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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