who said so?
more than a million can withdraw

If one has already 1 million in there. The risk is lower right since one can withdraw anytime?

that's true, but based on the age profile, not many millionaires under 35/40.

indeed but if millionaire d, maybe got better options

Not necessarily. Anyway I have some money parked in ASM and FD. Since the stock market and property haven't collapsed, I was thinking of putting them all into EPF and take out when the market collapses.

actually a lot by 35 already hit it

Even less also can withdraw...

Certain purposes like housing, education or health...

Housing normally biggest headache in our life...
So EPF $$$ can partly support 🙏

Personally...
NOPE...

Some day dreaming saying can give 4% many times...

Let's see if dream come true 😉🤓

Old man spotted. 😂

Withdraw up to 1 million. 1 million before cannot touch.

I also waiting. Inform me please when it collapse. 😂 I predict end of year. Hopefully in October. 😂 Just don't forget tag me when it happens ya.

.... I need to cry liao like that

Then sleep more. Don't wake up... 😂

I wouldn't recommend to take out from ASM and put into EPF if you have less than 1 million. As far as I know, the money is split into account 1 and 2 70/30.

So originally you have 100k cash, you put into EPF. Then when you wanna withdraw for house , you can only take out 30k from account 2. The other 70k is stuck in account 1.

But if you have 1 mil and you add 100k to it, you can take out that 100k.

This is what I've learned so I hope it is helpful.

This post has been edited by Sihambodoh: Mar 7 2023, 02:35 PM

I don't think I will remember to tag you then. Will busy buying up stuff on sale.

don get upset cos there are even more ppl less than 1M at 35/40. But on the other hand, those 1M don get upset too cos there are many out there beyond usd 1M.

Individual choice..

Anyway...
Why people keep in ASM? For investment purposes... Not would be touching it anytime soon... Unless important things... Like Housing or Health (this 2 is common reasons)....
Everyone knows ASM hard to get (old days when dividend is high, so don't want withdraw... Keep accumulate the $$$)....

Use same logic to EPF...
Want to withdraw... For what? Housing or Health...
Only difference is the percentage.... In ASM... We won't clear up the account too... Partly only.... Same thing with EPF...
Something like this....

And like I said many times too....
Keep some in places where u can access anytime... Like CASA...

What ya buying? Lai lai share share. What is better than asm that you willing to take from asm out to buy...

Or money market fund like kdi with 3.5% EAR. As liquid (one business day) and more interest.

Yes.
Whatever that can be access easy.....
For our emergency purposes....

You know, the usual, mining, banking, energy, dividend paying stuff.

Property will have to wait longer as there is a lag.

I withdrew 60k from asm3 already

congrats

Good decision 👍

And move to where?