Auntie Retire Devi Knowledge Chief

I withdrew about RM38,000 from Account 2 in 2019 for my house in Kajang and honestly I don't regret it, but here are the real lessons. First, the money compounds at around 5-6% dividend yearly, so that RM38k could have been maybe RM60k+ by retirement, that's the real cost you're paying. Second, the withdrawal is not instant, it took me almost three weeks after submitting through i-Akaun with the S&P agreement, so don't promise the developer you'll pay by a certain date. Third, you can only use it for the property purchase or to reduce the loan, not for renovation, so plan your reno cash separately.