Personal Finance
CPF Money That Finally Grew Till 1.3x FRS (2021)
By Turtle Investor  •  January 14, 2022
For a little background, this is a series of blog posts I have been writing since 2015 : There were a couple of CPF-related changes effective this year (2022) and I felt that Endowus did a pretty good job with its blog post. A lot more details has been covered in the Endowus blog post so I won’t repeat them here. To recap, the Basic Retirement Sum (BRS) and Full Retirement Sum (FRS) for 2022 is $66,000 and $192,000 respectively. At the personal front, I have managed to achieve BHS since 2018 and this has largely allowed for the annual interest earned in CPF-MA to help keep up with the yearly increase. Assuming 4% yield on $63,000 is thus equivalent to $2,520 – not bad....
Read the full article
By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance