It is the end of June with all mandatory contributions in for the month.
OA to SA transfer for the month of June is also completed. SA balance currently stands at $107,057.49, slightly more than half of 2020 FRS or 59.1% of the journey.
In the current climate, it is better to have more cash on hand, though not for spending but for possible investment into stocks with higher potential for a better yield or capital gain. As such, there are 3 key takeaways for myself:
- Housing loan monthly installment is fully paid-up with CPF OA funds. This was versus transferring all to SA just a few months back for 4% p.a. interest.
- Hold off monthly contribution or RSTU to my SA to keep cash on hand.
- SA is still receiving the monthly contribution from employer and partially from OA to SA transfer (after taking into account housing loan monthly commitment)