I'm waiting someone to release their unit so I can cash-in in ASM. Lol

I still have long way to go before retirement, a lot uncertainty, not dare to put in EPF

Top up contribution monthly in small amount only to EPF

Thinking to shift ASM balance fully into EPF soon.

am thinking one step deeper... lol...

primary motivation to lock some funds into epf... is protection against scammers... bad investments advice... etc etc... this way we can gg happy knowing their retirement is secured...

reason we didn't go the property route... notwithstanding above... too much hassle imho... they still have our cash and home... lol

am also in the midst of setting up a trading bot... hopefully this will be my legacy... free money for life... hahaha... anyways still early days...

What percentage of the world's adult population are millionaires? 1.1% of the world's adult population are millionaires. This adds up to about 56 million people. Collectively, this group has about $191.6 trillion and controls about 46% of the world's wealth.24 Feb 2023

RM 5m is something.

if this sum in EPF it earns RM300k per year.

To be able to invest in SG properties does not mean you are rich. T20 is not rich. t1 is rich.
To have MYR 5mil means nothing in the context of investing in SG properties. It's a measly SGD 1.44 mil. 

Never mind others. RM5mil is no chicken feed either. It's very comfy to live here with RM5mil. All in context.

55 yo 2.4 mil is a very good comfortable level. Around 10k dividend to spend a month.

Dunno for EPF case is called daily or monthly.....

but i can confirm for EPF case, u pump in 100k lum sum will nett you more interest then u contribute it every month, because for each month additional contribution example 1st of the month, you only get 1 day of interest, instead for whole month interest.

35 years old this year and house loan got 30 years old.. Lama lagi lol.. I can sustain the mortgage no problem. Just wonder if reducing house loan or continue keep in EPF will be more beneficial.
Because EPF rate is still better?

I put 3% and assuming I retired at 55 years old...I am 35 years old this year so 20 years more to go. Assuming after I retired, I need to have money until age 80...so the retirement money need to last 25 years.

Not sure how much stuff will cost that time...I wonder if 7k monthly is enough or not also assuming no debts

100% no
When you grow old you won't even know how to use a phone
EPF gives u money but money won't bring back your cognitive skill
When your cognitive skill is gone it cant come back
Some sickness like Alzheimer, Parkinson and Dementia it will only get worst overtime - you won't progress you only will regress - slowly losing all memory
No medicine will cure it

Not trying to scare you guys here but I have been through this with my dad and I am so happy that he return to his creator

Having enough money will only buy you comfort and you need that in your old days

So go big with your goals for me is 2.5M and I am working really hard to meet that goal

As long as epf dont disappoint us with less than 5% I should be able to hit it when I am 60yo

EPF = retirement funds or investment tools . depends how you look at it. (for me, I dunno what will happen tomorrow. dunno got chance to enjoy the epf or not)

if you put it as a fund for your kids as tertiary education, it's an investment too.
if you spend Rm 200k + and after they graduate, they work in Singapore for SGD 3.5k basic pay, (Around RM 10k)  , the money you spend break even after 2+ years after they work.

for me 6% is good enough