EPF Withdrawal at 60

Here’s my thoughts:

1. Some people have too little money in EPF thus they won’t have enough money at 60 anyway. They will still struggle. If for 25 years they can’t make enough, how can 5 years makes a difference.
2. If they retire without EPF – then it’s hard. They need a source of income – which is EPF.
3. People who are well prepared for retirement – will need to adjust their timeline for money. But this is not an overnight change. 
4. Fact – EPF monies not enough for retirement. 
5. Some people use their retirement funds to fund their kids education, it’s noble but the kids will need to support them later otherwise they will be koyak. 

I myself struggling with retirement planning, I know EPF is not enough. I need to have multiple source of income in order to retire happy. Passive income!!