Yes
No
RETIRED already !!
Budiman
Raise private sector retirement age, Guan Eng urges Putrajaya
EXCUSE ME !!! - Do we have a say in this matter ?
As long as you don't mess with EPF withdrawal age .... then it is another story altogether !!
http://www.themalaysianinsider.com/m...ges-putrajaya/
Last edited by currymee; 23-12-2011 at 03:42 PM.
Everyday is a good day for GOOD FOODand a GOOD LAUGH
Budiman
if the person is still contributing effectively to the company, why not?
Budiman
Yup as long as they do not prohibit me from withdrawing everything from my account at 55. If i am still working then there is no worry that i dont have enough money after my epf money has 'finished'!!!
Budiman
Unfortunately, I suspect EPF will also want to raise the withdrawal age so that they can "roll" our money longer ... just a hunch !!Originally Posted by cml
Everyday is a good day for GOOD FOOD
Budiman
hmmm a good yes and no ....
yes if I can still contribute
no if mind and body is already feeling the strained of working as kuli!!!
Budiman
Ideally to retire at 40. Then go on a world tour and continue to party till kingdom come.
"Choose a job you love, and you will never have to work a day in your life." --- Confucius
Budiman
Earning as much as Bill Gates I can retire at 25...Ideally to retire at 40. Then go on a world tour and continue to party till kingdom come.
Registered User
One must remember that if one is working for an MNC, chances you will be covered by medical insurance to the hilt including travel insurance and whatever until you are worth much more dead than alive! Thats the facts of corporate life...
So, the question on retirement is answered only after you have secured for yourself full medical coverage before you throw in the towel coz at age above 40 not many insurance company want to take you on! Don't listen to their crap advertisements on radio, they are biggest hippocrites in any business, oldest profession included, as these insurance fellas will lie thru their teeth for a few more dollars in premiums...
Remember, the propensity of diseases creeping onto one increases with age, and when you reach above 40, trust me you will be more vulnerable and suscepticle to diseases and illnesses, serious ones included...
Even if you double the hours at the gym, those once-bulging biceps and those 6-packs on the abdomen ain't gonna be coming easy.. And those thundering thighs will shrink to the size just embarassingly bigger a little than your missus' thighs...
So be fore you guys think about retirement age as a number game, think of it more as a AM I READY FINANCIALLY to throw in the damn towel? because if you leave the rink at 50 and both you and your better half live up to 75, hey man, thats 25 years of living on without an income!
Think about it....
Budiman
You do not want to work your whole life and I think 60 is good age to do it ie if you are financially sound
Budiman
To me, the diff btw retirement and working is:
Retirement: doing something you love to do (eg part time lecturer, passive investor, social worker, etc)
Working : doing something you have to do
just my $0.02 rupiah
A compassionate heart is a clear and cool place
Budiman
I have a friend who retired as a flight engineer in sia more than 15 years ago, He has managed to accumulate a big nest for himself and he has not been working ever since. When he left he was earning like 18-20k sing a month. I suppose he also had a very sizeable cpf amount sitting there when he retired. He has a 7 series in spore and live in a small bungalow in spore with a holiday apartment in johor. He goes for a holiday every year and I mean real holidays like cruises and stuff like that. I dont think that we malaysians can get to do that if we retire drawing 20k ringgit a month. We woudl probably have much much less in our epf. As i told him singaporeans can retire and live like that but not us malaysians.
Budiman
Confucius said "find something you love to do and you won't have to work a day in your life."
The caveat is that you have to remain healthy, whatever the age.
" In the land of the blind the one-eyed-jack is king."
Budiman
Guan Eng should just leave private sector outta this issue. Its for private sector to do/consider. It is NOT a national issue to worry about esp when those policy related ones, affecting all, are yet to be settled by the ruling party.
age 60 or even 62 or whatever and healthy aint the issue. Yearly renewal Employment Contract can be dished out as long as the medic insurance/expense is taken care by the contracted employee. Not an issue according to my friend who employs a number of very productive retirees.
'Financially sound' is relative. 1thaiman's banana tree could be enuff for him. ANother 1bolehlander might have 100000hectares of musang king and still not satisfied.Its not rocket science to do a simple addition math.
Yang Ada Berholidaying ToonIstimewaUtama xlatotupai
in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt
Budiman
ING has a scheme for those already covered by their Employees' Benefits Division. There is a very small premium until you are 55, then it slowly increases. There is an excess of RM 20000 during that period (which you would expect your employer to pay). Otherwise you have a difficult choice:
Buy a standard hospitalisation and surgical policy and not use it till you retire
Wait till you retire and risk not being able to buy any policy because you may have developed a chronic diseases by then.
Budiman
I'LL CURSE THE GAHMEN AND EPF TO HELL if they change the withdrawal age!
I'll find a sure way to DISOWN THIS LAND that I regretted calling home for donkey decades! YOU BET I WILL DO SUCH THINGS!
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