Search Results for: cpf

Your Children University Fund. Who pays???

Read? Sending Your Kid To Overseas University Education Real People. Real Story. He has gotten his flat and getting married soon; but he is financially stress as he has supported himself and paid for himself his tertiary education as his father's CPF OA was not enough to pay for his tuition loan after using up for his elder sister's tertiary tuition fee. While his peers are saving money; … [Read more...]

Why join the Supplementary Retirement Scheme?

Hi AK: I just like to share one of my view on SRS account. When I first decided to contribute to SRS, it was mainly to reduce my income tax. However, I realize that a lot of people between 55 to 65 years old have to work because their CPF is not enough for them to stop work before the CPF life pay out at age 65. This is assuming that CPF is their only retirement fund. By contributing … [Read more...]

Know how to grow our CPF savings.

I think there are quite a few readers who are confused about the difference between contributing to their CPF account and topping up their CPF account. I understand their confusion. Once upon a time, I was confused too. 1. There is such a thing as the CPF annual contribution limit. Basically, our mandatory contribution (MC) and voluntary contribution (VC), if any, cannot exceed the annual … [Read more...]

Young Asian adults likely to face cash crunch in retirement

Read? Young Asian adults likely to face cash crunch in retirement Lorna TanInvest Editor/Senior Correspondent Young adults - so-called millennials - in the region are at substantial risk of a cash crunch in their later years, with many expecting to carry mortgage debts into retirement or even run out of money altogether. CW8888: True man! Uncle8888's younger peers at 54. You see that … [Read more...]

Why is it call a Bull Market and a Bear Market?

Ever wondered why is a dropping market call a bear market and why is a rising market call a bull market? There is no 100% confirmed story, but the one we present below is one that has been highly circulated over the years. Apparently, it has something to do with the bears attack their prey. Think for a moment how these animals attack their prey. Recommended Post: Singapore Retirement, … [Read more...]

Emails on investments and the CPF.

I have been spending more time on a new hobby. Online gaming! No, don't worry. It is not of the casino variety. It is a MMORPG. What is this? Massively multiplayer online role-playing game. For more information: MMORPG. The game is "Neverwinter" by Dungeons & Dragons. I am amazed that something like this is available to play free of charge! I remember "Diablo" by Blizzard was quite … [Read more...]

How much can you withdraw from CPF at 55?

Earlier today, there was this article indicating that those who turn 54 this year are eligible for a new CPF retirement planning service (CRPS). There will be a one on one session to help the individual to understand the CPF scheme and plan for the options which will be available one year later when they turn 55.Article … [Read more...]

Using CPF for retirement

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The Sunday Times ran a two-part series on CPF last Sunday and today. It's definitely worth spending some time to read through those articles and ponder on them regardless of your age. 😄This will allow you to make informed decisions on CPF and whether you want to take "irreversible" actions when you are younger, such as topping up your CPF or transferring cash from OA to SA. (I didn't do any of the … [Read more...]

Mystics Secrets of the Eunuch Sorcerer !

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Before I go for my exams and take 10 days off my blogging, I'd just like to address the amazing traction of my Eunuch post by looking at ways for a fresh graduate public servant to rapidly create a portfolio that can facilitate an early exit from stifling bureaucratic environment. The public service is a lot more forgiving for entry-level personnel and you will find that your early salary … [Read more...]

Go hit CPF MS or FRS by age 40!

Hi AK: I am currently 37 years old. I am working towards the target of hitting my CPF mininum sum by the age of 40. The current balance in my SA is about 80k. My OA account balance is zero as I have transferred all my OA to my SA account. I have already hit the max limit for my MA of 52k. After reading your blog, I top up at the start of the year to receive free $88 ang pow. :) I have … [Read more...]

Voluntarily Cash Top Up To Our Children CPF Account When They Are Young For Compounding Interests

Hmm ... One reason Uncle8888 recently came to know : Lock up this money in the CPF system till their children reach 55 so they can become richer with parental cash support. Do they mean that they are going to leave behind very LITTLE or NO inheritance for their children? Which is likely to be larger? Inheritance or CPF when their parents have so much surplus cash to think of topping up … [Read more...]

Improving retirement funding adequacy for my father.

To have aged parents is our good fortune. However, they could be a drain on our financial resources if they do not have adequate savings to fund their golden years. Add to this the greater possibility of being stricken by illnesses which require hospitalization or even long term medical care, we could have a very stressful situation on hand. In recent years, I have been suggesting that we … [Read more...]

When is the best time for making OA to SA transfer | Earlier is not always better

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Few months back Max wrote a post to discuss the things to consider before transferring our CPF money from OA to SA savings. Essentially, the post discussed that if the transfer is made earlier, the power of compounding at the higher interest rate will reap significant benefits, but because the transfer is irreversible, the 'in case I need it' mentality is still the key barrier for some to optimize … [Read more...]

Yes! There is interest on your CPF Housing Grant, BUT…

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No, this is not another pro-government blog post. Neither is this another anti-government post. This is purely a post to make sense of the article posted by The Online Citizen. The Online Citizen recently published a post called 6 things you weren't told about the CPF housing grant. We thought that the content was really new and surprising and that spurred us to do our own research if it was … [Read more...]

KPO Analysis on Ascott Residence Trust (REIT) Rights Issue

Ascott Residence Trust (REIT) announce 29 rights units for every 100 existing units at a discounted price of $0.919 per share few weeks back to raise gross proceeds of approximately S$442.7 million. If you do not know what is a rights issue, you can read about it here. It is one of the way the company raise more fund to do all sort of things (acquire more property, expand business, pay debt, … [Read more...]

Personal Finance is Really Personal (CPF / Insurance/ Housing /Saving /Investing etc)

Personal finance is an interesting subject which is really“ Personal “ as there are many factors affecting a person or family’s finances – how much to keep as saving vs investing , to buy term or life insurance , to take up HDB loan or from private banks , to buy HBD or Condominium and of course the hottest topic of CPF ( to transfer our OA to SA or do a voluntary cash top up into SA account) … [Read more...]

Give Your Child Fish Or Teach Your Child How To Fish

As parents we set real life examples for our children to learn from us and hopefully they will follow the right thing from us. Does it make sense to use CPF to be a long term endowment for your kids? One participant asked 2 questions a long the lines of: could we contribute more to our CPF SA, above the minimum sum limit and take advantage of the 4% interest is it a good idea to … [Read more...]

CPF Talk Review – No General Solutions, Rich Assets vs Good Assets, Opening a CPF SA for your baby, Paying off Home Loans Earlier and Niche Rule of Thumbs

CPF is many things to Singaporeans, and we should be concern about how we can make sense of the CPF, and manage the CPF more efficiently. We conducted our BIGS LIVE on 16 Mar 2017, centering on making sense of your CPF and we have a very healthy turned out. My friends Chris from Tree of Prosperity, Budget Babe and Uncle Createwealth888 provide us with a glimpse of how they live with CPF and we … [Read more...]

Some dividends are not meant for investors to keep forever or spend them off??? (2)

Read? Some dividends are not meant for investors to keep forever or spend them off??? S-REITs and their right issues. What is the issue with right issues for not-so-wealthy retirees who are depending on investment income to support their household expenses;  they better know what is dilution at personal investment level. It is same as the loud voice in the main stream shouting on … [Read more...]

You don’t get to hack the CPF, the CPF gets you hack you !

Ok, it is time to summarise yesterday's proceedings. In case you guys are wondering, when we conduct our talks, we don't really do rehearsals so some of us speakers are also there to listen to what other bloggers have to say. So things get interesting if there is a disagreement between us, nothing we ever do is scripted. Here are some comments and things which I learnt from yesterday's session … [Read more...]