By: Adrian Khiat
I went finexis(one of the FA firm) at Parkview Square to visit an ex-colleague few days ago. I saw a group of young advisers rushing to submit their CPF investment cases. I get to know that some of them had not even went home the previous night because they need to prepare all the forms.
Many advisers have been pushing very hard to convince people invest their initial $20k from Ordinary and Special Account last week. The Advisers had convinced them to such as if they can never invest again.
Is it true that these people are missing big time if they fail to beat the deadline? To me, its not really a big deal even you choose not to invest now. Why?
Lets analyse an example
Mr Tan earning $3k/mth with 1 mth AWS and 1.5mth bonus per year.
Mr Tan will be able to accumulate $20k in his OA in 2 yrs. Read more....