This is my reply to a comment by a reader and because I want as many people to read this as possible, I am publishing this as a regular blog post.
See qook's comment:
here.
AK's reply:
Hi qook,
Yes, absolutely! That is what I have been trying to tell people for a long time. :)
Feed our CPF-SA early and feed it well. If we do it early enough and well enough, we would only have to do it for a few years and time will do the rest for us.
4% compound interest is powerful. 4% compound interest risk free is very attractive. However, we need a more substantial base to see more meaningful results. So, we need to help it along to help ourselves. ;)
Once you hit the ceilings for the SA and MA in any year, your monthly CPF contributions for the rest of the ......
