Personal Finance
CPFIS after 55. To close or NOT to close? (2)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  August 9, 2020
The decision to close CPFIS after 55 can be based on dollar and cents in order to make financial sense. Every counter held in your  CPFIS account incurs $8.56 custodian fee per year so there is cost or saving involved to compute. How to decide to close or not after 55? Your size of CPFIS really matters! Any money refund from your CPFIS will earn 2.5% interest p.a. Does annual interest earned far exceeded the total custodian fees? Yes or no? You need to do your own Maths! Bo pian!...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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