Try saying to your boss!

The drop dead amount, which you see as 'gold standard' is in USD, hardly changes over time.

$2million is about rm6million. This is the amount for luxurious travel, and making a fuss over little things... telling them idiots to drop dead or fuck off! LoL

Edit: it should be 8 million.... still living in dream land when the conversion rate was about 3. hahahahaha



This post has been edited by ScooterBoi: Mar 6 2022, 05:41 PM

US standard doesn't apply to Malaysia. Many average ang mohs can live like King in Thais and they don't have millions.

PS: Ayam fired Boss liao.

This post has been edited by c64: Mar 6 2022, 05:40 PM

In that case, 1 million in cash and no more debts and housing loan and car loan all paid up is more than enough.

But no annual holidays in the swiss alps and telling anyone there to go die la you over small small things. LoL.

Unker wanna go Japan also kennot. Got money also no chat use now.

Yea 1 million is enough to live a financially independent live, but there won't be any new cars, oversea trip, iphones/ laptop need to think few times.

But if requirement of life is low, or rather minimalist lifestyle and a person can be happy about it , yea it's enough



This post has been edited by Chrono-Trigger: Mar 6 2022, 07:01 PM

So, how much mil ( in EPF + cash + investment ) can go Swiss apps and tell there to go die la you over small things? Say no debt and. already got house and car ... Ehh, also include wife ( same not working ) ok?



This post has been edited by KIP21: Mar 6 2022, 08:35 PM

Nobody can answer for you but yourself. You need to draw out a retirement plan, how much you need to spend post retirement and figure it out.

"3 million, technically a "rich" retiree. Can get iphone/ laptop/ etc without much hesitation." ...

I think this a good estimate. Wouldn't spend much when old and eat less too. A meal with a soup, fish and vegetables sound pretty good already. House got Lio, car got Lio..so just small trip here there look see and enjoy will do ... lots of money also when the day comes, ..wouldnt be bringing the money with me anyway

Did they change their stance since this news?

Ask your lawyer to cash out and convert all to Hell's Money and burn for you.

No. That is old 2018 comment lah. User also lari liao.

The drop dead money was USD 2 million in the James Clavell's Noble House (published 1981, 40 years ago)... still good today.

(I still remember the drop dead figure after so many years reading the book.)

Just need to covert it into ringgit using today's exchange rate.

1 million... new car need to downgrade to proton 1.3, no more 200-250k continental.

PRS got charge management fees leh

My target upon retirement was RM5m couple of years back when FD rates were > 4%. Imagine having 16K a month to splurge monthly, with NO debts.

Now since rates are 2% averagely, I guess having 8K monthly is still pretty good.

Anyway, just wishful thinking at the moment. Still working towards my target.

Parking here, for retirement planning wisdom.

Lets say once you are retired, no more income. Not doing any investment etc. Would you still continue putting money in EPF via Self Contribution? Its either FD or EPF.

How much money? Rm100 or rm 1million?

how much money what? put in EPF? 60k every year

Depends on the situation. If the tier dividend shit comes to fruitation, No. If it's still like current, then depends on what you need.

Say if you want RM5k/mth, then you need 60k a year. Assuming 5%, you need RM 1.2mil to generate this. So u top up till this figure lah.

Top up sikit get Fellali...