“At 58, he came to the clinic for a medical check-up to work as a Grab driver because the EPF money was gone.
A Malaysian netizen took to Threads to share a Facebook screenshot describing a retiree who had exhausted his entire Employees Provident Fund (EPF) savings within a short period of time.
In the screenshot, the man had retired at 55 with RM700,000 in EPF savings.
Just three years later, at 58, he returned to the clinic — not for retirement leisure, but to undergo a medical check-up required to work as an e-hailing driver.
“At 58, came to the clinic for a medical check-up to work as a Grab driver because the EPF money was gone.
“It’s scary not knowing how to manage money.”
The post has since gone viral with Malaysian netizens taking to the comments to share similar stories.
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One user shared how her father-in-law lost his savings in cryptocurrency within a month, while another said an uncle’s RM500,000 EPF savings disappeared after building houses for his children.
“This really happened to my own biological brother too. His EPF money was gone in less than three years,” shared a netizen.
“Yes, I have an uncle like this. RM500,000 EPF savings. Three children asked him to build one house each. All the money was gone,” commented another.
One Malaysian man said he supported monthly EPF withdrawals after retirement instead of lump-sum payouts to prevent financial collapse.
“Poor money management. This happens very often. That’s why EPF wants to introduce monthly withdrawals after retirement. Yes, I personally plan to do it this way.”
