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MPF Quick Facts: The Essentials in Three Minutes

2011-02-17
Marcus Tang

What must you know about MPF?

Quick facts: launched 2000, employers and employees each pay 5% (within caps); contributions go to chosen funds, withdrawn at 65; Employee Choice lets the employee portion move trustees yearly; judge fees by FER, returns by the long run. Three minutes gets you started.

What’s next after the basics?

Turn knowing into doing: check the account, compare fees, adjust allocation. Compare your plan’s funds and turn knowledge into returns.

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