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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pkchong
36 posts
Posted by pkchong > 2023-03-15 11:01 | Report Abuse
I guess we always see the same kind of statement which appear in this article:-
"A bare bones budget of just RM1,500 a month already requires you to have a whopping RM270,000 to support ourselves till we reach 75" (retired at 60)
Also mentioning the compound interest effect in the saving placed into EPF.
Do we missed something? I think we also need to know EPF does pay out dividend up to age 100 for member. This mean if we retired with $360K of saving in EPF at age 55 and above, can live by with $1500 per month, EPF pay out 5% or more per year; we can maintain the income stream forever without reducing "Principal" or base saving in EPF.
$360K with 5% dividend will yield $18K per year which is $1500 per month.
If the dividend is higher than 5% and the monthly withdrawal stayed at $1500, the "money tree" in EPF still grow albeit slowly.