https://forum.lowyat.net/topic/2064127
Please understand the "animal" first before comparing with other "animal"
PRS is a totally different species of animal from EPF.
PRS is more like a mutual fund / unit trust with tax relief & T&C on withdrawals
sigh.. GOOGLE

or he will be permanently retired if that happens

Today is the day EPF is taking in feedback for the "60 years old withdrawal" thinggy
https://secure.kwsp.gov.my/pubconsurvey/index.jsp

I think U need to go through the data presentation then only can log-in to feedback.
The most impactful to me was Q6 - point blank 60 years old or not & Q7 - tricky Q

Just sharing
Goat knows whether ini sandiwara or not - ie they've already decided and this is just a show?

This post has been edited by wongmunkeong: Apr 21 2015, 07:43 AM

CPF withdrawals:
https://www.cpf.gov.sg/Members/Schemes/sche...at-55-years-old

https://www.cpf.gov.sg/Members/schemes/sche...n-other-grounds

funny, cannot withdraw after retired?
maybe different English from SG's "retired"

here U take 20% away from salary, eat grass wor (RM so.. not strong/purchasing power VS SGD)

how/what is the reason do U think SG has one of the most millionaires (in USD value) per square foot
http://www.forbes.com/sites/chriswright/20...f-millionaires/


This post has been edited by wongmunkeong: Jan 8 2016, 09:52 AM

yar - just like our EPF A/C 2 or A/C 1 withdrawal
thus, blanket statement like "cannot take out "even after retired"...

no eye-dear, never experienced SG's CPF before

However, if based on statistics and good Gov governance..:
1. Statistically + wealth-management books' suggested-wise:
Those that save 20% or more of their GROSS income, will most probably become financially free.
Matter of time only - coz spending pattern is artificially depressed/controlled
and if the habit continues after retirement, is good.

IMHO
Not just living within one's means
BUT LOWER than one's means - whether artificially created or not

2. Gov governance.. er.. very subjective heheh

PS:
Just saw this on my reading list - may be of interest to U (CPF-related)
http://singaporeanstocksinvestor.blogspot....nvestor+(ASSI))

This post has been edited by wongmunkeong: Jan 8 2016, 12:52 PM

bwhahaah - yeah, if only our burger lover knows

momma told me not to argue with idiots,
they'll drag me down to their level & beat me with experience in idiocy


Also funny is when people with broken English is pointing out other's level of English proficiency.
Self-proclaimed "Master of the Universe" with land and property

sigh.. damn.. i hope i didn't sound like that when i was his age

This post has been edited by wongmunkeong: May 25 2016, 05:45 PM

yeah - similar thoughts with yours - unless i can afford to migrate
1/3 in RM
1/3 in SGD + OZD + emerging markets
1/3 in USD

well that's my general aim anyway.
thus busy finding "worthwhile" equities & fixed income vehicles outside MY.
RM portion - largely in EPF or EPF-related (mutual funds, stocks, etc via EPF A/C1) lor - worker

Note - not that i distrust EPF, i just dont trust anything 100%, especially where the Gov is concerned (either wolves, BeNd or SquabblingThreeSome).
Thus, EPF and its dividends/returns still plays a role for my finances, no matter what.
I guess it's like the ang moh's 401K (matching or non-matching plans), IRA, ROTH IRA, etc and pension plans - they distrust but still have to play/use them.

This post has been edited by wongmunkeong: May 26 2016, 05:18 PM

er.. did i miss something?
What has "EPF v1.2" Syariah based have anything to do with PRS (conventional & Syariah)?

oh - for UT funded via EPF?
but er.. what's that gotta do with PRS?

seriously leh - not teasing
if donkey EPF thinggy affects "across the fence" PRS thinggy.. i want to know leh

i welcome the volatility if it happens - else no chance to buy things like NESTLE on fear

anyhow - i'm asking whether EPF has a direct control over PRS now with such Syariah thinggy
pretty non-compliance leh if true

whuh.. nangdayo... U got them antennas crossed leh
PRS is NOT from EPF a/c1 withdrawal investments
whew.. scare me only

dang.. ok ok GAB or HEINEKEN or CARLBRG then - guaranteed xcompliant until cuci7xwhatever

http://www.thestar.com.my/business/busines...choice-of-fund/

heheh - momma said don't invest in something if the "seller"/management isn't invested in.

Private yar.. so why create:
a. something WITHOUT a bottom? ie no minimum 2.5%pa
b. something which cannot be changed? ie cannot revert back to normal EPF

"to be seen as religious" purposes or some other reasons?
eg. er.. less stress to manage something that doesn't have a bottom?

dunno - just thinking out loud

Saw PubMut's email on approved EPF mutual funds last week having funds that have >30% foreign equities, thus was wondering misprint or real. Looks like it's on!

time to check with FSM on what funds can do via EPF heheh

This post has been edited by wongmunkeong: Jul 25 2016, 10:25 AM

Off Topic alert!

KPFun,
Once upon a time i would have flipped too.

However, with time, i remembered what momma told me.
momma told me to focus on things i can affect
and for things i'm forced to "pay" and can't affect, think of them as a tax on being a gaijin

i make momma proud by
saving net salary (cash) & doing so with US, SG, AU, CH investments
+ keep paying "taxes" on being a gaijin in the country to "use the facilities".

when i retire, i'll do the same @ HCM or Chiang Mai - pay the "taxes" for the usage and can't be bothered with how it's spent, as long as the "facilities" are useful / acceptable.

Just a thought - no right/wrong and hopefully, less ruptured spleens trying to change the unchangeable

This post has been edited by wongmunkeong: Sep 7 2016, 11:48 AM

around Feb if my memory is working properly
i also waiting - to move from PubMut-->EPF-->FMS in chunks
bye bye PubMut

Balance account 1 = 70k, acc 2 = 0
A/C 2 is for health, education, house