Apart from our personal savings account, the retirement fund (EPF) also serves as an alternative for us to have enough funds after bidding farewell to our
Apart from our personal savings account, the retirement fund also serves as an alternative for us to have enough funds after bidding farewell to our jobs.
Securing RM100,000 when you’re hitting 35 seems possible, although that might not be the case for everyone, but is it even possible to secure nearly RM2 million at that age? In an idea that seems too far-fetched to many of us, a Malaysian woman recently shared how she managed to secure over RM1.9 million at the age of 35.
In a viral Reddit post that is currently circulating on X, the unnamed woman said that to achieve her financial status, she has a high-paying job, which she did not disclose. “I never job hopped. I’ve been with the same company since my graduation, and I got to where I am purely through promotions and increments.”Relying solely on the EPF deductions will not be enough. According to the post, the woman also contributed by depositing a certain amount into her EPF on her own.“I’ve never touched anything from my EPF, even though I am eligible for a withdrawal anytime as I have reached the RM1 million mark.
To those with a similar salary range, what do you think of this? As for the others, do you make self-contribution to your EPF savings?Also read: “Low starting salaries” Majority of EPF Contributors Below Age 30 Will Not Even Have RM240k to Retire
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mandatory EPF for non-Malaysians in line with international standards, says EPFKUALA LUMPUR: Malaysia and Singapore are the two countries in ASEAN with well-established credit bureaux which aggregate extensive data from various sources, supported by the high level of banking penetration in their economies, according to Moody’s.
Read more »
35-Year-Old M'sian Shares How She Saved Almost RM2 Million In Her EPF Account'It took me 10 years to get to RM1 million, but only three years to get to the second million,' she shared.
Read more »
M'sian Woman Shares How Much Men Should Make For a Comfortable LifestyleA Malaysian woman named Tisya was honest about who, and what kind of man she had in mind. In a viral TikTok video by opaimovement, the man asked if Tisya
Read more »
Former secretary duped by Facebook investment scam, loses over RM80,000 from EPF savingsJASIN, Oct 29 — A woman's dream of a lucrative return was shattered when she fell victim to an online investment scam. The former secretary with a private firm lost over...
Read more »
Mandatory EPF contributions for foreign workers the wrong move, says Dr WeeFrom MIKE CHONG YEW CHUAN MCA National Youth Deputy Chairman.
Read more »
Budget 2025: EPF intergenerational wealth transfer to be introducedThe government is allocating RM30mil in Budget 2025 to bolster efforts to curb scams as well as enhancing cybersecurity in Malaysia, said Prime Minister Anwar Ibrahim.
Read more »