A Malaysian woman sparked widespread discussion online after sharing a screenshot of a Facebook post that highlighted how quickly retirement savings can disappear without careful planning.
The post, which later went viral on Threads, described a retiree who had exhausted his entire Employees Provident Fund (EPF) savings within a short period of time.
Retired at 55 with RM700k in EPF savings
According to the Facebook post, the man retired at the age of 55 with RM700,000 in EPF savings.
However, just three years later, at the age of 58, he reportedly visited a clinic for a medical checkup in order to apply for work as a Grab driver.
The reason stated was that his EPF savings had already been fully depleted.
The post ended with a worried reflection on money management, expressing fear over not knowing how to properly manage retirement funds.
Woman reacts to the story on Threads
Along with the screenshot, the woman who reshared the post wrote a short but striking caption.
“Allahu, RM700k finished in just 3 years.”
Her post quickly gained traction, with many Malaysians weighing in on how such a large sum could be spent in such a short time.
Netizens speculate where the money went
In the comment section, netizens offered possible explanations based on common real life experiences.
Some suggested that the money may have gone into home renovations, wedding expenses, or financial support for children.
Others shared similar stories from their own families. One netizen said their uncle had RM500,000 in EPF savings but used it to build houses for all three of his children, eventually spending everything.
Several commenters also pointed to poor money management as a recurring issue among retirees who withdraw their EPF savings in a lump sum.
One commenter added that they personally plan to opt for monthly withdrawals to avoid running out of money too early.
What do you think about this? Share your thoughts with us in the comment section.
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