I presume all of us or rather most of us do contribute EPF as it is a must for everyone who is under employment and this is good as this will provide us the retirement fund when we retire at the age of 55. 

However, statistics show that most of us will not have enough for our retirement even if we can have  our EPf withdrawal when we retire at the age of 55 due to inflation and whereby we have to spend more for our daily necessities or rather living expenses.

Inorder to avoid this problem, Government has approved a scheme whereby you can use your epf money to invest with other privite approved unit trust company provided you meet the requrement.  For this requirement, it all depends on your age and your epf account one balance amount.  Once you meet this requirement, the unit trust consultant will then help you to fill up all the relevant forms and submit to Epf for approval on your behalf and so the procedure is easy and simple, without you having to go to EPF office.

By investing it with approved unit trust private company, you will get more return over a period of time and so it will help you to get more retirement fund at the age of 55.

It might be quite confusing for those who are new on this subject, but, you can always contact me if you need to know more, or you can leave your question in my enquiry column which you can find it in this website of mine.

Do plan and have a good retirement

A man came home from work late, tired and irritated, to find his
5-year old son waiting for him at the door.

SON: ‘Daddy, may I ask you a question?’

DAD: ‘Yeah sure, what it is?’ replied the man.

SON: ‘Daddy, how much do you make an hour?’

DAD: ‘That’s none of your business. Why do you ask such a thing?’ the
man said angrily.

SON: ‘I just want to know. Please tell me, how much do you make an hour?’

DAD: ‘If you must know, I make $50 an hour.’

SON: ‘Oh,’ the little boy replied, with his head down.

SON: ‘Daddy, may I please borrow $25?’

The father was furious, ‘If the only reason you asked that is so you
can borrow some money to buy a silly toy or some other nonsense, then
you march yourself straight to your room and go to bed. Think about
why you are being so selfish. I don’t work hard everyday for such
childish frivolities.’

The little boy quietly went to his room and shut the door.

The man sat down and started to get even angrier about the little
boy’s questions. How dare he ask such questions only to get some
money?

After about an hour or so, the man had calmed down , and started to think:

Maybe there was something he really needed to buy with that $25.00 and
he really didn’t ask for money very often The man went to the door of
the little boy’s room and opened the door.

‘Are you asleep, son?’ He asked.

‘No daddy, I’m awake,’ replied the boy.

‘I’ve been thinking, maybe I was too hard on you earlier’ said the
man. ‘It’s been a long day and I took out my aggravation on you.
Here’s the $25 you asked for.’

The little boy sat straight up, smiling. ‘Oh, thank you daddy!’ he
yelled. Then, reaching under his pillow he pulled out some crumpled up
bills.

The man saw that the boy already had money, started to get angry again.

The little boy slowly counted out his money, and then looked up at his father.

‘Why do you want more money if you already have some?’ the father grumbled.

‘Because I didn’t have enough, but now I do,’ the little boy replied.

‘Daddy, I have $50 now. Can I buy an hour of your time? Please come
home early tomorrow. I would like to have dinner with you.’

The father was crushed. He put his arms around his little son, and he
begged for his forgiveness.

It’s just a short reminder to all of you working so hard in life. We
should not let time slip through our fingers without having spent some
time with those who really matter to us, those close to our hearts. Do
remember to share that $50 worth of your time with someone you love.
Have we forgotten what is really important in life? Too caught up in
money, personal
ambitions, and forgot how to enjoy and appreciate the sweet
simplicities in life?

If we die tomorrow, the company that we are working for could easily
replace us in a matter of hours. But the family & friends we leave
behind will feel the loss for the rest of their lives.