After my post in April 2019 about hitting the annual Basic Healthcare Sum target, the engines of wealth have been chugging along nicely in Q2. I’m still on target to hit my goal of reaching the CPF Full Retirement Sum 2019 (FRS) of $176,000 with the current amount at the 86% mark of $152,000.
Comparing against the chart above, I have made progress of around $12,000 this year. Looks like it is 1/3 down, and another 2/3 to go? In a previous blog post, I wrote about having the option of transferring out my own CPF money to my parents’ accounts.
To explore this possibility, I wrote to CPF board and asked them to perform projections for three different options – topping up my mum’s CPF Retirement Account (CPF-RA) with either:
$30,000 $60,000 $90,000The source of input funds would either be cash or my CPF-OA. To
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