Majority Malaysian are YOLO Swag style type. Even my epf not enough for retirement. That's why I keep thinking to take all out & start a small biz.

thats why i always say

if you are gonna take out your epf, means you dont have enough.

start reducing epf contribution if possible, then have another pot of money for small biz

don't mix up your different pots of money.

what is the interest rate after Rm1 mil. i cant seem to find it thx.
i heard is low or 0

There is no tiered dividend.

At least for now.

Same interest rate like below RM1 million.

Can't. I have a habit of spending on unexpected & unnecessary items each time I go to the mall or open shopee app. Buy first regret later mentality

maybe make it your 2023 resolution to do something about it?

we are only 5 days into 2023, still have 360 days to make a difference

it is VERY scary to see the number of people asking PM10 to approve "kwsp bersasar", what on earth are they going to do when they are old?

They will then ask for money from other people.

yup, Govt bailout. Seriously, this kind of people really can't think long term.

Will try my best. This year I got Fan Tai Sui. Hope nothing bad happens

I dunno. I guess today & tomorrow comes first & is more important than the future that is light years ahead.

The true poor will come when people are old and lost the ability to get a job (and this day will come no matter we like it or not), that is when EPF money kicks in. That is why the age is set when can withdraw the money.
There are others valid reason to withdraw as well which allowed by EPF.

If people are still capable to get jobs (big or small), they should try to get one instead of touching their EPF, people are not considered chronic poor until they lost the ability to work completely.

Just noticed received this fro epf on xmas eve what does it mean?


Attached thumbnail(s)

Think of life as a long journey. You want as much as possible for the journey to be pleasant until the end.

There will be some bumps along the road and there could be some accidents outside your control eg landslide while you are camping, air crash or whatever.

But there are also many things within your control and planning, your personal finance being one of them. The faster you get your personal finance under control, the better the road ahead will be.

I am not trying to promote Public Mutual, but there's this agent (well a friend lah) she approached me and promoted me this Public Mutual product where the interest is similar to our EPF, around 5% per annum and she asked me "Why you don't want to withdraw from your EPF to and place into this fund? They are similar in interest and you can take it as a better than FD investment and best of all can take out anytime."

I forgotten the product name, not sure if any of you aware of this or not.

I didn't really told her the reason but I believe because EPF is been guaranteed by government at least 2.5%, meanwhile I am not convince of PM's performance.

So why I mentioned this? Because the EPF withdrawing news has been in the trend again lately and I saw some discussion regarding allowing citizens to withdraw RM 500 monthly from EPF, that's why I am curious if these people better put their money in other avenues where they can withdraw or something?

Note: not a public mutual agent and also not selling or promoting.

This post has been edited by MasBoleh!: Jan 6 2023, 11:00 AM

Get the T&C correctly from your friend and study it.

If it were true, many would've done it and you would've hear from it in here as well

Good suggestion
That’s why I was kind of puzzle why nobody mentioned before.

So thought of asking whether someone here got heard about it before or not.

What I can say is that what your friend told you is not true.

Have a nice weekend

You heard from whom ? Or where ?

Ya. I need to change. Cos each time I open shopee, I will have the urge to buy this buy that. Omg. It's Neverending urge. Dunno got meds to cure this addiction or not.