I received the online CPF statement in my inbox this week – the yearly statement with colourful charts and breakdown. I blogged about my CPF balance in 2017 here. CPF is one of the tools which you should use for your own retirement needs. It is almost “risk-free”, hence you should “hack” it to the max. I am extremely pleased to see the balances in the OA, SA and MA accounts increasing nicely ? and i am pretty sure it will hit $1m by the time i retire. You can and should use it for your retirement planning too. So how did my CPF “performed”? I received $23,749 as interest income in 2018 and spent $1,004. As you can see, other than for the medical premiums, I did not use it for my housing. Currently, the all-in costs for my housing loan is below 2.5% and i pay
About The Author
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
October 11, 2017