EPF is the best saving option available now starting 2024

Try don't put everything in one basket. That's our suggestion for your career, saving and invest your money. Nowadays with uncertainty face by global economy and rising inflation, most of us now have at least 2 jobs. One is full-time job where we have a fix office hour for it and another is freelance or part-time job where working hour is flexible and we can have more freedom.

A person who work hard for both jobs should have extra money for saving after their monthly expenses being deducted. He/she can choose to save money at the bank, park your cash in fixed deposit account or buy insurance to get protection. Although for EPF, you and your employer already contribute for your future retirement plan on monthly basis, you can also choose to voluntarily contribute.

After government had implemented account 3 for EPF, we felt that EPF now is the best saving option available starting 2024. 

The above is our forecast for 2024's EPF dividend.

Finally, the following are our 3 reasons why EPF is the best saving option starting 2024!:

1. Consist 3 of the best world with Account 1 as Retirement Fund, Account 2 similar like Fixed Deposit and Account 3 can act like our normal bank saving account.

2. It link to Insurance for further saving with extra self-protection and with available option to invest our money into Unit Trust.

3. Lastly, it is easy to name our nominees by just filling up their details without the need to go through consuming time of legal process.

Note : The above article is just our personal views and we think that EPF is the best saving option starting 2024! One last reason is we believe Malaysia government would add more facilities to encourage more Malaysia citizens to use EPF as saving account.