i have this thought where say my kwsp at 60 still have quite a large sum of money, and i'm wondering if i can just withdraw saw a small amount (enough for my yearly expenses + emergency) then keep the rest in EPF and repeat that process yearly. Treating it like a bank (but less convenient as I suppose I have to go to EPF office and get it processed to transfer to my bank account which takes some time, etc). Idea is to keep it in EPF since the dividend is much higher than FD and even minimum is 2.5% so even covid stage its about same or better than bank FD (a bit).

Anyone know if that's possible or make sense to do or is there flaw in logic somewhere?

Hi all,

Been reading the sharing here, felt like I could humbly get some advice from the sifus here~

Age: 26
Nett Pay: 4700

Monthly Expenses:
Rent: 750
Food: 600
Phone bill: 50
Petrol: 200
Online shopping: 200
Parents: 500
Medical Insurance: 200
Medical supplement: 100
Others: 100 (Ochipalang)
-----------
2,700

Monthly savings: 2,000

Savings/Assets:
1. FD 10k
2. Rakuten 13k
3. PRS 5k (Topping up 2k yearly for income tax relief)
4. ASM 26k
5. OCBC 360 70k
6. EPF 49k

Total Assets: 173k

No outstanding loans. My parents bought me my first Axia and have been a great companion since.

OCBC 360 was great as i manage to hit the high interest rate monthly, but now its only 2.6% pa so i've been looking at other high yield interest saving account option.
Also, I'm interested in investing in robo-adviser (Wahed or stashaway) for perhaps 10% of my savings and with aggresive portfolio since ive been doing rather low-risk investment.

Ive actually achieved my financial goal already (for this age), just trying to diversify more on the investments and learn more as there's so many diff type of investments now.

Kindly give me any advice, thanks all in advance~