tag:blogger.com,1999:blog-7944902213075756335.post3188747860671024806..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): An update on AK's CPF-SA which outperformed in 2015.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-7944902213075756335.post-43431765407606017212018-08-18T14:50:24.971+08:002018-08-18T14:50:24.971+08:00Reader said...
I transferred everything from my OA...Reader said...<br />I transferred everything from my OA to my SA. So, it doesn't matter if the economy tanks... CPF still owes me my 4%. As the saying goes: If you can't beat them, join them!<br /><br />AK said...<br />And transferring a more meaningful amount from OA to SA earlier was what I did. <br />It takes a huge load off my shoulders when it comes to meeting the minimum sum or, nowAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63156016636179595792017-08-21T09:24:27.996+08:002017-08-21T09:24:27.996+08:00David Poh:
i really enjoyed your talk. As you wer...David Poh: <br />i really enjoyed your talk. As you were showing your SA amount i was wondering how come it can b higher than the FRS? I tot capped at $166k. How did u accumulate $200K+ in your SA?<br /><br />AK:<br />Once our CPF-SA has hit the FRS, no Top Up is allowed. No OA to SA transfer is allowed either. <br /><br />However, mandatory contribution and voluntary contribution are still AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67071438139984975222016-12-10T10:26:49.318+08:002016-12-10T10:26:49.318+08:00Reader:
Hi, I read from your blog that you have an...Reader:<br />Hi, I read from your blog that you have an amount greater than the 2016 FRS of $161K in your SA. How is that possible? Isn't amount in excess of the FRS in the SA transferred over to the OA?<br /><br />AK:<br />Even if our CPF-SA has hit the prevailing FRS, interest earned in the SA stays in the SA and if we are gainfully employed, the SA will still receive monthly mandatory AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30722059351427613322016-09-22T11:19:57.615+08:002016-09-22T11:19:57.615+08:00Hi Young,
1. I am very wary of investing with my ...Hi Young,<br /><br />1. I am very wary of investing with my CPF-SA money because of the risk free rate of 4% it offers. The only time I did was during the GFC when I used 10% of my SA money to invest in a Singapore focused unit trust. I sold it when its price more than quadrupled.<br /><br />2. The ERS is a good idea for anyone who would like a bigger monthly payout from CPF Life from age 65.<br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19796586990743907432016-09-21T17:51:33.705+08:002016-09-21T17:51:33.705+08:00Hi AK,
I would like to explore placing more than ...Hi AK,<br /><br />I would like to explore placing more than the Enhanced Retirement Sum in my SA.<br />Was thinking of the folllowing<br />1) just before reaching 55 to invest the SA less the minimum $40K required<br />2) upon 55 topup from the OA up to the Enhanced Retirement Sum into the RA<br />3) after 55 liquidate the invested amount and return back to the SA<br />This would allow additionalyounghttps://www.blogger.com/profile/12232405593054563700noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42132909170591074852016-08-25T11:18:45.488+08:002016-08-25T11:18:45.488+08:00Hi Vicster,
Reference: Comments in another blog.
...Hi Vicster,<br /><br />Reference: <a href="http://singaporeanstocksinvestor.blogspot.sg/2016/06/he-met-cpf-minimum-sum-but-has-one.html?showComment=1471942609135#c5007528509089461445" rel="nofollow">Comments in another blog.</a><br /><br />1) If you treat money in your CPF-SA as the investment bond component of your portfolio, it makes sense to do OA to SA transfer since there is no other use forAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63376166563083825252016-08-25T09:55:07.542+08:002016-08-25T09:55:07.542+08:00Hi AK
I have a couple of questions:
Scenario : ...Hi AK<br /><br /> I have a couple of questions:<br /><br />Scenario : I have 110k in SA and 50k in OA (with about 20k extra invested in equities). HDB flat fully paid up.<br /><br />1) Should I transfere 30k from OA to SA leaving 20k in OA and 20k in OA invested in equities?<br />2) Is there a frequency limit in transferring? So for eg, I just wanna transfer 10k first then another 10k another vicsterhttps://www.blogger.com/profile/07381847614225888222noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42812932430398636602016-08-14T22:01:41.582+08:002016-08-14T22:01:41.582+08:00Wong Hong Ting began regularly transferring his Ce...<i>Wong Hong Ting began regularly transferring his Central Provident Fund (CPF) savings from his Ordinary Account to his Special Account last year in order to grow his retirement funds faster.<br /><br />Mr Wong, 32, told The Sunday Times: "It is a no-brainer using CPF schemes - particularly the attractive 4 per cent interest rate for the Special Account compounded annually - to grow my AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75070038026834968592016-01-18T09:58:02.131+08:002016-01-18T09:58:02.131+08:00Hi FB,
Once the funds in your SA hits or exceeds ...Hi FB,<br /><br />Once the funds in your SA hits or exceeds the Full Retirement Sum (FRS) for the year, you will no longer be allowed to do CPF OA to SA transfers. So, it depends on how soon you hit the FRS.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91263315317668486902016-01-17T21:57:47.233+08:002016-01-17T21:57:47.233+08:00Hi AK71,
Love your blog and the information on CP...Hi AK71,<br /><br />Love your blog and the information on CPF SA.<br /><br />Just want to check if I transfer 6k from CPF OA to SA every year for 25 years, is there a CPF SA ceiling ?<br /><br />Thanks in advanceFilati-Bardahlhttps://www.blogger.com/profile/16957283688843662254noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41062513726298949722016-01-10T16:07:15.224+08:002016-01-10T16:07:15.224+08:00Hi eruption,
And you and I both know that peace o...Hi eruption,<br /><br />And you and I both know that peace of mind is priceless. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50065979665813333662016-01-10T12:59:22.235+08:002016-01-10T12:59:22.235+08:00Hi AK,
Yups, "simple" maths by our nat...Hi AK, <br /><br />Yups, "simple" maths by our nation :)<br /><br />Some correction after checking my statement again:<br />Interest received from my SA account in 2015 was $3,366.68<br /><br />I had transferred $30,000 from my OA to SA in 2015 although it was done in September & December for $20,000 of it so the interest for these was not for the entire year. <br /><br />Moving eruptionhttps://www.blogger.com/profile/01566528902715958902noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24949974121146880932016-01-10T09:34:46.275+08:002016-01-10T09:34:46.275+08:00Hi eruption,
What I have achieved with my savings...Hi eruption,<br /><br />What I have achieved with my savings in the CPF is not magic. It is math. ;)<br /><br />I am very happy to read that it has worked for you too. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59071698245734677252016-01-09T12:18:12.228+08:002016-01-09T12:18:12.228+08:00Hi AK,
Have been reading your mumbling on CPF o...Hi AK, <br /><br />Have been reading your mumbling on CPF over the past years. I have been transfering my OA to SA over past 2 years (I'm just past 36 years fyi).<br /><br />Pleasantly surprised to see my statement this week that interest on my SA was near to $4000 :) eruptionhttps://www.blogger.com/profile/01566528902715958902noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45638425769184943452016-01-06T09:57:33.657+08:002016-01-06T09:57:33.657+08:00Hi peace,
Before doing anything, question why you...Hi peace,<br /><br />Before doing anything, question why you want to do it and you will know if it makes sense.<br /><br />If you are topping up your OA to pay for your HDB flat, is it any different from using the cash you have on hand to pay for the flat? Why the extra step?<br /><br />If you are thinking of topping up your SA as part of your retirement funding strategy, you should consider yourAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51772142307533200632016-01-05T17:15:44.700+08:002016-01-05T17:15:44.700+08:00hi, i'm in awe with your figures. i'm in m...hi, i'm in awe with your figures. i'm in my mid twenties and is expecting to bto soon with my bf. my oa is around 27k, sa 7k. since hdb cost is deducted from OA, do you think i should voluntarily top up my OA? peacesinglovehttps://www.blogger.com/profile/01459466657809942692noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36076023481800825542016-01-04T10:08:01.876+08:002016-01-04T10:08:01.876+08:00Hi Vic,
All of us have different circumstances in...Hi Vic,<br /><br />All of us have different circumstances in life. We will also have different priorities and make different decisions as a result. So, it is really hard for me to give you specific advice on what to do.<br /><br />I achieved what I have achieved today because I gave myself certain priorities and I made certain hard decisions. So, if you share my priorities, then, you should AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60883843867006772932016-01-04T09:52:46.080+08:002016-01-04T09:52:46.080+08:00Hi AK
Congrats on crossing the 200k mark in SA. I...Hi AK<br /><br />Congrats on crossing the 200k mark in SA. I'm way behind although I have a little milestone crossing the 100k mark in SA. But I'm only a few years younger than you (sob).<br /><br />Anyway, I have a dilemma on a couple of things - quite broadly in fact and need your divine advice:<br /><br />1) I have a fully paid up HDB flat and have about 46k in my OA. With the propertyvicsterhttps://www.blogger.com/profile/07381847614225888222noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24218820435538955112016-01-04T08:53:48.598+08:002016-01-04T08:53:48.598+08:00Hi Mao Mao,
Thanks for the suggestion. ;)
The ma...Hi Mao Mao,<br /><br />Thanks for the suggestion. ;)<br /><br />The magic of compounding needs time to work but give it a bigger base in the early years and it gets even more magical. That was my idea when I pushed all my OA savings to my SA in the first 4 years of my working life. <br /><br />This is the result. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9109838033661791952016-01-04T08:52:13.225+08:002016-01-04T08:52:13.225+08:00Hi Komatineni,
Definitely very nice to be rewarde...Hi Komatineni,<br /><br />Definitely very nice to be rewarded when we help the government to help ourselves. Of course, it is a great way to start the new year. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48316189611029981112016-01-04T00:17:34.560+08:002016-01-04T00:17:34.560+08:00Hi AK. Thanks for writing an update. The interest ...Hi AK. Thanks for writing an update. The interest amount is truly amazing once the base is fat enough.Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76957272397889122082016-01-03T19:36:15.132+08:002016-01-03T19:36:15.132+08:00Indeed a good day. Many of us received free bonus ...Indeed a good day. Many of us received free bonus as new year gift. TWF - The Why Factoryhttps://www.blogger.com/profile/02705370674154818374noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82520910538331111712016-01-03T19:03:53.343+08:002016-01-03T19:03:53.343+08:00Hi Siew Mun,
Congratulations! :)
Just a mention....Hi Siew Mun,<br /><br />Congratulations! :)<br /><br />Just a mention. $1,893.57 is transferred from your MA to your OA. SA has no ceiling when it comes to "natural growth". ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47433096407470195692016-01-03T17:02:12.087+08:002016-01-03T17:02:12.087+08:00Well done AK, yes today is a happy day for me. I e...Well done AK, yes today is a happy day for me. I earned $6434.50 interest from my SA, $1893.57 from MA and $637.16 from my OA with a total of $8,965.23. Good turns. $1893.57 will be transferred to my OA as I have maxed out SA and MA. Siew Munhttps://www.blogger.com/profile/11468092627549905017noreply@blogger.com