today many older generation of people are getting worry that they will retire.

reason chidren are still studying just like me my dad retire and my mom next year retire

too boring at home get use to work hard to pass their time.

so in this cas should increase the age of retiment.

sources from my uncle in AUS a 65 years old man doing as fronmt office in a bank.

at 55, if lucky, can goyang kaki anak sara liao. if not? makan EPF lor.

haha...if they dun want retire...so....the job opportunity for the young one will be decrease

no,ill say...

If canlah,increase up to more den 55 yers old..
Not burdening them or watlah,my dad dis yer oso 57,n me 18...

im 20 and my dad 64 im eldest

well for some parent who spend their money on kid taking out epf money to pay for college how they going have balance?

U"ve just reminded me to get married b4 30..if not, might be suffering...lol

Hi,

The only difference between changing retirement age to 65 has to do with when you can take out your EPF money. Even at retirement age of 55, after retired, people could find another job or start another business if they want to.

Dreamer

Typically, the best time to get married is after you had worked for 4 to 5 years. So, if you goes to college, it is 18 (high school) + 4 ( college) + 5 ( years of working) = 27.

Dreamer

well is pretty hard. people who found a job outside after retire found out that they cannot stand the money income they have as usaul. this statment is true from my mothers freinds. who already retire and usaul income is RM4.5k and now is only 1k. so see the diffrent?
married early sometime is usaless too because where are you going to find money to sapre to feed the kid?

business not everyone can do it because business is some kind of high involvemnt of price to pay of.

a kid minimum expenses until secondary from5 is RM100k including born the babay plus milk everything...

i thought the retirment age is 56

http://www.kwsp.gov.my/index.php?ch=139&pg=147&ac=1184

55 as per EPF and when you can withdraw all your money from EPF.

Dreamer

should be no retirement age limit!

ok...i know it's impossible.

regarding the marital age, there's no problem on what age you are as long as you are over age and can AFFORD to have a family including able to support kids, if you are 30 years old,married but yet still earning pennies, my advice is dont even think to have more than 2 children. you not only suffer yourself but not having enough money to support their education and everyday life's need will affect your kids growth too.

let's say your kids are talented in music, but you dont have the money to buy them expensive instrument to encourage them(piano and other instruments cost a fortune).

ok,so you say let the kids earn themself what they want, but that would have kill their study time, activities time, social time, family time etc etc.

so the best advice should be work hard,safe hard while you'r still single, and married and get kids fast.

sorry for off topic...

i suggest that retirement age should be increase, at least to 60. see TDM, nearly 80 still active.

normal retirement age is 65 in aus, so i guess 55 is abit too low, at least 60 i think

Depend on the financial status.

If able, retire at 25 also no problems.

Regarding too bored after retire, after can join society clubs, travelling, help in clarities....

i was thinking will malaysia approve more people into business and improve all business people will tis effect more people to work?

Ah_suknat,

Do you understand that retirement age is ONLY relevant to when you can withdraw you money from EPF?? I cannot foresee a world where most of us still have a job when we are 55 years old or older!!! In a real world with age discrimination and globalization, most of us will lose our jobs way before 55. We probably has to start own business before then.

Dreamer

Is it compulsory to retire in Malaysia? Or can continue working until collapse?

is pretty hard actually. business not really eyeryone can do it. if fail how where to find back a sum of money....
for some people when they are age 55 epf amount maybe only have a sum maybe 200k depend.some only 100k or less.
age 55 if can stay up to 80 then how much going to spend on simple medical and others, if have serious sickness one time treatment gone 30k how are they going to stay on?

Tkwfriend,

You are assuming that old people has a choice of staying on their job. They probably don't. Please remember that 67% to 75% of Malaysian are less than 35 years old. There are a lot of younger and cheaper employees to replace older folks in Malaysia.

Dreamer

yeap i do understand but now a days there's a lot of things that can be bought with the epf money before you even retired,such as some investment.

hmm...that's why i am not employee type.i dont like to work for others, i rather do business and hopefully retire early yet still got income coming in when get old. high risk? yes it is. you dont hear people getting rich working for salary.unless you'r ceo of a big company.

i understand that. just that i have many suffering. for exmaple i saw and old ex army sleeping beside road side. reason not enough money to rent a small room.i am the people who observe each and every coner...i sometime able to read what people thing when talking that timeink

ppl tends to get sick easily without work.....so juz let those oldman continue working might help to prolonged their life span...

eh that remind me something. my granma she use to do a lots of things recenrly after she move up to kl to stay in a apartnment she nothing to do her memory start to lost keep forget what she do or eat ..even is just 10 min ago...
i have seen a old age 90 years old man he still working he can take care of himself and work like a young person.