tag:blogger.com,1999:blog-7944902213075756335.post3746129833072534682..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Tea with EY: Is our CPF LIFE payout going to be sufficient?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7944902213075756335.post-23966591075774621812015-06-02T11:23:57.192+08:002015-06-02T11:23:57.192+08:00Hi SMOL,
I had a classmate who became a father ...Hi SMOL, <br /><br />I had a classmate who became a father at age 20. He is 44 and his son is now 24 years old. Nightmare? ;p<br /><br />This could be another can of worms. I better not say anything else. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52299476836775572062015-06-01T19:30:40.145+08:002015-06-01T19:30:40.145+08:00AK,
You found me out!
Hee hee. Was trolling you...AK,<br /><br />You found me out!<br /><br />Hee hee. Was trolling you...<br /><br /><br />I better stick with being as clear as mud ;)<br /><br />Don't bully I single with no children OK?<br /><br />In another alternative universe, if I married at 30 and have my first child at 32, I now would have a 16 year old teenager!!!<br /><br />Wait... I better stop. I giving myself nightmares!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52925502261222752192015-06-01T10:03:06.327+08:002015-06-01T10:03:06.327+08:00I would tend to think of CPF Life payouts as the &...I would tend to think of CPF Life payouts as the 'last line of defence', with passive/active as the first few tiers. KChttps://www.blogger.com/profile/15681244843883578276noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83962569782975534532015-05-31T10:41:06.386+08:002015-05-31T10:41:06.386+08:00Prepare to eat grass with CPF payout. For sure!Prepare to eat grass with CPF payout. For sure!apex property investmenthttps://www.blogger.com/profile/10212043999663021172noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66385075105096095102015-05-31T09:16:02.244+08:002015-05-31T09:16:02.244+08:00Hi Ray,
Well said. I think EY was thinking of peo...Hi Ray,<br /><br />Well said. I think EY was thinking of people who are thinking of depending on only their CPF money as retirement income. I am sure we know of such people too. -.-"<br /><br />It gets worrisome when we realise they are not in the minority if we see how it is one source of great unhappiness amongst Singaporeans who say "money not enough". :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7554833096864579762015-05-31T09:12:15.691+08:002015-05-31T09:12:15.691+08:00Hi SMOL,
Alamak. Giving parenting advice now har?...Hi SMOL,<br /><br />Alamak. Giving parenting advice now har? OK, I leave that job to you. I don't want later some people say AK no children give simi advice on how to be parents. Cham... -.-"<br /><br />I can always depend on you to be cryptic but to be crystal? That takes some imagination. Or do you mean a dark crystal? ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23181738251775271752015-05-31T08:44:27.492+08:002015-05-31T08:44:27.492+08:00
Tea with EY: Is our CPF LIFE payout going to be s...<br />Tea with EY: Is our CPF LIFE payout going to be sufficient?<br /><br />In the first place... CPFLife never be sufficient for retirement planning. <br /><br />CPFLife is the 1st line of defend (perpetual income) which provide min income to sustain a basic life style.<br /><br />If one needs better lifesyle, then he/she needs to supplement with other passive income via equity; real estate RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54838543880103663342015-05-30T23:00:36.843+08:002015-05-30T23:00:36.843+08:00AK,
a) It's a sugar-coated poke to married co...AK,<br /><br />a) It's a sugar-coated poke to married couples with children - all the money in the world means little if their children did not turn out alright. Somethings are more important than money ;)<br /><br /><br />b) Precision of language my friend. Judging by the level of sophistication the questions you get, just doing my national service bit to make it crystal ;)<br /><br />Call Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18013006613248975522015-05-30T20:02:44.568+08:002015-05-30T20:02:44.568+08:00Hi DC,
This is why a good H&S is a must. If w...Hi DC,<br /><br />This is why a good H&S is a must. If we can afford it, get some critical illness (CI) coverage too. I have both H&S and CI policies. Otherwise, we would have to join the ranks of Singaporeans who say that "in Singapore, we can die but cannot fall sick". -.-"<br /><br />If we are financially prudent and continue to invest for income, saving this extra AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73642636447808943292015-05-30T19:58:04.770+08:002015-05-30T19:58:04.770+08:00Hi SMOL,
No. 5 is speculative. I wouldn't inc...Hi SMOL,<br /><br />No. 5 is speculative. I wouldn't include that even if I had children. -.-"<br /><br />When I penned no. 4, I was thinking of CPF Life. What you thought I was thinking about? Insurance agents no need business from me lah. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17310599885948459042015-05-30T14:02:57.364+08:002015-05-30T14:02:57.364+08:00Hi AK71
3 percent inflation per annum is a sad fa...Hi AK71<br /><br />3 percent inflation per annum is a sad fact of life. We can't avoid the inflation on food prices and necessities. <br /><br />The CPF life payout only starts paying out at age 65. It is only rewarding if one lives a long age. But don't forget illnesses come creeping when one ages. It can wipe out your entire savings with a major surgery or expensive sessions of Anonymoushttps://www.blogger.com/profile/17168480434294252442noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35350230874093015762015-05-30T11:48:39.243+08:002015-05-30T11:48:39.243+08:00AK,
Typical of single folks like you (and me) to ...AK,<br /><br />Typical of single folks like you (and me) to leave out this source of income during our retirement:<br /><br />5. Pocket allowances from grown-up children who have turned out alright ;) <br /><br /><br />CPF Life is an annuity of sorts; so no need to buy a private one. In fact, I would be surprised if anyone who can find a private annuity plan that can beat CPF Life ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30782547723979231662015-05-30T10:47:41.843+08:002015-05-30T10:47:41.843+08:00Hi Hosaybo,
The idea that investing in real estat...Hi Hosaybo,<br /><br />The idea that investing in real estate in Singapore is safe is quite entrenched. I am not sure how things will pan out in future, of course. This is especially with the high speed rail and MRT link up with Malaysia a reality in another few years.<br /><br />My own approach is to have real estate investment as a part of our portfolio but if we are too heavy in it, it could AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40076711236837571872015-05-30T10:17:42.909+08:002015-05-30T10:17:42.909+08:00This is one of the reason why people are in proper...This is one of the reason why people are in property with the thinking that by investing in one additional property and finish paying by retirement, the rental will be their source of income. Going by the idea that rental should be inflation adjusted, one should get a decent monthly payout. Any opinion on this?Hosaybohttps://www.blogger.com/profile/02423139443588510474noreply@blogger.com