epf website already down for system maintenance....

it has started..

hypothetically you can use past trends as avg for dividends moving forward.
since every year % differs and fluctuates, what would be your basis to lay your 'bigger retirement foundation'.
surely this year's announcement itself may not be conclusive for your decision.
if it's high, you want to to increase permanently? what if next year's divvy dips?

just wondering 

dividen announcement

Probably lower than 5%   

Just imagine the Shariah type..
No guarantee of 2.5% rate 😋

No. The later u do, the lesser you get.

maybe this is applicable??

How long will the i-Lestari Withdrawal facility be made available?
The i-Lestari Withdrawal facility is available from 1 April 2020 to 31 March 2021.

I lestari FAQs..
https://www.kwsp.gov.my/faq-i-lestari

If you do it in May after the cut off date, you'll get 11 x RM 500.
If you do it in June after the cut off date, you'll get 10 x RM 500.

Am I wrong?

This is wrong in the first place.

Firstly, KWSP is a retirement fund, it is never meant to be withdrawn. Don't take other countries as example, it doesn't change the fact that KWSP is still a retirement fund. This move (i-sinar) to allow members to withdraw from account 1 is purely due to political pressure of the fear of budget getting rejected in Parliament as this is one of UMNO's demand. And this has also become a cheap publicity move by Najib as he has been on the social media constantly asking govt to allow EPF withdrawal of 10k one off. If govt allow, he gets the credit. If govt don't allow, he get popularity as someone who speaks for the people.

Secondly, a lot of these people who said "you don't need it, just don't withdraw, not take your money also", "your balance inside got reduce?". I view these people as financial illiterate. Like some of the comments above mentioned, as the KWSP pool of funds are reduced for investment, or worse still I believe this is the case they have to pull out some investments that were maybe targeted for longer term, this will definitely affect every KWSP members, as this will erode the returns on their retirement funds. No affect? My ass.

Thirdly, this is a mistake that cannot be reversed or unwind. People who withdraws for the purpose of funding lifestyle expenses (even if they are out of job doesn't mean they can think properly in financial terms), by the time they realize it at the age of say 40+ or 50, they won't have any chance of regretting or doing anything. You can't single handedly restore 20-30 years of compounded return by doubling your contribution (that is if you have the ability to). Everyone is thinking, oh 20 years later I most likely will be promoted to senior positions and getting a handsome pay, retirement should not be a problem. But i dare say, your colleagues sitting next to you, or the other side of the table, or the far end of the corner is thinking the same. How many senior positions are there? 100 people thinking the same thing but maybe only 5 senior positions is available.

While it is a good thing if it really helps the needy, the ones that are choosing between paying electricity bills or putting food on the table, I think it is only fair for KWSP to penalize those withdraw it from account 1 to have 50% reduced dividend until they have reimbursed the amount that they have withdrawn. This seems cruel but it is more fair for those who choose to ride it out due to their own prudent financial management with savings for rainy days, and this will also encourage those that withdraw to repay their withdrawals as soon as possible.

So does 4% within grab for this year dividend?
I put a forecast of 3.5% to 4%.

Waiting for iSinar 2.0 with the no conditions withdrawal

China H-shares fund, China A-shares fund, ARKK fund, NEXT fund, ESG fund etc

invest in parents' health 😅

but if given the choice will probably put in robo-advisor

my earlier thinking was,...
if i had 600k, i took out 60k for investment

600k x 5% EPF rate i get RM30k total after 12 months is RM630k

if i took out 60k, my EPF is left with 540k
540k x 5% = 27k
60k x 10% = 6k, total is RM33k

i get 3k extra over if i did not take out.

3k out of 630k is about 0.48%

was thinking to myself, if this extra 0.48% or 3k is justify for me to chase in relation to the risk of investing and a need to beat this 5% epf rate....

wat to do, aging family huhu

but speaking on hypothetical terms, robo advisor I invest mostly to get international equities exposure. So far my experience with robo is decent, slightly better than EPF returns. But since it's still a new thing and consider something of a startup I also don't place very high amount or high hopes

Robo investing so far, the popular one that i always "see" and u can look down at the post...."S....away" is manage by foreigners.

The first thing EPF withdrawal already people or marketing soliciting u park EPF money there giving them business.

In a way, this is consider capital outflow from the country to a foreign country.

THis used to be Unit Trust, local fund managers clamoring for a pieace of the pie of EPF money and now some of the hotter trend is Robo.

I mean, RObo is fun and all, less fund managers fees (lower fees) and more business from bigger volume capital.

Is like you are betting this high risk, medium risk, low risk, based on some program logic. This is fine. You don't have Warren Buffet managing it, but just use robo determine profile.

Up to each individual their preference.

Next question, how safe, how secure this is? once your money grows and grows bigger sum. Anything happen to EPF, u find the government of Malaysia, anything happen to your FD, you find the PIDM and Bank Negara.

ANything happen to S....Away? Singpore government give u back money? Think abit