PM

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See plumberly reply... why i consider is because in actual fact i never withdraw from pnb before all these years so i am ok if my money stuck in epf a bit more... no longer young so i dont have to wait long... so now thinking la.. if i am at a retirement age and able to withdraw then it is a clear cut easy decision for me already... afterall epf guarantees 2.5% also... got some safety net...

QUOTE(!@#$%^ @ Apr 2 2022, 10:07 AM)
yes, it is obvious
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QUOTE(plumberly @ Apr 2 2022, 10:27 AM)
My 2 cents, no clear answer.

a. When you need some money, hard to withdraw from EPF unless you are above a certain age.
b. A disaster if EPF goes for the tiered dividend scheme, yes, can withdraw then but where to put it? Difficult to put into ASX.
c. Things may change with ASX doing better than EPF like in the early years.
d.
e.

Weigh the pros and cons, then decide. Not just on the higher EPF %.
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kevyeoh
post Apr 22 2022, 01:46 PM

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yeah, the 10k withdrawal is indeed related to EPF...not like the withdrawal is from own FD from bank...so i also cannot understand why the 10k withdrawal cannot be classified as EPF related...

QUOTE(!@#$%^ @ Apr 22 2022, 10:52 AM)
10k is RELATED to EPF. there is no such thing that only specific topics within EPF that is allowed. if it's applicable to u, cheers. if not, then can ignore. if not satisfied, can report to mod.
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kevyeoh
post Apr 22 2022, 10:37 PM

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i thought the topic is "EPF DIVIDEND, EPF".... if it's only "EPF Dividend" then yeah it's out of topic for the 10k tongue.gif

QUOTE(dwRK @ Apr 22 2022, 02:07 PM)
yeah... some minor cross talk should be OK lah... if blindly follow ts post in 2013 and title... how much can we bitch and moan about 6.1%... lol

technically speaking... 10k is not even dividend related... how many tered we need to open... lol
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