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My CPF 2022 – 1 year after taking up HDB loan
By Derek  •  January 1, 2022
Total interest earned is about $8,000 which is respectable considering that I wipe out almost my entire CPF-OA to purchase my HDB. A quick round-up on my CPF and how it will affect my Bank HDB Loan Strategy. My HDB Loan started in Dec 2020. CPF-OA currently stand at $40,000 an increase of of about $13,000. Assuming the same growth rate, I will have $40,000 + ($13,000 x  5) = $105,000 in my CPF-OA. This will easily reduce my loan amount to about $99,000 which fits into my plan of paying up my HDB loan in 5 to 10 years. CPF-SA is at $122,000 an increase of about $14,000.  I will require about 5 years to reach the full retirement sum (FRS). However since FRS also increases every year, I will probably require 10 to 15 years to reach the yearly FRS target CPF-MA has reach the limit at $63,000 and baring no unforeseen medical issues, I expect to reach the Y2022 limit of $66,000.  
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started TheFinance.sg with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.
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