Search Results for: cpf

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...]

What is Contra Trading?

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Contra Trading, is the act of 1) buying a stock and selling it before payment date 2) selling a stock and buying it back before payment date In Singapore, after a trade is executed, you have three working days before you need to pay the total cost of the stock. If you buy a stock on Monday, you are only required to pay the total cost of the trade on Thursday. However, in contra trade, you … [Read more...]

AK the born again teacher or a mental blogger?

Reader: I chanced upon your blog half a year ago and been following your every entry since then. In my free time, i try to read up your entries to get a grasp of what we can do to improve our wealth and be financially independent. Articles such as contribution to CPF SA holds dearly to my heart as it means the earlier we transfer from OA (of course living a portion for hdb flat payment) to SA … [Read more...]

TDSR, Seller’s Stamp Duty, HDB Resale Grant Changes Aimed at Helping Singaporeans Cushion an Increasing Challenging Singapore Outlook

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There are a slew of changes on buying and selling properties announced in this 3 short months of 2017. The way we should look at these policies is that the government have a few levers that they can pull and push to stimulate on the demand side or the supply side. There are various niche market segments as well. Here are some of my thoughts. Change in CPF Housing Grant for First Time … [Read more...]

Personal Experience on Saving and Investment Journey (Year 2016)

Hello everyone! 2016 is a pretty calm year for me as I did not switch job, did not do much investment and also not much changes in the financial plan for myself. The only big changes is my marital status, I am married last year! My saving journey for the year of 2016 was quite stable and I did not really over spend too much although I have to cover the wedding expenses (which cost around … [Read more...]

Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)

Read? Turning 55 - and enjoying financial freedom (5) Today, Uncle8888 eng eng made another trip to Bishan CPF Branch. Last year. Thursday, 22 December 2016 It was like that .... CPF : You can withdraw interests from SA, OA and MA too. CW: Pls help to check how much interests I can draw out without touching my SA and OA. CPF: Wah! You have lots of interests to draw out. It … [Read more...]

How Much do you value having Options in Life?

A few days ago, I was alerted to a comment on my Facebook about a blog post. The author of the post came to a conclusion that it is better to use cash to pay down our mortgage, instead of using our government forced savings, the CPF OA account. I tried to understand why this person who shared this post was not very happy. Turns out, according to him, there is not just one scenario you need … [Read more...]

Personal tax rebate made me lost $98

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Just before end of 2016, Max did a voluntary cash top up of $7k to his CPF-SA savings. As you can see from the dates of transfer, the transfer was a decision at the eleventh-hour. The transfer is split into two transaction ($3.8k + $3.2k) due to the daily transfer limit on my bank account. Max's voluntary cash top-up to CPF SA in year 2016 It was fortunate that the second … [Read more...]

How to choose which CPF LIFE retirement plan is best for you

In the past, CPF retirement options were confusing. There used to be 12 different methods of getting your pension which only had subtle differences. This has since been reduced to just two basic options: CPF LIFE Basic, and CPF LIFE Standard. Here’s how to pick between the two. What is CPF LIFE in the first place? It’s actually an acronym for the Central Provident Fund Lifelong Income … [Read more...]

FInancial Blogger’s CPF Talk : Some details.

For this upcoming talk, we employed a very lax marketing schedule so right now we are about one week away and we have only 20% of our tickets left to sell so we should have another sell-out session next week. Today I’m going to provide more clarity on what I will be talking about. The problem with the CPF program is that it attempts to do too many things at once. Hence we should emphasize … [Read more...]

Learn To Optimise Your CPF

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CPF is something close to the hearts of Singaporeans. In fact, it is hard to meet an adult Singaporean without strong views on CPF policies or issues. Be it the inability to withdraw your CPF funds until age 55, interest rates on CPF funds, CPF LIFE or the compulsory Medisave contribution for self-employed (just ask any taxi uncle about this), few would sit on the fence. Much as we dislike some … [Read more...]