tag:blogger.com,1999:blog-7944902213075756335.post7982820954704712020..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Voluntary contribution to CPF MA in 2020.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-7944902213075756335.post-18728022450090743012020-01-04T15:34:44.404+08:002020-01-04T15:34:44.404+08:00Hi foolish chameleon,
Our MA cannot have more tha...Hi foolish chameleon,<br /><br />Our MA cannot have more than the 2019 BHS at the start of 2020.<br /><br />Anything above the 2019 BHS will be transferred to the SA or the OA (if the SA is at or has exceeded the prevailing FRS).<br /><br />The story for the CPF-SA is different.<br /><br />Read this blog for a refresher:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2018/08/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21963122069620460112020-01-04T13:58:34.707+08:002020-01-04T13:58:34.707+08:00thanks AK.
coz i was abit confused. not sure whic...thanks AK. <br />coz i was abit confused. not sure which account, SA or MA, doesnt take into account the interest accumulation. only the capital ? <br />or, did i remember wronglyfoolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19274229017336664122020-01-04T13:03:52.746+08:002020-01-04T13:03:52.746+08:00Hi foolish chameleon,
Refer to the first few para...Hi foolish chameleon,<br /><br />Refer to the first few paragraphs of this blog.<br /><br />So, at the start of the 2020, the max we can have in our CPF-MA is 2019's BHS which was $57,200.<br /><br />If we have less than $57,200 in our CPF-MA at the start of 2020, yes, we would be able to do a voluntary contribution of more than $2,800 to our CPF-MA right away. <br /><br />Chop chop! ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37674341098054499982020-01-04T12:41:09.464+08:002020-01-04T12:41:09.464+08:00is the interest earned from 2019 , count as accumu...is the interest earned from 2019 , count as accumulation to the MA BHS 60k? <br />assuming the 2019 BHS not yet attained. <br />so 60k - 2019 MA balance - 2019 MA interest earned = max contribution for 2020 BHSfoolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34072595896655046362019-12-24T08:37:57.928+08:002019-12-24T08:37:57.928+08:00Hi Ben,
Sounds like a plan to me. ;)
As for earl...Hi Ben,<br /><br />Sounds like a plan to me. ;)<br /><br />As for early retirement, to avoid feeling bored, it is important to have a plan. ;p<br /><br />I am never bored. :)<br /><br />See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2016/09/thoughts-on-preparing-for-early.html" rel="nofollow">Never bored! Thoughts on preparing for early retirement.</a><br /><br /><i>"I AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10620566014313227562019-12-23T21:25:34.382+08:002019-12-23T21:25:34.382+08:00Hi AK 71,
I will make a contribution to make it t...Hi AK 71,<br /><br />I will make a contribution to make it the maximum ceiling allowable on 1 Jan 2020. Being unemployed since May 2019 means I will be able to make the full allowable contribution amount of $37,740 for the year of 2020. This is with the assumption that I remain unemployed for 2020. I do not know whether I will be back to full-time employment though I still prefer the life of WTKhttps://www.blogger.com/profile/03901369385680805317noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39236469362781971142019-12-19T08:06:22.634+08:002019-12-19T08:06:22.634+08:00Hi SnOOpy168,
A million dollars in CPF savings is...Hi SnOOpy168,<br /><br />A million dollars in CPF savings is not a must have for everyone.<br /><br />It probably isn't a must have for someone with a very simple lifestyle. <br /><br />It probably isn't a must have for someone with adequate passive income.<br /><br />So, how much the CPF figures in our retirement funding adequacy will vary from person to person.<br /><br />Yes, you are AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65322289882699151792019-12-18T23:25:10.384+08:002019-12-18T23:25:10.384+08:00AK
Ditto Ditto.
Humbly grateful .
The other pos...AK<br /><br /><b>Ditto Ditto. <br />Humbly grateful .</b><br /><br />The other post where the few are talking $m in CPF... <br /><br />It will be an uphill for me to go past into 7 figures $ territory. Not many years left before 55 . <br /><br />Grateful that t i have <br />a fully paid roof over my head, <br />no OA housing debts <br />and the dividends that are heavily reinvested.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59468336838345765062019-12-17T22:30:44.550+08:002019-12-17T22:30:44.550+08:00Hi SnOOpy168,
Gong xi, gong xi. :D
Also, kamsiah...Hi SnOOpy168,<br /><br />Gong xi, gong xi. :D<br /><br />Also, kamsiah you plenty plenty. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18411783230726614242019-12-17T19:04:44.159+08:002019-12-17T19:04:44.159+08:00Just saw the dividends from First REIT.
More tha...Just saw the dividends from First REIT. <br /><br />More than sufficient to top up to maximize the 2020 BHS requirement. <br /><br />Aim to start my 55th birthday with >ERS for the RA.<br /><br />Will update the spreadsheet after the FY2019 interest are credited in 1st week of Jan 2020.<br /><br />BTW, Happy Birthday AK. :-)SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35620548765360044782019-12-02T15:34:06.624+08:002019-12-02T15:34:06.624+08:00Hi SnOOpy168,
Bring me to water and I drink.
I a...Hi SnOOpy168,<br /><br />Bring me to water and I drink.<br /><br />I am a grateful horse. ;p<br /><br />I don't know if you missed this blog too:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2019/11/a-river-called-cpf-and-stubborn-horses.html" rel="nofollow">A river called CPF and the stubborn horses.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55902271080009695582019-12-02T11:38:42.266+08:002019-12-02T11:38:42.266+08:00paisei. didn't realise that this was started. ...paisei. didn't realise that this was started. <br /><br /><i>My strategy as a low income person, who have reached BHS & almost-FRS<br /><br />1. Top up $2800 to max out the BHS on 1st week of Jan 2020. Earn 4% to the max asap.<br /><br />2. Assuming that i still have the $4200 cash on hand , from the usual $7k top up fund, I will make a contribution to all 3 account. <br /><br />This way,SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37205939948571574832019-11-20T17:38:10.050+08:002019-11-20T17:38:10.050+08:00Hi keng,
You are welcome. ;)
I hope you are not ...Hi keng,<br /><br />You are welcome. ;)<br /><br />I hope you are not lazy like me.<br /><br />Maybe, you just have a lazy eye. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8918300401098328822019-11-20T17:36:00.632+08:002019-11-20T17:36:00.632+08:00Hi konmmo,
I don't like to think that anyone ...Hi konmmo,<br /><br />I don't like to think that anyone starting a few years later is late, just starting later. ;p<br /><br />The SA will continue to grow even after it has hit the FRS through interest earned, of course.<br /><br />However, the SA can also grow through mandatory contributions (through employment) or voluntary contributions (like what I do now).<br /><br />You might want to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79457194642771710552019-11-20T17:16:02.825+08:002019-11-20T17:16:02.825+08:00Oops, I wonder how I missed that :P
Thank you.Oops, I wonder how I missed that :P<br />Thank you.kenghttps://www.blogger.com/profile/17458647391869117820noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5895312854112075492019-11-20T15:07:32.150+08:002019-11-20T15:07:32.150+08:00Hi AK its good that you've been taking breaks ...Hi AK its good that you've been taking breaks off gaming. Its good to have a balance and good for us readers too!<br /><br />Thanks to your occasional posts on CPF (and through clicking on past blog links), I started VC to my SA a few years back. I'm relatively late to the game, but better late than never.<br /><br />And every time you blog on CPF I still seem to learn something new.<br /konmmohttps://www.blogger.com/profile/16405759192325668059noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19219199438257996332019-11-20T15:06:07.377+08:002019-11-20T15:06:07.377+08:00Hi keng,
Alamak.
I think my laziness is contagio...Hi keng,<br /><br />Alamak.<br /><br />I think my laziness is contagious.<br /><br />The answer is in this blog and right in the early paragraphs too.<br /><br />Go read again. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14260287217028198262019-11-20T15:03:53.273+08:002019-11-20T15:03:53.273+08:00Hi AK,
If I have reached $57,200 BHS for 2019, w...Hi AK, <br /><br />If I have reached $57,200 BHS for 2019, what happens to the interest earned for 2019? Does it go to my SA or stays in MA?<br />Thanks!kenghttps://www.blogger.com/profile/17458647391869117820noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9421108557270366342019-11-20T12:10:30.674+08:002019-11-20T12:10:30.674+08:00Hi peanuts622,
The rider is optional, of course.
...Hi peanuts622,<br /><br />The rider is optional, of course.<br /><br />We have a choice not to have it. ;)<br /><br />Even so, the interest earned by my CPF MA exceeds the premium of my H&S insurance by quite a bit.<br /><br />The excess is more than enough to cover the cost of the optional rider.<br /><br />So, for me, even the optional rider is free. ;)<br /><br />It is how we account for AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84786563943247604632019-11-20T11:49:01.208+08:002019-11-20T11:49:01.208+08:00Dear AK
May I clarify your liner 'I choose to ...Dear AK<br />May I clarify your liner 'I choose to save more and, in this case, to have free H&S insurance too' pls? Correct me if I am wrong - How would it be free when one has to cash top up for the rider portion in the H&S insurance?peanuts622https://www.blogger.com/profile/16098378527810693901noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27082060647910138402019-11-19T20:45:32.812+08:002019-11-19T20:45:32.812+08:00Hi Yu,
Better enjoy this spurt of prolific writin...Hi Yu,<br /><br />Better enjoy this spurt of prolific writing while it lasts. ;)<br /><br />Will be drying up very soon. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39316891504962510182019-11-19T19:33:51.121+08:002019-11-19T19:33:51.121+08:00looks like ak shifu got bored with neverwinter xD ...looks like ak shifu got bored with neverwinter xD <br />so productive in self talk :DYuhttps://www.blogger.com/profile/05971937506368648694noreply@blogger.com