In our latest episode, we had the privilege of hosting esteemed guests Hann Liew, the founder of RinggitPlus, and Economist Sani Hamid.Our discussion spanned across various significant subjects, encompassing the dire state of EPF savings and potential strategies to enhance the retirement funds of Malaysians. We also delved into the recent OPR hike by BNM, as well as expert opinions on ASB and ASM. Should the retirement age be raised to increase the alarmingly low EPF savings of Malaysians?Would raising the mandatory EPF contributions from employers work?Why did Bank Negara Malaysia (BNM) hike the Overnight Policy Rate (OPR) by 25 basis points? Are more rate hikes are expected?ASB and ASM – are they still a good form of investment? Quick facts: The state of EPF savings for Malaysians is alarming. As of December last year, PM Anwar revealed that only 19% of EPF members had reached the basic savings target of RM240,000 to retire by 55. Even this amount wouldn’t be enough to retire in our opinion, as it will only give retirees RM1,000 per month to survive.Bank Negara Malaysia surprised the markets by raising the OPR by 25 basis points on May 3. The increase brought the interest rate back to the pre-pandemic level of 3.0%.Amanah Saham Malaysia (ASM) and Amanah Saham Bumiputera (ASB) are unit trust funds managed by Amanah Saham Nasional Berhad (ANSB). These funds have gained recognition for consistently providing good dividends, averaging 6.92% for ASB and 5.68% for ASM over the past 11 years. However, the dividend rates have recently shown a decline. ~~~~~~~~~~~~ Hann is a personal finance expert with over a decade of experience in the financial industry. Qualified as a licensed financial planner, he has helped tens of thousands of Malaysians on their path towards financial literacy. Our other speaker, Mr. Sani Hamid, is a renowned economist and strategist with over 30 years of experience in the financial sector. He is a frequent commentator in the media and is widely respected in the field of economics. Hann’s socials: https://twitter.com/ooihann Mr. Sani’s socials: https://twitter.com/sanihamid ~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor today for as little as $1/month: https://www.patreon.com/TheFuturizts Find us at: https://linktr.ee/thefuturizts ~~~~~~~~~~~~ DISCLAIMER: The information contained in this podcast is for informational and educational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The opinions expressed in this podcast are solely those of the speakers.