Age : early 40s
Income : RM25k gross per month
Commitments: mortgage (RM4.5k) + car (1.5k) + bills/school/family etc (~8k)
Debt: mortgage + car only

1. On the whole I can save RM3-4k per month, not including the annual bonus.
2. I have life insurance + CI but no medical card, I've been pretty much covered by the company insurance most of this time
3. Passive income is not significant (~RM2k monthly only)

I think my costs are mostly under control, what I'm looking for is growing my savings which is currently in the low 6-figure range. In about 5 years my child will start college which will be the initial hit on my savings.

My risk tolerance is medium to high but I would like liquidity more than the typical property investment. I prefer not to go into unit trust. Fees are too high and Warren Buffet suggests to avoid it

TIA

hello sifus

I'm in my early 50s and looking at possible early retirement. I am looking at advice on how best to manage my finances so that it'll last me over the next 30 years or so.

- assets: apartment, car, ~RM2m in EPF, ~RM200k cash
- liabilities none. Kids have finished school etc.
- other income none
- monthly expenditures RM4-5k for a very comfortable living
- insurance none, have always been covered by the company and don't plan to take any in the future given my age, the cost, my thankfully good health (now).

How should I manage the EPF + cash? My objectives are minimal work and I am ok with moderate risk.

1. leave it in EPF & tabung haji, withdraw only what I need. No taxation and fully liquid but returns at 5+% per year is just ok

2. Diversify and invest a portion in property? I have never really invested in property long term, have flipped a few but that's probably not the way to go now. How much realistically can I get beyond 5.5% per year post tax that #1 provides?

3. equity market? I don't know enough about the Malaysian market unfortunately. I have no desire to go for unit trusts given the higher costs in the short term.

4. something else?

Thanks. In all honesty I'm tempted to do that.

Another alternative that I didn't mention is potentially continue working for a few years and end up with almost double my EPF amount. Sacrifice 4+ years and come out significantly further ahead...

According to the online calculators the EPF will increase about 65% (returns plus whatever contribution I make). The rest are coming via my stock grants that will vest. I'll still continue to work where I am now.


This post has been edited by rollover: May 8 2017, 10:51 PM