Personal Finance
CPF can be our best friend in our golden years. (CPF is a bond, an annuity and a savings account.)
By A Singaporean Stockmarket Investor (ASSI)  •  December 17, 2019
In a blog published in February 2019, I said that even if I were to stop doing voluntary contributions to my CPF account then, I would have approximately $1.5 million in CPF savings when I hit 65 years of age. If you are a new reader or if you don't remember, read the following blog. See: $1.5m in CPF savings by doing nothing henceforth. Why did Albert Einstein call the power of compound interest the "8th wonder of the world?" You tell me. In a more recent blog, I revealed that I was doubling the amount of financial support for my parents. I also said that I would like to continue making voluntary contributions to my CPF account, maxing out the annual contribution limit, till at least age 55, barring unforeseen circumstances. Crossing fingers as that means another seven years of maximum voluntary contributions. I said I might want to enjoy life a bit more and stop doing voluntary contributions to my CPF account after I have accomplished that....
Read the full article
By A Singaporean Stockmarket Investor (ASSI)
Have a more secure financial future in an uncertain world by creating a stream of reliable passive income with high yields.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance