{"id":10055,"date":"2026-08-19T07:45:02","date_gmt":"2026-08-19T07:45:02","guid":{"rendered":"https:\/\/www.ibpo.com.my\/?p=10055"},"modified":"2026-08-19T07:49:34","modified_gmt":"2026-08-19T07:49:34","slug":"rm700000-epf-spent-in-21-days-is-your-retirement-plan-ready-for-the-years-ahead","status":"publish","type":"post","link":"https:\/\/www.ibpo.com.my\/chi\/rm700000-epf-spent-in-21-days-is-your-retirement-plan-ready-for-the-years-ahead\/","title":{"rendered":"RM700,000 EPF Spent in 21 Days: Is Your Retirement Plan Ready for the Years Ahead?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10055\" class=\"elementor elementor-10055\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a0cd965 elementor-section-boxed elementor-section-height-default elementor-section-height-default xts-section-disabled\" data-id=\"6a0cd965\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b27d7\" data-id=\"4b27d7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-242ca847 xts-scheme-inherit xts-textalign-inherit elementor-widget elementor-widget-text-editor\" data-id=\"242ca847\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 23-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>[xts_html_block id=&#8221;3506&#8243;]<br \/>\t<div class=\"ibpo-articles xts-single-post-header\">\r\n\t\t<div class=\"xts-post-meta\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"xts-post-categories\">\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t<a  class=\"xts-post-category\" href=\"https:\/\/www.ibpo.com.my\/chi\/category\/articles\/\" rel=\"category tag\">\n\t\t\t\t\t\tArticles\t\t\t\t\t<\/a>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"xts-post-date\">\n\t\t\t\t\t\t\t<time class=\"published\" datetime=\"2026-08-19T07:45:02+00:00\">\n\t\t\t\t\t19 8\u6708 2026\t\t\t\t<\/time>\n\t\t\t\t<time class=\"updated\" datetime=\"2026-08-19T07:49:34+00:00\">\n\t\t\t\t\t19 8\u6708 2026\t\t\t\t<\/time>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\r\n\r\n\r\n\t<\/div>\r\n\r\n\t\t\t<h1 class=\"ibpo-articles xts-post-title xts-entities-title\">\r\n\t\t\t\tRM700,000 EPF Spent in 21 Days: Is Your Retirement Plan Ready for the Years Ahead?\t\t\t\t<\/h1>\r\n\t\t\r\n\r\n\r\n\t\r\n<\/p><p><span data-contrast=\"auto\">RM700,000 may look like a lot of money. But if you have major expenses to take care of after retirement, it may not be as much as it seems.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Recently, a story about\u00a0a 55-year-old individual went viral across\u00a0<\/span><a href=\"https:\/\/thesun.my\/going-viral\/man-allegedly-spends-rm700k-epf-within-21-days\/#:~:text=a%20short%20period.-,According%20to%20a%20viral%20post%20on%20Threads%2C%20the%2055%2Dyear,depleted%2C%E2%80%9D%20the%20post%20read.\"><span data-contrast=\"none\">Malaysian news media<\/span><\/a><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><a href=\"https:\/\/www.threads.com\/@badruldinzakaria\/post\/Dbo4lJrD0AZ?xmt=AQG0gNjUYuJ2g3H-Xs7kQqv84f0S_3_J0HK3wTf18f3rXw\"><span data-contrast=\"none\">Threads<\/span><\/a><span data-contrast=\"auto\">, alleging that he had used up RM700,000 in retirement savings within\u00a021 days. According to the Threads account, the money was used to renovate a house,\u00a0purchase\u00a0a car with\u00a0cash\u00a0and pay for the individual&#8217;s child&#8217;s wedding reception. After exhausting the EPF savings, the individual allegedly returned to work as a security guard at a supermarket to support himself financially.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">But rather than asking whether the individual&#8217;s decisions were right or wrong,\u00a0perhaps there\u00a0is a more useful question for all of us:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u201cIf you had a large amount of retirement savings today, how would you decide what to spend, what to keep and what you need for the years ahead?\u201d<\/span><\/b><\/p><p><span data-contrast=\"auto\">Retirement planning\u00a0isn&#8217;t\u00a0about telling you what you should or\u00a0shouldn&#8217;t\u00a0spend your money on.\u00a0It&#8217;s\u00a0about understanding your financial position and making decisions with a clear picture of what comes next.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">RM700,000 Sounds Like a Lot. But What Does It Need to Cover?<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/h3><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-10058\" src=\"http:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-scaled.jpg 2560w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-300x200.jpg 300w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-1024x683.jpg 1024w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-768x512.jpg 768w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-1536x1024.jpg 1536w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-2048x1365.jpg 2048w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/asian-muslim-couple-checking-family-financial-management-report-husband-wife-confused-bad-financial-18x12.jpg 18w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p><p><span data-contrast=\"auto\">One way to put RM700,000 into perspective is to look at how much it would amount to if it were spread across different retirement periods, starting at age 55:<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><table data-tablestyle=\"MsoTableGrid\" data-tablelook=\"1696\" aria-rowcount=\"6\" aria-colcount=\"3\"><tbody><tr aria-rowindex=\"1\"><td data-celllook=\"0\"><p><b><span data-contrast=\"auto\">Retirement Period\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><b><span data-contrast=\"auto\">Age (starting at 55 years old)\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><b><span data-contrast=\"auto\">Approx. Monthly Amount*<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"2\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">10\u00a0<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">65\u00a0years old<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">RM 5,833<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"3\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">15<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">70\u00a0years old<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">RM 3,889<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"4\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">20\u00a0<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">75\u00a0years old<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">RM 2,917<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"5\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">25<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">80\u00a0years old<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">RM 2,333<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"6\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">30\u00a0<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">85\u00a0years old<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">RM 1,944<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p><\/td><\/tr><\/tbody><\/table><p><i><span data-contrast=\"auto\">Illustration only. This does not account for investment returns, inflation, healthcare\u00a0costs\u00a0or other sources of income.<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">RM700,000 may seem like a\u00a0substantial\u00a0amount if it is solely used to cover your day-to-day living expenses, assuming you have no outstanding debt, house loans, family support or allowances, healthcare costs, major\u00a0purchases\u00a0or unexpected expenses to account for.\u00a0But once these financial commitments come into the picture, the amount available for your retirement lifestyle can look\u00a0very different.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u00a0That is why understanding your financial commitments and\u00a0planning ahead\u00a0are important before deciding how to use your retirement savings.<\/span><\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-10059\" src=\"http:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1709\" srcset=\"https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-scaled.jpg 2560w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-300x200.jpg 300w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-1024x683.jpg 1024w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-768x513.jpg 768w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-1536x1025.jpg 1536w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-2048x1367.jpg 2048w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/senior-indian-asian-couple-accounting-doing-home-finance-checking-bills-with-laptop-calculator-money-also-with-piggy-bank-while-sitting-sofa-couch-table-home-18x12.jpg 18w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p><p><b><span data-contrast=\"auto\">Your Pre-Retirement Checklist<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Before reaching retirement age, ask yourself:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><table data-tablestyle=\"MsoTableGrid\" data-tablelook=\"1696\" aria-rowcount=\"9\" aria-colcount=\"2\"><tbody><tr aria-rowindex=\"1\"><td data-celllook=\"0\"><p><b><span data-contrast=\"auto\">What to Review\u00a0<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><b><span data-contrast=\"auto\">Question to Ask\u00a0<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"2\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83d\udcb0 Retirement savings<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">How much will I have when I retire?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"3\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83d\udcc5 Retirement timeline<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">How long will\u00a0I need\u00a0my\u00a0money\u00a0to last?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"4\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83d\udcb8 Monthly expenses<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">How much will I realistically need each month?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"5\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83c\udfe0 Debt<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">Will I still have house loans or other commitments?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"6\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83c\udfe5 Healthcare<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">How will I cover unexpected medical expenses?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"7\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83d\udc68\u200d\ud83d\udc69\u200d\ud83d\udc67 Family<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">How much\u00a0financial\u00a0support will I continue to provide?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"8\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83c\udf34Lifestyle<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">What do I want to spend my retirement doing?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><tr aria-rowindex=\"9\"><td data-celllook=\"0\"><p><span data-contrast=\"auto\">\ud83d\udcbc Income<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><td data-celllook=\"0\"><p><span data-contrast=\"auto\">Will I have other sources of income after retirement?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/td><\/tr><\/tbody><\/table><p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">There Is No \u201cPerfect\u201d Way to Spend Your Retirement Savings<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h3><p><img decoding=\"async\" class=\"alignnone size-full wp-image-10060\" src=\"http:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1.jpg\" alt=\"\" width=\"1920\" height=\"1281\" srcset=\"https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1.jpg 1920w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1-300x200.jpg 300w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1-1024x683.jpg 1024w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1-768x512.jpg 768w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1-1536x1025.jpg 1536w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/08\/happiness-asian-family-candid-daughter-hug-grandparent-mother-farther-senior-elder-cozy-relax-sofa-couch-surprise-visiting-living-room-hometogether-hug-cheerful-asian-family-home-1-18x12.jpg 18w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/p><p><span data-contrast=\"auto\">For some, retirement may mean renovating their home or buying a new car. For others, it may mean travelling, supporting their children, paying off their\u00a0debts,\u00a0or simply enjoying a comfortable lifestyle.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">And&#8230;\u00a0That&#8217;s\u00a0okay!\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">A major\u00a0purchase may be meaningful to you. Supporting your family may be a priority. Enjoying the\u00a0money\u00a0you&#8217;ve\u00a0worked hard for is also part of retirement.\u00a0But before making a significant financial commitment, ask yourself:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">\u00a0\u201cIf I spend this amount today, will I still have enough for what I may need tomorrow?\u201d<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">You\u00a0don&#8217;t\u00a0have to figure out your retirement finances alone.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">Contact us for a free consultation.<\/span><\/b><span data-contrast=\"auto\">\u00a0Our team can help you assess your current financial health, review your existing commitments s<\/span><span data-contrast=\"auto\">uch as\u00a0house loans, personal\u00a0loans\u00a0and credit card debt, and explore possible financial solutions, including\u00a0debt consolidation, based on your financial needs.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p><p><b><span data-contrast=\"auto\">The best time to prepare for retirement is before you retire. Start today.<\/span><\/b><\/p><p><a href=\"https:\/\/wa.ibpo.com.my\/?r=nl\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9651\" src=\"http:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1.png\" alt=\"\" width=\"252\" height=\"82\" srcset=\"https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1.png 2084w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1-300x98.png 300w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1-1024x334.png 1024w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1-768x250.png 768w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1-1536x500.png 1536w, https:\/\/www.ibpo.com.my\/wp-content\/uploads\/2026\/06\/Whatsapp-Button-1-2048x667.png 2048w\" sizes=\"(max-width: 252px) 100vw, 252px\" \/><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a3ada20 elementor-section-boxed elementor-section-height-default elementor-section-height-default xts-section-disabled\" data-id=\"a3ada20\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa88632\" data-id=\"aa88632\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>[xts_html_block id=&#8221;3506&#8243;] RM700,000 may look like a lot of money. But if you have major expenses to take care of after retirement, it may not be as much as it seems.\u00a0 Recently, a story about\u00a0a 55-year-old individual went viral across\u00a0Malaysian news media\u00a0and\u00a0Threads, alleging that he had used up RM700,000 in retirement savings within\u00a021 days. According [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":10056,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RM700,000 EPF Spent in 21 Days: Is Your Retirement Plan Ready for the Years Ahead?<\/title>\n<meta name=\"description\" content=\"Retirement planning isn&#039;t about telling you what you should or shouldn&#039;t spend your money on. It&#039;s about understanding your financial position and making an informed decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ibpo.com.my\/chi\/rm700000-epf-spent-in-21-days-is-your-retirement-plan-ready-for-the-years-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RM700,000 EPF Spent in 21 Days: Is Your Retirement Plan Ready for the Years Ahead?\" \/>\n<meta property=\"og:description\" content=\"Retirement planning isn&#039;t about telling you what you should or shouldn&#039;t spend your money on. 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