EPF Account 3: Most Malaysians appreciate option while others don't wish to touch savings

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EPF Account 3: Most Malaysians appreciate option while others don't wish to touch savings
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From NEOW CHOO SEONG, MCA Youth Information Chief.

PETALING JAYA: While some contributors laud the EPF 's initiative for Account 3 to allow them the flexibility to withdraw funds, others are determined not to touch their savings.Facebook user Alfancis Augustine wrote:"Won't disturb my retirement fund but I'm thankful for the option.”Mdiah Yassin took to Facebook to note that the latest EPF initiative is a positive step for contributors and a move in the right direction to assist them.

Facebook user Somasundaram Venkateswaran expressed concerns that the new initiative might pose challenges for the future of an individual's savings, adding that"instant gratification" cannot coexist with the"objective of providing sufficient delayed gratification during retirement.""...the withdrawal of this 3rd account will become an additional income to spend more on unnecessary expenses,” he countered.

Most praised it as a positive development for financial flexibility, while others voiced doubts about how it would affect long-term savings. As Maurice Lee conveyed on Facebook,"Ultimately, it is up to the contributor to decide how best to manage their savings.”Littoral combat ship probe still ongoing, says Azam Baki

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