Tag

epf

[SPONSORED] This is Why You Need to Use EPF i-Akaun

This is a continuation of a series of sponsored posts about EPF and retirement. See the previous two articles here: Will You Fight or Flight? and What Actual Retirees Say.

Here I’ll share an EPF tool, called i-Akaun and why you need to use it. For the purpose of this article, I created my own EPF i-Akaun.

Click here for the original i-Akaun article on CompareHero.

How to Create EPF i-Akaun

EPF i-akaun

For first-time login, get the activation code first. You can do this by:

  • Go to EPF counter or EPF Kiosk, or;
  • Call KWSP at 03-89226000. Press ‘0’ to talk to the nice operator, then answer some personal questions for identification purposes. They’ll send the code via SMS.
  • THEN go to the first-time login page here. (this page took me a while to find)
  • For subsequent logins after activation, click here.
  • Optional but handy – download the EPF i-Akaun app.

Reasons to Use EPF i-Akaun

1. View and check EPF statements

Continue Reading…

[SPONSORED] What Actual Retirees in Malaysia Say About Retirement

In my previous sponsored post about retirement, I talked about the importance of saving up for retirement, because the fact is that the majority of Malaysians don’t have enough money to support their golden years.

Who best can show you the reality of retirement, than actual retirees in Malaysia? Here are 3 retirees, and what they’re doing now to financial support themselves.

The original article appears here. Read it. It contains more details of these retirees.

Mr Moothy. Age: 65. Spent EPF money for family. Returned to workforce.

retirees in malaysia

Mr Moorthy bought property, but had to liquidate it to help his children’s finances. Because of a parent’s love, he had to return back to the workforce.

The consequences of not saving for ourselves can affect our parents.

Continue Reading…

Link Love: December 2015

M'SIA PF LINK LOVE(1)

Starting something new: link love – where I curate the best articles about personal finance! I also like to add the ‘personal’ part of finance in, so they are not aaallll about money. Here are the best from the web in December 2015!

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This one woman regretted her RM200k wedding. I am an older sister to a younger sister who is about to get married, and I am worried that she will start her married life with loans, or seriously deplete my parents’ retirement savings just to ‘keep face’ 🙁

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Which is more important – time, money or love? This incredibly personal post by Mr Stingy made me think of life. There’s no point in having money if you don’t have time or love.

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I followed SpeedRent’s development with interest. Did you know that property agents gave him death threats? All because they found a way to do their jobs better. The update now is that their in-built rental agreements are legally binding. Very cool!

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Techies rejoice – in this list, programmers, developers, analysts, and designers bagged 10 out of 25 best jobs for work/life balance. In Malaysia, I’m looking up to these programmers – they are behind some of the apps we use.

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We know that we can use EPF money to purchase a house. Now that the Malaysian property bubble is bursting (or at least stagnating), those of you who are looking to buy property can start looking for bargains. To make it easier, you can apply to withdraw your money via i-Akaun. Online. Without visiting the EPF office. Woah.

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And if you want to buy your first home, here are some available options for you.

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Want to get into stocks but don’t know how to start? Check out Dividend Magic’s handy dandy guide – all you need to know about investing in stocks in Malaysia. Super informative.

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Did I miss anything? Want to add to this list? Tell me via comments!

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