tag:blogger.com,1999:blog-7944902213075756335.post2607483132925573370..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): AK showing off his CPF-SA numbers again?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-7944902213075756335.post-86479524364173254542018-07-16T11:49:18.957+08:002018-07-16T11:49:18.957+08:00Reader says...
Hello AK, just checking if you stil...Reader says...<br />Hello AK, just checking if you still find topping $7k cash per year (when young)into SA a good investment profile?<br />Or is there other better ways for $7k per year?<br />Have been doing that for the past 2 years and wondering if I should continue this year:)<br /><br /><br />AK says...<br />I only did what I thought made sense for me. You have to decide if it makes sense AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24691466190218145332018-07-16T11:48:20.680+08:002018-07-16T11:48:20.680+08:00https://singaporeanstocksinvestor.blogspot.com/201...https://singaporeanstocksinvestor.blogspot.com/2016/08/1m-in-cpf-by-age-65-what-about-12m.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83808990522454720482017-12-09T10:45:44.958+08:002017-12-09T10:45:44.958+08:00Worried about the projected 3% yearly increase in ...Worried about the projected 3% yearly increase in Minimum Sum (Full Retirement Sum)? <br /><br />Not me.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59061673230019077552017-12-09T10:34:05.608+08:002017-12-09T10:34:05.608+08:00Reader says...
I am thinking of shifting $66k from...Reader says...<br />I am thinking of shifting $66k from my OA to my SA to top it up to FRS to make the money grow faster. But that would mean also that I can’t do the Top Up to SA ($7k each year) into my SA anymore...<br /><br /><br />AK says...<br />If you do not have spare cash to top up the SA, then, OA to SA transfer is a good idea. You won't get any income tax relief in such a case.<br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23141657622939693632017-01-10T11:13:09.961+08:002017-01-10T11:13:09.961+08:00Hi LS,
Here is the link to the guest blog:
Withdr...Hi LS,<br /><br />Here is the link to the guest blog:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2017/01/withdraw-cpf-mstu-and-interest-at-55.html" rel="nofollow">Withdraw CPF MSTU and interest at 55?</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7324933823309934082017-01-08T11:48:24.502+08:002017-01-08T11:48:24.502+08:00Extra Interest
An extra 1% interest per annum is ...Extra Interest<br /><br />An extra 1% interest per annum is currently paid on the first $60,000 of a member’s combined balances (with up to $20,000 from OA).<br /><br />Extra interest received on monies in the OA will go into the member’s SA or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46762682260533157422017-01-08T10:38:33.580+08:002017-01-08T10:38:33.580+08:00Hi
1) I understand that first 60k earns an extra ...Hi<br /><br />1) I understand that first 60k earns an extra 1% with 20k from OA. How does the rest of the 40k get split between SA and MA?<br /><br />2) For a person who is >55 years, he will earn an extra 1% on the first 30k of their CPF combined balance with up to 20k from OA. How do we know what is this combined balance?<br /><br />Thanks!Collinhttps://www.blogger.com/profile/17281787249074233211noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42197436965365406702017-01-07T13:09:13.832+08:002017-01-07T13:09:13.832+08:00Hi LS,
OK. Will do.
Bad AK! Bad AK! ;p
I will p...Hi LS,<br /><br />OK. Will do.<br /><br />Bad AK! Bad AK! ;p<br /><br />I will post a link to the guest blog here when it happens. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6654752702142055182017-01-07T12:15:28.540+08:002017-01-07T12:15:28.540+08:00Hi AK,
Just remove the comment then.
For the fo...Hi AK,<br /><br />Just remove the comment then. <br /><br />For the folks who missed my comment that is removed by AK (because he is evil and don't like me. Joking, lol), please see the summary below.<br /><br /><br />1) If it is about FRS, you can withdraw all the remaining funds that exceeds the FRS amount,<br />2) if it is about BRS, the rule applies and you cannot withdraw the top-up Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59153830398023795452017-01-07T12:02:35.681+08:002017-01-07T12:02:35.681+08:00Hi LS,
Unfortunately, it is impossible to keep on...Hi LS,<br /><br />Unfortunately, it is impossible to keep only part of the comment. It is either the whole thing or nothing. Maybe, I will copy and paste into a guest blog instead of cut and paste. I know Google doesn't like cookie cutter tactics but I am not running my blog as a business. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84204088313898084282017-01-07T10:26:58.946+08:002017-01-07T10:26:58.946+08:00Sure AK, if this will help to get the message to m...Sure AK, if this will help to get the message to more audience, why not?<br /><br />Especially since I have seen this questions on withdrawal of top-up money coming up quite often. I believed a post can help to clarify on this matter.<br /><br />And cutting and pasting it as guest blog is not really called lazy. I prefer to use the term "efficient". Ha ha ;please<br /><br />P.S. maybe Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75065141431461508432017-01-07T10:06:29.404+08:002017-01-07T10:06:29.404+08:00Hi LS,
I think I will remove your comment and upl...Hi LS,<br /><br />I think I will remove your comment and upload it as a guest blog. ;p<br /><br />'I choose a lazy person to do a hard job. Because a lazy person will find an easy way to do it.' - Bill Gates.<br /><br />AK is super lazy! ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81454931099056853292017-01-07T09:36:44.683+08:002017-01-07T09:36:44.683+08:00I understand that a guest blog post will allow the...I understand that a guest blog post will allow the information to reach more people. But it will be too much work, especially when I'm the type of person who always do maximum research, triple check my work and provide all the citations/links...<br /><br />Just the previous long winded comment took me more than 1 hour since I research/check many times to ensure the accuracy of the comment. <Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12257257903786664202017-01-07T09:22:30.189+08:002017-01-07T09:22:30.189+08:00Hi LS,
Actually, a guest blog would have been bet...Hi LS,<br /><br />Actually, a guest blog would have been better because fewer people read the comments section. I can understand the part about being lazy though. ;p<br /><br />My blog receives plenty of SPAM, from money lenders, course providers etc. Most of the time, the program is able to differentiate bona fide comments from SPAM. Once in a while, something falls through a crack. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84151133821445530202017-01-06T23:08:45.636+08:002017-01-06T23:08:45.636+08:00No problem. Glad my information will be some help ...No problem. Glad my information will be some help to others and help to clear some doubts.<br /><br />Originally thinking if I should email to you instead since a bit on the long side. Maybe even compiling more information as a guest post. But since I'm lazy, I rather skimp on the effort and just post as a comment.<br /><br />P.S. never expected my comment to go into spam folder. Will not be Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25740677816793769472017-01-06T22:31:51.289+08:002017-01-06T22:31:51.289+08:00Hi IM,
Glad it has worked for you too.
I always ...Hi IM,<br /><br />Glad it has worked for you too.<br /><br />I always tell people this is not rocket science. It is simple math. ;)<br /><br />Gong Xi Fa Cai! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1377206413646061472017-01-06T22:30:09.258+08:002017-01-06T22:30:09.258+08:00Hi LS,
The system chucked your long comment into ...Hi LS,<br /><br />The system chucked your long comment into the SPAM folder. Thanks to your second comment, I went and took a look. Thanks for doing some heavy lifting. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73795878036043302752017-01-06T21:46:11.588+08:002017-01-06T21:46:11.588+08:00My comment in the morning is not up as well... mus...My comment in the morning is not up as well... must be too lengthy so AK do not approved. SighzAnonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10520508741605256472017-01-06T20:35:16.903+08:002017-01-06T20:35:16.903+08:00Hi AK Bro,
Thank you for sharing the CPF's s...Hi AK Bro, <br /><br />Thank you for sharing the CPF's stragtegy to transfer the OA to SA. I followed it and very happy to receive SA: $7485.20. My wife earned $6000 for her SA. The magic of compounding is amazing and it is helping me to build up my retirement fund. http://investmindz.blogspot.sg/2017/01/retirment-strategy-2016-cpf-interest.html<br /><br />Wishing you a prosperous Chinese Investmindshttps://www.blogger.com/profile/01889470330516440329noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59622031738609868082017-01-06T17:15:44.105+08:002017-01-06T17:15:44.105+08:00Testing to see if I can send a comment. Testing to see if I can send a comment. SkinnyOldManhttps://www.blogger.com/profile/00268096640082708833noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17116862694219317632017-01-06T11:28:42.733+08:002017-01-06T11:28:42.733+08:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23827162948856932002017-01-06T09:47:19.568+08:002017-01-06T09:47:19.568+08:00Hi test,
You might want to clarify with CPFB agai...Hi test,<br /><br />You might want to clarify with CPFB again. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85798197540403364332017-01-06T09:28:40.204+08:002017-01-06T09:28:40.204+08:00Hi AK,
I have clarified with CPF previously and t...Hi AK,<br /><br />I have clarified with CPF previously and they mentioned all top-ups (with its interest) cannot be withdrawn even if you have already hit ERS. <br /><br />E.g.$1m made up of $600k mandatory contributions, $400k top-ups with interest, ERS = 300k<br />i can only withdraw 300k, and 700k goes into annuity.<br /><br /><br /><br />Can confirm???testhttps://www.blogger.com/profile/14348184534876725677noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58948073754413172072017-01-06T09:23:07.935+08:002017-01-06T09:23:07.935+08:00Hi test,
Your example is far fetched. If the ERS ...Hi test,<br /><br />Your example is far fetched. If the ERS is $300K by the time you are 55, if you like, only $300K will find its way into your RA. $1m in the RA will never happen because at age 55 the balance $700K will either stay in your OA and SA or you could withdraw.<br /><br />You might be interested in these blogs:<br />1. <a href="http://singaporeanstocksinvestor.blogspot.sg/2016/09/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29058580586524195202017-01-06T08:53:50.058+08:002017-01-06T08:53:50.058+08:00Hi AK,
Is it true that ALL top-up monies + intere...Hi AK,<br /><br />Is it true that ALL top-up monies + interest cannot be withdrawn even if we are well in excess of the enhanced retirement sum? <br /><br />e.g. we have $1M in RA, and ERS is 300k. the full 1M (less mandatory contributions) will turn into our annuity? <br /><br />Also, the annuity is calculated based on 20 years expectancy. If we pass away before the 20 year mark, is it correct testhttps://www.blogger.com/profile/14348184534876725677noreply@blogger.com