wow bro... you really are very optimistic... 120 years old is very very high sigma.

My siblings and I every year will kid around saying we must all tahan until either gene therapy or nano tech (under AI age) arrives to basically extend our lifespan till forever/long enough.
its my dad who said dream on as even Queen E only lived till 96. and she has the entire Kingdom's resources to help her, all things equal.

having said that, technically since you plan for 120 years, statistically you already planned to leave something to your kids. So no need to think too much about this.

wow... 26 years ago... i think at the time, my main concern was how to pass SPM and wondered whether our country would crash to become like vietnam... (ops... looks like Vietnam is not doing that badly since 1999). lol.
retirement was 100% not a concern at the time...

With the progression of technology, the standard, or even the need, be physically present with loved ones may be changing. It’s not like the 1980s anymore, when affordable long-distance communication meant writing letters, and video calls were virtually nonexistent.
Today, staying emotionally close doesn’t always require being physically near or in person. Of course, being in person should still be preferred. (like job interviews... if understand what I mean)

This post has been edited by Wedchar2912: Apr 21 2025, 02:25 PM

No more loan (and hence still driving my old car. lol)
Zero job zero active income.
Tax filing is zero except next year no idea how the filing will be due to dividend.

curious... I assume you used some calculator to do the forecasting and it shows that around 70, your plan starts to deplete your principal.
If you reduce a bit of your withdrawal rate by like 20 to 40 bps, is that sufficient to keep your principal intact?
like say 3.5% down to 3.1%?

would that be worth a consideration?

understand... very rare to know of a person that is ok to drawdown on principal...

After pushing even more funds to overseas, 100K RM div in malaysia is no longer a concern for me. Haha.

But the problem is do we still need to file and input into hasil negeri site whatever div we receive in Malaysia? The paperwork and trails are just annoying. And if kena invited by lhdn, how to prove the div amt is all I recieved.

Ah. You guys planned drawdown assuming life till 110 or 120.

Maybe I should do the same instead of 80, with buffer till 90.

That's the headache. Right now, all div I received is still gross div. So nothing been deducted yet.

Later next year, I assume all have to file and input the total div collected. How would lhdn verify the amount is accurate? And hence 2% on the div above 100K.

Yeah. That's why I earlier said rare for drawdown of principal.
But it turns out depends on how one view it.

Cos if got large leftover upon us kicking the bucket, did we really planned to drawdown on the principal?

My apology. When I said gross, I meant it's not net the 2% tax rate yet.

I'm not sure if the current tax treatment is called single tier anymore cos it's no longer taxed at company lvl rite?

This post has been edited by Wedchar2912: Apr 22 2025, 05:01 PM

Then the brokerage have to provide a full year consolidated statement of all div. For Malaysia, it should be better handled by bursa rite?

I am just wondering here. And as per most Malaysian, I'm waiting to see what's the gov/finance industry solution. Much like insurance cost increase issue. Haha.

This post has been edited by Wedchar2912: Apr 22 2025, 05:08 PM

Yeah. Similar to me now after taking profit on half of my MY equity. So now no longer a concern in terms of paying 2% tax.

Just the curious me wondering how to file next year tax.

Maybe it is the topic and this put many here into the mindset of someone almost/already retired regardless of actual physical age.

80% market crash still possible nowadays especially in big economies?

40 ... FIRE (living the dream)
50 ... FIRE (okay, still counts)
60 ... Warm glow (retired… no more “early”)
65 ... Smoke (gov pension wish)
75 ... Ashes (you’re retired, but so is your money)
85 ... Candle stub (flickering, but still going)
95 ... Cold Ember (...)

wah... so now it is 5 million to FIRE?

fat FIRE is it? cos the original definition of FIRE caters to moderate lifestyle with lowered expenses.

looks like "we" here mostly aiming for fat FIRE.

well, even normal T20 is still considered "luxurious"...

cos original definition of FIRE is moderate lifestyle... and that is benchmarked to the cost of living of the "retirement" place.
so in Malaysia's context, that should be closer to middle or upper M40's lifestyle....

having said all these, I confess I also skew towards your definition... as my benchmark is 20k rm spending budget per month for my family...

note: once fire'd, the idea is to invest one's wealth in such a way to maintain standard of living, so technically if successful, once FIRE'd at T05 level, should be maintaining that till death.

I am surprised at you are of the opinion we in Malaysia needed so much buffer, as in we should deploy 2% as swr vs 4% swr applied by the west/America. would you be sharing some reasons why you believe we need such wide buffer?

I would think given, in Malaysia, the absence of active income tax, the prevalence of price controlled items, "kkm rm1", given stipend by one's children, etc... that we in Malaysia can confidently use 4% as our swr? all these are practically not relevant to the americans/most west)

(of cource, unless one takes the position that it is because of all the reasons above, we need more buffer cos all these "benefits" will be taken away sometime in the future and hence push cost up).

ok, uncertainty due to the actions of the gov... I can see and fully agree with you... the main reason i pushed the allocation of my investments overseas very heavily the past few years.

not really sure what you mean to ask...

the 5M mentioned in the post which I replied seems to be for household level.
and i just use the assumption that 1 household has 2 adults and 2 kids... that's the stats for malaysia, on average.

if using 4M for individual, so your household numbers... do you assume 8M (ie 2 adults) or 16M (including the 2 kids as per average stats)?