Yep,. Exactly. Fear Mongers has been singing the same tune since Unker started working. Now unker almost retired, fear Mongers still singing same song. I know retiree who have tons in their EPFs. And they don't even need to touch their principals and just live on dividend can get comfortable life.

Better for fear Mongers to keep their money under their bed and more EPF for the rest of us. Huat Ah!

Same here bro. Already can take out Acc 2 if needed to. Now just hentam self contribution until 55. After 55, the further contributions will get stuck another 5 years till 60 in Akaun Emas, that I am not keen. Not planning to self contribute anymore after 55.

Self contribute 16% of his own salary lah. 100% also can. As long per year < RM60k. If you put in more, the money will get tendang balik to your account. LOL.

This post has been edited by c64: Mar 4 2022, 10:24 AM

Oh i didn't know, HR can do this for you? Must tell my niece and nephews!

This post has been edited by c64: Mar 4 2022, 10:26 AM

Nope. It depends on many factors. Your age, your total portfolio, your risk appetite, and your overall retirement plan.

If i can already hit my target, there is no need for me to risk cryptos in my portfolio. Just put a little bit to play is ok. treat it like lottery ticket. IMO, unregulated cryptos will sink once every gov has their own regulated cryptos.

Isn't PRsmS just like typical.unit trust fund? Purpose of PRS mainly to lari some Cukai only.

That comment from 2018 is wrong.

EPF pays dividend until you are 100. Likely you die first Unless you have injected yourself with the Madey vaccine.

Doesn't matter, just dump in.

There are pros and cons with everything. You contribute more early, when your financial is not strong yet, where are you going to get money if you need it? Also, for young people, it's better to invest in more aggressive growth vehicles. Because you have time on your side. Once you grow older, achieve your targets, you can be less agressive and put more into EPF and FDs. When near retirement, it's time to protect capital at all costs. And EPF will beat FDs by almost 3 times. Besides, you will be able to access it soon once hits 55.

But of course provided the above goes according to plan. Example if you all in Bitcoin and Bitcoin collapse tomorrow, you might not achieve what you want by 55 and may not have extra money to throw into EPF.

So it all depends on your condition.

There is a school of thought that says you should invest X(Agressive):Y(Conservative) ratio according to your age.

X=100 - your age. Example, if you are 25, you can invest 75% in Agressive growth and 25% in conservative instruments.

But of course, this is just a general rule and your personal situation should be taken into account.

As long you live got free money lor, fair what.

If you are debt free and have 1.5mil and above and some properties(paid off). It really doesn't matter for normal inflation. You old already can't eat much, wanna travel also kaki lembik.

Just live a moderate life and it would be ok.

But remember to plan for your medical protection or you can be screwed.

Cannot. Must be unemployed, retired, suri rumah, students etc. Janji not employed.

The RM250 just like gov angpow. Anyway, i believe it will ends in another 1 or 2 years unless they extend it.

Just dump into Self Contribution.

Good write up!

Yes, i agreed, RM5 mil is the gold standard of a very comfortable life. Basically USD1 mil.

Frankly i think RM1mil is quite risky. A networth of RM2-3 mil with stocks, EPFs, properties (to generate income), cash is quite safe with a portfolio balanced towards liquidity.

This post has been edited by c64: Mar 6 2022, 10:34 AM

Hits the spot for me. I really don't care about expensive cars or Bungalows. I am trying to pratice minimalism. The less objects i have, the happier i am. I keep on getting rid of stuff by selling or giving them away.

The ability to do whatever you want and Financially Free=Fucking priceless.

Doesn't matter if i sits here watch grass grow all day, as long as i enjoys it.

DISOWN ALL YOUR RELATIVES!! PROFIT!

I don't buy this. It's too simplicistic. Unker can already ask anyone to drop dead.

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

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

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.

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