EPF withdrew till boh money liao...

Singkie CNA also now doing report on Malaysian kesian-ness....


TLDW

Total 4 withdrawals during PN time....

Muhiddin now urge the current gov for 1 more withdrawal.....

Anwar says... withdraw apa LJ??? 51% under 55 don't even have more than RM10k liao...

EPF says only 4% can afford to retire... by afford to retire... it would be at least RM240k by age 55... to retire comfortably... it would be at least RM600k in major cities...



Seriously mang.... don't talk about ketards "RM1mil retire not enough to survive" remarks.... quite a number of people at age 55 now don't even have RM10k...... with inflation.... how long can a person last with RM10k savings???

If 20k = b40... then 99.9% Malaysians are B40 liao...

Only the 0.1% ... directors... rich shareholders... business people.... could survive

600k gives you RM2.5k per month for 20 years...

This some more exclude any interest that you will gain over the 20 years....


RM2.5k per month cannot survive for a single person???


You don't have house or car to pay already at that age....


Makan even with inflation.... at most also only RM30 per day.... considering lunch and dinner RM15 each some more....which is quite an upgrade from eating economy rice.... breakfast eat bread cukup la...


The rest of the money you can save up for hobbies and travelling...


Seriously... Ketards have a distorted view on life... thinking that after retirement... morning must eat at aircond kopitiam... lunch eat din tai fung... dinner eat hai di lao....


Earning power somemore ciput pula...

After retire... how often do you use car??? You have to go here and there everyday??? The purpose is only to get you to nearby grocery and restaurant...

Electricity and water bill how much?? RM200+ should be able to cover right???

Medical bill... go public hospital??

Breakdown every month ke??? don't know DIY???


I didn't say RM600k is going to be super luxury for you to retire but you can at least ensure you have decent meal with enough money for household goods and some entertainment...


I shit you not... my ex-colleague with his wife mia average expenditure after retire is just RM1.5k.... before retire was a Head position in MNC financial firm....


His life was simple... breakfast just milo or nestum with biscuit..... Mixed rice for lunch RM7+ while wife makan roti or sometime noodles... varies from RM3 to RM8.... night cook simple meal... vege/egg/meat.... cost also likely less than RM20....

Daily do gardening... clean house... go meet up at the park with neighbours....

No more than RM30k per year for husband and wife... including other cost such as insurance etc...



Seriously... when you are old... you aren't going to spend like you are in your 30's.... but if you still want to eat good... dress good... have the best entertainment... obviously you would say RM600k is not enough for retirement but reality is... a lot and I'm not saying this based on gut feeling but literally EPF stats..... living with much less than RM600k and they also ok jer....

This post has been edited by holypredator: Mar 14 2024, 04:07 PM

T20?? That is T5 lifestyle...


T20 KL household starts at RM15k... per person RM7k salary GROSS....


Even with that salary while working.. I don't think you can do

- still have their annual oversea trips and hobbies
- still can splurge on meals and shopping as before without counting the pennies..
- still can change car when it is time

Unless your oversea trips limited to Asia.... + low cost hobbies...

Splurge meals only weekends and shopping once a month for high street brand not luxury brand...

change car after 9 years.....

all that with most likely ZERO savings cause still got housing loan... kids... and other expenditure....


Zero savings how to continue such lifestyle in the future where you only could afford like 21% of your existing salary maxx.....

T1 in Malaysia HOUSEHOLD income starts at RM36k jer...

This level of income want to achieve 5mil is impossible... especially majority household don't even reach this level till mid 40's....


I guess 99% of Malaysians will have to keje sampai mati...

I don't think they manipulated the numbers but I agree the stats is not a good indicator of wellbeing...

1) Some of them started work at early age then quit job do own business.... because they stop contributing to EPF... people tot they poor with less than RM10k...

2) Some migrated shortly after working in Malaysia....

3) Stats may include fresh grads or younger people...


I highly doubt there are many who have less than RM10k at the age of 55 because even if you earn minimum wage for more than 30 years.... you would still have more than RM10k in contribution...