tag:blogger.com,1999:blog-7944902213075756335.post1103404819519760442..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): National Day Rally 2014: Retirement (funding) adequacy.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger42125tag:blogger.com,1999:blog-7944902213075756335.post-10298122806870834902018-06-25T10:15:06.240+08:002018-06-25T10:15:06.240+08:00There are many ways in which seniors could monetis...There are many ways in which seniors could monetise their flats:<br /><br />1. Rent out a room.<br /><br />2. Rent out the entire flat and stay with their children.<br /><br />3. Downsize or rightsize to a smaller flat which will pay them a Silver Housing bonus as well.<br /><br />4. Do a lease buyback with HDB.<br /><br />The PM reminded us that the CPF is there primarily to help members achieveAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18024850776930905832017-09-01T23:45:49.631+08:002017-09-01T23:45:49.631+08:00Wawa Sun:
really got MRT to JB? Can anyone provid...Wawa Sun: <br />really got MRT to JB? Can anyone provide a link here?<br /><br />AK:<br /><a href="https://www.mfa.gov.sg/content/mfa/media_centre/singapore_headlines/2016/201612/headlines_20161214_2.html" rel="nofollow">Singapore-JB MRT to be linked by high bridge.</a><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46557249905155770312017-08-31T12:49:18.074+08:002017-08-31T12:49:18.074+08:00Reader:
I find NDR 2014 to be a good and clear pre...Reader:<br />I find NDR 2014 to be a good and clear presentation for people to think about their retirement. You may like to share on your blog/ FB.<br /><br />AK:<br />I blogged about it 3 years ago already. 😉<br /><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55901439014035048652014-08-20T08:09:18.332+08:002014-08-20T08:09:18.332+08:00Hi Casey,
I agree that banking on our homes as th...Hi Casey,<br /><br />I agree that banking on our homes as the main asset to fund our retirement is not ideal. As mentioned before, this option has its own set of risks. We should have other options. <a href="http://singaporeanstocksinvestor.blogspot.sg/2014/07/ips-forum-on-cpf-housing-and-cpf_23.html" rel="nofollow">Housing and the CPF.</a><br /><br />As for investing in income generating assets,AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87412128682842238602014-08-20T00:27:42.578+08:002014-08-20T00:27:42.578+08:00Hi Ak,
Looking at how the lower tier group strugg...Hi Ak,<br /><br />Looking at how the lower tier group struggle, I guess we should look into lowering the income generating asset investment entry qualification, the easier way is through a structural scheme. Asking an individual to invest in property or income generating share? even if one ignores the 'entry fee', is the trivial majority could make it to a desirable return? It is the Caseyhttps://www.blogger.com/profile/00669760759873565393noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16611484105151263052014-08-19T23:54:29.585+08:002014-08-19T23:54:29.585+08:00Hi Casey,
If we exclude the cost of accommodation...Hi Casey,<br /><br />If we exclude the cost of accommodation and private road transport, we will be looking at inflation that affects everyone's daily life which is more representative, the core inflation. This figure isn't so monstrous and is generally under 3% per annum.<br /><br />So, what the CPF pays for our savings in the SA (from 4 to 5% per annum) is more than sufficient to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44082657073113951102014-08-19T23:09:48.057+08:002014-08-19T23:09:48.057+08:00Hi Ak,
If CPF is talking about retirement, shoul...Hi Ak, <br /><br />If CPF is talking about retirement, should it be benchmarked against the domestic living cost or the essential inflation? The domestic inflation is in many ways driven by domestic property price and external energy/material price. The MAS is doing a good job to shield Singapore from external shock by regulating the monetary policy and gradually strengthen the SGD currency Caseyhttps://www.blogger.com/profile/00669760759873565393noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63526067031839190932014-08-18T23:58:32.265+08:002014-08-18T23:58:32.265+08:00Hi amoose,
Thanks for spreading the message and l...Hi amoose,<br /><br />Thanks for spreading the message and love. ;p<br /><br />I just shared with a fellow blogger recently that we need to be the voices of reason. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14096172691330604252014-08-18T23:25:40.425+08:002014-08-18T23:25:40.425+08:00Hi Ak,
I just shared your blog post.
I think tha...Hi Ak,<br /><br />I just shared your blog post.<br /><br />I think that no matter what measures/policy is announced, haters' gonna hate.<br /><br />Thought I should balance some of the negativity I see, with some love from AK. :)amoosehttps://www.blogger.com/profile/04760971955152848845noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83160786916176086202014-08-18T22:22:27.573+08:002014-08-18T22:22:27.573+08:00Mr Lee had said the CPF scheme would be changed to...<i>Mr Lee had said the CPF scheme would be changed to allow members over the age of 65 to make lump-sum withdrawals from their CPF savings. However, he added that the amount cannot be excessive and could perhaps be capped at up to 20 per cent of total savings.<br /><br />Economists said that unlocking the cash from CPF savings could benefit the economy. But they noted that making such withdrawalsAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59169101782846422392014-08-18T22:05:09.957+08:002014-08-18T22:05:09.957+08:00Hi Capricon,
Don't have to worry about the cu...Hi Capricon,<br /><br />Don't have to worry about the current MS not being adequate for a comfortable retirement. It is definitely inadequate. We only worry about the unknown; if something is known, no point worrying, right? ;p<br /><br />Now, we know we have to take action to plug whatever shortfall we might have in terms of retirement funding. :)<br /><br />At the IPS Forum on CPF, there AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68743756643973300352014-08-18T21:38:48.113+08:002014-08-18T21:38:48.113+08:00Hi Lizardo,
At age 55, I think our RA is created ...Hi Lizardo,<br /><br />At age 55, I think our RA is created by using money in our SA first. If the SA's money is insufficient to meet the minimum sum, then, money in the OA will be drawn upon.<br /><br />If we should have much more money in our SA than is required by the minimum sum, the OA is untouched. The excess funds in the SA should stay in the SA then. <br /><br />The SA would still AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6752003905784178112014-08-18T21:14:14.447+08:002014-08-18T21:14:14.447+08:00BTW, past age 55, the surplus above the minimum su...BTW, past age 55, the surplus above the minimum sum gets transferred over to the OA account.Lizardohttps://www.blogger.com/profile/14051784505115265030noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55274066632653010302014-08-18T17:25:29.344+08:002014-08-18T17:25:29.344+08:00:o(
I hope the MOM news on cpf will be exciting.:o(<br /><br />I hope the MOM news on cpf will be exciting.Rebelhttps://www.blogger.com/profile/13699200497110968796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31028859322743419872014-08-18T16:25:55.858+08:002014-08-18T16:25:55.858+08:00Yes AK,
we can only play to gain as much as we can...Yes AK,<br />we can only play to gain as much as we can... according to the rules... <br />Sigh.... Anonymoushttps://www.blogger.com/profile/14552933742864211598noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32293241282063091762014-08-18T16:07:40.472+08:002014-08-18T16:07:40.472+08:00Hi Julian,
I know what you mean but we can only p...Hi Julian,<br /><br />I know what you mean but we can only play the game. We don't make the rules. Just play the game well. That is all we can do. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1732756985126604782014-08-18T15:45:32.510+08:002014-08-18T15:45:32.510+08:00AK,
"Well, we can still do VC to our CPF but ...AK,<br />"Well, we can still do VC to our CPF but the money will be divided amongst our OA, SA and MA. If MA has hit limit, then, just the OA and SA."<br />it is not the same, I want my additional 1.5%....<br />sob sob....<br />Anonymoushttps://www.blogger.com/profile/14552933742864211598noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11723022461665659652014-08-18T15:43:47.003+08:002014-08-18T15:43:47.003+08:00Hi AK,
it is a 'good' problem to have for ...Hi AK,<br />it is a 'good' problem to have for you because you are older than me (sorry, no offense).<br />as long as I am working and paying taxes. I will reach a stage where my MS will be hit this stagnant MS and my MS will be stagnant due to these idiots complaining (causing PM to make this move)...<br />Arghh.... there goes my 4% of risk free SA interest down the drain (If I am no Anonymoushttps://www.blogger.com/profile/14552933742864211598noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26731888378138918602014-08-18T15:12:24.433+08:002014-08-18T15:12:24.433+08:00Hi JK,
I can only hope that we are the rational o...Hi JK,<br /><br />I can only hope that we are the rational ones and the rest are paranoid. Time will tell. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56728471082572750132014-08-18T15:04:55.170+08:002014-08-18T15:04:55.170+08:00Strange , I see a different group of people here w...Strange , I see a different group of people here who wants to contribute more to CPF and yet "outside noise" keep saying return my CPF money and yet people here love to put more money into CPF , you guys get what I mean ? 奇怪!JK Holdingshttps://www.blogger.com/profile/15986426048555889659noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38442062769560793112014-08-18T15:04:34.766+08:002014-08-18T15:04:34.766+08:00Hi Julian,
Well, you said it is a good problem to...Hi Julian,<br /><br />Well, you said it is a good problem to have on my FB wall, didn't you? LOL.<br /><br />Since savings in my SA hit the minimum sum years ago, I have not been able to do any VC to my SA (with tax relief). sigh...<br /><br />Of course, the interest I earn on my SA money, year after year, is typically able to meet the increases in the minimum sum without me doing anything AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85058849272675189352014-08-18T14:47:59.430+08:002014-08-18T14:47:59.430+08:00Hi AK,
correct me if I am wrong.
If next year MS ...Hi AK,<br />correct me if I am wrong. <br />If next year MS is 161k, and govt will not increase further unless there is a pressing need to. Doesn't this mean that once you hit 161K, you will not be able to do a VC into your SA? you can only rely on your monthly contributions into your SA.<br />this is not good news for me... Arghhh....Anonymoushttps://www.blogger.com/profile/14552933742864211598noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21076008063374540992014-08-18T13:51:41.863+08:002014-08-18T13:51:41.863+08:00Hi Julian,
Kamsiah you. ;p
Yes, good things, mus...Hi Julian,<br /><br />Kamsiah you. ;p<br /><br />Yes, good things, must share, especially if it doesn't cost us anything to do so. :DAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57315909047805123172014-08-18T13:01:10.141+08:002014-08-18T13:01:10.141+08:00Hi Ak,
I thought you will never ask...
just shared...Hi Ak,<br />I thought you will never ask...<br />just shared... lol... <br />advertising for you is not my money so, I really don't care.<br />but if good govt schemes, investment and financial advise will be able to benefit more Singaporeans. Why not?<br /><br />Anonymoushttps://www.blogger.com/profile/14552933742864211598noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18632686783724681412014-08-18T12:03:40.309+08:002014-08-18T12:03:40.309+08:00Hi Merlin,
There is a ceiling for voluntary contr...Hi Merlin,<br /><br />There is a ceiling for voluntary contributions (VC) to the CPF-SA (with tax relief) and OA transfers to SA. Once our CPF-SA hits the prevailing MS, no such VC or transfers will be allowed.<br /><br />However, if we are still receiving an income from work, the monthly CPF contributions will still have a portion going to our SA even if we have hit the prevailing MS. It will beAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com