Category: EPF
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Personal Finance 101: How to calculate EPF money we have when we retire?
In order to benefit from this article, you need to be an EPF contributor first yeah. As for EPF, much has been said about the recent RM500 being deposited by the government to EPF contributors who have too little money in their account. Some said that EPF members should be allowed to do another round…
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EPF members with less funds than poverty level
When I started working, there was one particular month which due to an unforeseen circumstance, I had just RM20 and it was 5 days till salary day. I was already a working adult and thus did not want to ask my parents for money. Those 5 days were tough because I needed to go to…
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EPF payout totalled RM51.14 billion for 2022
This was a super big news before it was announced; so many media outlets were predicting the potential number. It was also hotly discussed after it was announced. Some say it’s low, some say it’s respectable. Some say it could have been better IF… Regardless, here’s that article on the details of the announcement by…
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Personal Finance 101: EPF is for retirement. Period.
When the government first allowed EPF withdrawals, I was against it. Even from the FB comments and my conversations, it is safe to say that many of the ones saying they will withdraw since it’s allowed do not need it in the first place. To these people, the withdrawal either gives them money to invest…
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Our EPF returns over the years?
This statement has been mentioned to me many times by many different people. In actual fact, EPF has given me one of the best returns for many years and for recent years, the returns are higher than my FD returns and higher than the home loan repayment interest which I have to pay. There’s no…
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RM240,000 is the minimum we need to have in EPF when we retire
If this is a question for me, “Should I withdraw my EPF before 55?” My answer is a simple one, NO. My main reason is because EPF savings is really for post-retirement, when our active income has stopped or has gone down significantly versus the time when one was still working full time and thus…
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Good news indeed if EPF 2021 dividend is really 6% or higher.
Good news indeed if EPF 2021 dividend is really 6% or higher.
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Close to 50% of EPF contributors have less than RM10,000 in their account. Oh dear.
Close to 50% of EPF contributors have less than RM10,000 in their account. Oh dear.