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 How much KWSP saving u have at your 30, 40 and 50?

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SUSKaya Butter Toast
post Apr 17 2024, 11:08 AM

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33 years old this year. Total 350k.

My own account 240k
Parents epf account 110k. Pump in there because they are retired, so easily can withdraw. I'm also the nominated beneficiary for their epf accounts

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This post has been edited by Kaya Butter Toast: Apr 17 2024, 11:16 AM
SUSKaya Butter Toast
post Apr 17 2024, 11:17 AM

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QUOTE(HikayatSalju @ Apr 17 2024, 11:14 AM)
EPF forced savings is unfair. Should use US style social security system.
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US also got their 401k and IRA
SUSKaya Butter Toast
post Apr 17 2024, 11:30 AM

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QUOTE(jyll92 @ Apr 17 2024, 11:19 AM)
how u pump money give your parents? i think quite smart eh
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Just send them the money and ask them to put into their epf account la.
SUSKaya Butter Toast
post Apr 17 2024, 11:39 AM

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QUOTE(jyll92 @ Apr 17 2024, 11:35 AM)
ah i thought pump money from your epf
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That's impossible.

And i don't plan to touch the epf account until I retire.

I see most people nowadays withdraw left and right, then blame government why still poor.

Withdraw to buy house or renovate means you can't afford that shit bitch. Tone down the lifestyle. You don't need 700k houses and 150k renovations
SUSKaya Butter Toast
post Apr 17 2024, 01:08 PM

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QUOTE(ronnie @ Apr 17 2024, 01:01 PM)
Well said.... thanks to poor financial literacy among rakyats
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Enjoy dulu


QUOTE(gashout @ Apr 17 2024, 01:03 PM)
kaya raya my idola  drool.gif  drool.gif  drool.gif
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Learn from you crypto millionaire
SUSKaya Butter Toast
post Apr 17 2024, 01:53 PM

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QUOTE(elm0001 @ Apr 17 2024, 01:49 PM)
epf where can withdraw for reno can meh? i also withdrew for first house but then i can contribute back the money to epf the following year so still ok kot
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Cannotbut usually that's what people do
SUSKaya Butter Toast
post Apr 17 2024, 11:36 PM

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QUOTE(staind @ Apr 17 2024, 05:19 PM)
How do you calculate? Can share if you got any good calculator to do projection.
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Using epf app.

5.5 percent epf return,
Salary 5 percent annually, 1 month bonus, conservative

11 employee, 13 employer

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This post has been edited by Kaya Butter Toast: Apr 17 2024, 11:37 PM
SUSKaya Butter Toast
post Apr 18 2024, 08:27 AM

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QUOTE(cempedaklife @ Apr 18 2024, 08:26 AM)
You do know after 5k, your employer obligation is only 12% right?
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My bad. Will adjust again.

I think my employer gives 17 percent
SUSKaya Butter Toast
post Apr 18 2024, 01:35 PM

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QUOTE(cempedaklife @ Apr 18 2024, 12:45 PM)
good mang.
bank?
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Yeah

 

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