I wish every year is an election year

Stock market so good in malaysia and all over the world. Should be better than last year. 6.5% ?

Samsudin said the dividend rate was declared on the back of a record gross investment income of RM35 billion, a 12.81% rise from the RM31.02 billion gross investment income recorded in 2012.

My EPF contribution in 2013 alone alrdy RM46,000...

hope this year...target maxRM 60,000 or more less RM50k...

1st two months, alrdy accumulated this year..RM10k++ 

this is discussion...then why u come in this thread..

If someone continues to contribute young (say if they start at 25) and work till early retirement (55).
Monthly salary of average 3K, 11% self, 12% employer contribution. avg 5.5% divi, including adjusting for inflation 3%.

They can achieve millionaire status (7 digits) in retirement fund by 55.

For those who already achieve their goal today (7 digits) in their fund,
they can live on the dividends alone with moderate lifestyle and leave the rest in there to continue
to collect the dividends every year.

So, slow and steady... everyone can reach their goal! 

I assumed in line with inflation 3%..

No, NOT a single withdrawal for ANY purchase from the main account. If anyone wants to save for house purchase, he/she can open 2nd account and definitely can contribute now (self contribute or ask employer to help).

Don't pour cold water lah!..  just tell 'em it is 7 digits with no decimal points! 

But still a millionaire 

are you sure EPF distribute almost 100% profits to members?    why I got the feeling "they" kept some profit for "unknown" thing?  

nexona88,

You do know that THE GOVERNMENT's debt is about the same size as EPF.  And, THE GOVERNMENT's debt is increasing faster than EPF every year.  So, it is just a question of WHEN.

"Don't worry, be happy!!!"

There will be people that cash out FD to put extra into EPF to keep this ship afloat a bit longer.

Dreamer

prophetjul,

<<The way your are writing is as if the country has NO other source of income.>>

1) DEBT is increasing because EXPENSE is greater than INCOME...  Since THE GOVERNMENT's debt is growing, we can agree that the EXPENSE is greater than INCOME every year

<<The more important is the cash flow to manage these debts. >>

2) So, the QUESTION is the CASH FLOW into EPF big enough cover THE DEBT increase??

  A) Is the EPF contribution rate increasing??

  B) Is the EPF withdrawal age changing??

EPF is the accumulated savings of many years of many Malaysians.  It is THE LARGEST POOL of money in Malaysia.  But, it is at the same size as THE GOVERNMENT's debt.  And, THE DEBT is still increasing at 40 to 50 billions per year.

So, it is OBVIOUS that THE GOVERNMENT need to borrow from THE FOREIGNER to cover THE DEBT pretty soon.  If it had not happened yet.

Dreamer

If govt gone bankcrupt which is unlikely, court will lelong govt's assets to repay us, or govt can reclaim land(current price rm38m/acre & Johor & Singapore with be separated by a stream) and payback creditors with land.

prophetjul,

1) EPF is the LARGEST POOL of money in Malaysia.  If EPF cannot cover the increase, there are NOT ENOUGH local debt holder to cover the debt increase.

2) In summary, THE GOVERNMENT is borrowing from the FOREIGNER now.

http://www.themalaysianinsider.com/malaysi...nomic-dashboard

<< That would be the fourth red light blinking on the dashboard of an economy running on debt on all fronts: government, households and the capital account.

The possibility has unnerved foreign investors who have US$45 billion (RM160 billion) parked in the country's bonds and have lent a total of US$208 billion (RM741 billion) to the high-yielding Southeast Asian country.>>

- See more at: http://www.themalaysianinsider.com/malaysi...x.P6LtLpxj.dpuf
3) By the way, you are the person that posted this fact on the other thread.

https://forum.lowyat.net/topic/3374996/+420

Dreamer

A total of 20,867 have bal > RM1.00 mil with EPF @ 31/12/14
On average, tis individual have RM1.63 mil each with EPF

Nope, still a Long way to go

you are one of the 20K people that having 1mil in EPF?