Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 EPF - self contribution, need advise

views
     
danmooncake
post Nov 9 2019, 12:37 AM

Market Up, Market Down...Wheee..
********
All Stars
10,123 posts

Joined: Aug 2007
QUOTE(Nicholas Kang @ May 24 2019, 01:36 PM)
Hi Krv23490. Hope everything is going well for you.

Thanks for the info. I opened my EPF account this morning. There is a nice retirement advisory service provided at my Seberang Jaya branch here.


*
Hey Nicholas... quick question. Were you able to open the account online or must show up at local branch with MyKad? hmm.gif
danmooncake
post Nov 9 2019, 12:38 PM

Market Up, Market Down...Wheee..
********
All Stars
10,123 posts

Joined: Aug 2007
QUOTE(hft @ Nov 9 2019, 10:52 AM)
It’s a good form of FD with higher interest versus conventional FD. Only minus part is withdrawal is limited to certain condition (partial) and full withdrawal upon reaching certain age. Can topup EPF via Maybank online.
*
Yes, indeed. For past 10+ years, beats FD with little risks. Just keep it there till it accumulate up to 600K to 2mln, then
you can retire financial free and withdraw only the earnings/dividends, it's like money in perpetuity.
If you're young, just sock away as much as possible and if employer contribution cannot max out, just top up yourself to
max RM 60K per year. Just take 10 years to achieve 600K. At 600K, it will generate 3K/month for you.

Start early.. if starts at age 25 continue to work till 55, even not earning high income can retire financial free.
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0986sec    1.14    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 08:21 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.