https://forum.lowyat.net/topic/2226853/all

saw thread above in museum

start working in 1983 salary was RM1200
let say 1983 he was 21 years old
now he would be 61 years old

assume
salary increase rm100 per year, his last drawn salary would be RM5100
he will have close to 1 million as at 31/12/2022

historical epf dividend rate get from kwsp website
assume prospective dividend rate is only 2%

assume he takes rm3000 in the first year of retirement
subsequent years withdraw additional rm1000

when he is 85 years old still have 47k epf

simpan epf bukan budaya kita owai

One serious diseases and half of your savings gone dy. the remaining half can buy you some above average coffin and nirvana plot.

This post has been edited by msacras: Feb 28 2023, 11:19 AM

Epf dividen can beat inflation?

People cannot resist spending their future money on current wants.

The answer is yes.

Euthanasia should be legalized.

Once old and broke, better to just kick the bucket peacefully. Why need to live on and suffer?

i touch liao boh...how....
touch to pay house loan.....

who can say you will live or die in future? so just spend now.

later no money go beg from gov or just suicide

That need extreme discipline

That's me.

When I asked my co-workers on why they take the EPF withdrawal multiple times.....their anwers, " Ah lah, kita orang ada nak boleh jaga kita kelak, tak usah risau."

How you survive rm3000 a year?

Inflation 4%, epf dividend 6%.

So yes

Dude, how you math? berapa % you count into EPF?

no and dont
but

He is probably a property millionaire if he is 61 years old, probably his nett worth increased 5X

4% inflation is a lie...

maybe until that age, 47k enough for 1 roti.

1 disease, rm1 only.

because gomen want to squeeze you until dry

tak suka sila 14 floor

owai

Of course. As long it doesn't drop to below 4% but at this rate the profit is only 2% but... But... We have compounding effect in place so it worsks

This post has been edited by Avangelice: Feb 28 2023, 11:21 AM

anak itu rejeki

Too messy.

Better just legalize it and enter a quiet room and slowly croak without regrets.

Take a look at food price, particularly fast food, jiken rice or breads.

They effectively doubled their price (not to factor in shrinkflation somemore) in the past 12 years.

This post has been edited by msacras: Feb 28 2023, 11:22 AM

Hopefully lah. Later becomes anak tanggang, susah lah.

U save and invest on your own. 50% of your income, consistently. EPF money is only for short term fun when u are at 60s.

Yes

you can compare EPF historical rate vs Gov quoted inflation rate for years

unless u want to claim gov quoted inflation rate is fake with your own formula like formulaman then that is another story

Got calculated the risk of anak becoming "char siew"?

inb4: Sulah cukuke... shiet back and enjoice da show.. jgn chk byk EPF Dan drama drama

Hmm. But for muslims need to take syariah account only 5+% dividen and when reach age to withdraw, need to deduct 2.5% of the whole kwsp balance annually for zakat.

Wonder if its better to put in tabung haji instead if they can maintain over 3% every year, TH no need to pay zakat because included already

The risk is higher when the anak is poor after growing up in the future.

Hi bro. you know insurance right if not, GH

Use first, whine again.

Insurance policies back then covered at most 100k.

Medical operations/treatments nowadays easily 100-200k.

So if we’re to look for our retirement in 20-30 years, better prepare policies which can cover you in 2-3mils.

This post has been edited by msacras: Feb 28 2023, 11:42 AM

Kita simpan dalam ASB..

Tak suka sila 14 floor?

Pls decriminalize suicide first b4 asking people to 14 floor because of gomen

B40: REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

they can use epf money for zakat? got source?

afaik zakat is tax deductible, if its true they essentially use epf to pay taxes

insurance co also not your saviour.

when they pitch to you, wah like must have insurance, no insurance habis liao, no need to worry, they will take care you until the "afterlife", your family no need to pay single cent, you been responsible preson because you bought insurance don't want to burden family, yaada, yaada, yaada.

then suddenly the day you really need insurance to pay your medical bills, as you lay there in the hospital to prep for surgery due to life and death surgery

suddenly the bastard insurance co say you not fulfill certain terms and delay disbursement.

This post has been edited by mezanny: Feb 28 2023, 11:43 AM

That’s why better YOLO than spend so much resources trying to cheat deaths or died having millions stuck in savings.

This post has been edited by msacras: Feb 28 2023, 11:45 AM

now insurance cover min RM1.1 mil annually.

assume that he healthy, assume that no commitment anymore, no more maintenance for house, car, assume he only eat , yeah ure right

then if he live until 100yo , 87yo already 47k left

speaking from experience, this is very true.
even if they allow you to claim, it wont be for everything.
eg they let u claim hospital, but not for everything ya. only some categories from the bill u can claim. the rest keluar sendiri.
and also a lot of sickness they say can claim, in the end, only this and that can claim, the rest foot it yourself.
insurance is almost like a pyramid scheme. those on top kaya, those below all running around getting sales.

how to YOLO ?

our ringgit value can't even get you anywhere

in the 1990s ringgit can get you vietnam chicken

in 2000 value dropped, can get you at least indon chicken

now value like crap, only can get you banggla chicken.

U dont need to pay zakat until if you decide to fully withdraw kwsp once u reach retired age



https://www.zakatselangor.com.my/info-zakat...kat/zakat-kwsp/

Let say u age 60. Already retired, U decide to fully withdraw your kwsp. Once it enters your bank account u have to pay the full 2.5% of your whole balance annually and its not tax deductible since you dont pay any taxes anymore because no more income after retirement?

I used to work for an asshole insurance co for a few months

staff claim so gooding, managers can claim 700 go out with family for any meals they want, another 1000 per mth, for entertainment with outsiders. Once a week, have stupid training in hotel, eat as much luxury food as you can. Free umbrellas, gifts. Contractual + performance bonus.

So you know lah where you money went.

When you buy policy, insurance agent will be all over you.

but when it comes to claim...hide and seek don't know where they went.

you better have love ones, prepare to chase for claim and agent, because when you near to death bed, you too pain to look for these idiots.

This post has been edited by mezanny: Feb 28 2023, 11:49 AM

Noodle increased price from RM6 to RM8... that's 33% increased.

ppl still think 6% EPF divident is a lot.... don't dreaming.

Gv u 8% also its not enough.

does it start with P ?

Don’t worry, 10-20 years down the line noodles are probably a luxury food. Poorfags can eat the gooding insects which the illuminati been trying so hard to push at.

Not true. Gardenia prices today vs 12 years ago.

Today: Gardenia Original Classic 400g - RM3
2013: Gardenia Original Classic 400g - RM2.40

https://blog.gardenia.com.my/wordpress/?paged=2

We are in Muslim country, 14th floor only applicable to nons, for Islam is a sin..

mere saving without medical insurance protection is saving for doctors only.

I prefer a fixed sum for medical insurance, then whatever I saved is really money saved for myself instead of doctors...

Diu lor.

Unker self employ where got EPF!?

I recall Delicia back then cost under RM0.5, now it’s almost RM1 (or had it exceeded dy since I hadn’t touch it for years).

I'm prepared to retired poor and ask for govt tongkat

Pretty sure noodles are not included in the CPI basket.

So gomen asking you to ubat gaya hidup to be inline with 4% inflation.

Can confirm, it's my usual snack and it's gotten more expensive

Hardly. Look at mercedes bmw price increase by 50k over new model.

I already calculated, by the time I retire at 55, I will have around 3.5mil accumulated. I'm gonna live off EPF dividend 13k per month. Don't know that would be suffice or not in future.

Lol. Confident btul gaji naik every year 100

You go and makan t20 bread during intro price, after that you complain naik harga, haiyaa

You can check the consumer price index for a better gauge, it will average out the prices over many different products.

There is a calculator at the statistics department homepage. It will give you values very close to the Gardenia white bread example I gave you earlier.
https://www.dosm.gov.my/cpi_calc/index.php

T20 bread?

That’s the meals for hardcore poorfags back then, RM0.5 settle a meal.

few million when retire should be enough

go with medical card will be bullet proof ?

life insurance in almost a pyramid scheme. that's why they keep recruiting agent below them.
but the insurance claim part, you need to know what is payable and what's not. you need to understand this part.
insurance only pay for your medical necessary expenses. other services or non-medical expenses, insurance won't pay for it.
example admission kit/pack, TV, extra milo or rice, extra toilet paper, toothbrush etc. all this is pay yourself.
and some hospital bill when you look at it, it is so funny. They charge you for some unrelated expenses. that is where the insurance wont pay also.
example you had a broken leg and admitted to hospital. then the bill charge you psychologist visitation, cardiologist visitation.
these "unrelated to your sickness" doctor just come say hello. check check your heart beat then charged you RM200 for that visit.
insurance won't pay for this. then they also just put endoscopy charges inside also for your broken leg. so unrelated.
that's why when we get hospital bill, go thru it. when something is not right, tell them. they will be happy to remove the charges.
experience from my grandpa and grandma case. I ask them list down everything and explain it. end up having deduct many unrelated expenses.
from RM60k to RM40k. you just imagine

Sorry, I am not sure what is this Delicia you are talking about. A google search only shows this


In any case, it may be better to compare against the CPI which averages it out among many different products.

This post has been edited by loserguy: Feb 28 2023, 12:15 PM

ok got it. from the zakat article if you below 55 you still need to pay zakat harta but not from your epf.

above 55 you pay as normal but its voluntary though. i dont think jais force you to pay the zakat.

That is what insurance are for

Yes no force but as a muslim you should know your duty

Hence the question is it better for zakat payers to continue with kwsp or store in tabung haji with 3% clean dividen (no need to further pay zakat since its settled by TH already)

Actually yes and on top of that the power of compounding effect can help over long run … so not just 5-6% annually but your 5-6% dividend also will earn u 5-6% next year, so on and so forth …

he actually won the lottery jackpot of rm13 million when he was 25,

the story was he later blows it all off on bunch of hookers and cocaine

Not sure, because I don't buy these rolls. May be higher or lower a bit for different products, but the calculator averages it out. Some products will be higher or lower depending on how popular it is in the market.

Just for completeness, that butterscotch loaf cost RM4.20 back in 2013, and it is RM5.50 today. If you run it through the DOSM calculator it shows it should be roughly RM5.13 today.

I thought suicide is crime under national law.. not based on religion.

Whoever that says inflation is 4% is a joke.
The real one is 10% at minimum.
Data from real world experience.

sulah suicide mati apa lagi law you wanna impose?. if Tarak mati, buang them in jail and kasi mati?...

This is the real T20 bread

Nak ipong, imek, mekbuk, ipet terbaru macam mana?

Kita loaded max out ASN. ASN is true budayo kita

Go ask around

This post has been edited by jojolicia: Feb 28 2023, 12:40 PM

typo
take out 3000 per month in first year
next year every month take 3100
next next year every month 3200

why live so long

if no income and at 85 still not yet die fast fast go smoke everyday to die faster

buy this. close the room door and light it up

https://shopee.com.my/product/94991910/7504...fBoChmkQAvD_BwE

nope is the other one, AMDK style

Lol Taiping origin.

Why Arnot Susahmaueja smoke cigar but no lung cancer?

Lol relative retired with half a million. All gone in 2 years.

Yeah, better don't touch lump sum.

Don't forget, EPF used to declare like almost 10% interest. Those days are over.

How he spent？

1 year 250k spent...

Car, motorcycle, horidei in expensive country, the rest put in scam.

Where go money to buy smoke 😂 only way it's 14th floor

Why not his salary 20k per month, 1 year 240k

If commitment very higher monthly 2 years non-work easily spend all

Money game? Pyramid scheme?

Not sure about the details. Some sohai project to build some sohai website.

hate these bodoh using kids as retirement plan

Withdraw epf > future

Inflation will beat the epf rate

30 years later 1 million is worthless

Yada2

Huhu

But the zakat is only on withdrawal though? Either maintain as it is in epf or other instruments above 2.5% rate.

Inb4 epf-i is historically 30-50bp lower than conventional.