Personal Finance
How Much Can Current CPF OA1M65 Survive In Singapore?
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 4, 2020
Read? 52,000 Singaporeans earn less than S$1,300 a month: Zaqy Mohamad to WP's Jamus Lim in discussion on minimum wage Despite this, Mr Zaqy asked Dr Lim to spell out WP's minimum wage standards. "Could I just confirm once again that the Workers' Party's S$1,300 minimum wage benchmark is gross income so that we could settle this and come to an understanding?" he said. Dr Lim at first said that was correct and a "fair characterisation", but later said that WP's stand was for the S$1,300 minimum wage to mean take-home pay.
Hmm ...  based on WP's definition of minimum wage of $1.3K take-home pay! Present batch of CPF OA1M65 in 2021/2022 can depend on passive income from their CPF up to 3 times of minimum wage from 65 to 88 CPF OA initial withdrawal at 4.5% giving $3.8K per month and adjust for yearly inflation at 2.5% from...
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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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