Personal Finance
I am on Retirement Sum Scheme (RSS) (5)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  January 2, 2020
Based on the two official replies from CPF 1. Estimated Monthly Payout from 65 to 88 is about $1,180 2. Estimated Monthly Payout from 65 to 90 is about $1,130 Read? I am on Retirement Sum Scheme (RSS) (4) 29 Dec 2019 09:20 PM You I already know the estimate from the calculator. But it only gives up to 23 years at 88 yrs old. How about from 89 to 90? What is the monthly payout? --------------------------------------------------------- Dear Mr Ng We refer to your email of 29 December 2019. If you would like your payouts to last you till age 90, you can request to adjust your payouts to about $1,130 if you were to commence payout from age 65 in September 2021. The actual payout rate will depend on your age and your RA balances when your payout application and request is processed. Your request will be assessed on a case-by-case basis as well. Do note that you will need to submit your request...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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