tag:blogger.com,1999:blog-7944902213075756335.post1416832393694350283..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Retirement money made to last longer without risk.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7944902213075756335.post-54686087699858614892018-01-24T14:30:08.608+08:002018-01-24T14:30:08.608+08:00Hi GK,
The RA is not a high yield savings account...Hi GK,<br /><br />The RA is not a high yield savings account. <br /><br />The function of the RA is to lock up some of our CPF money in order to pay us a monthly income latest from the age of 70.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31153288560439553972018-01-24T14:27:33.434+08:002018-01-24T14:27:33.434+08:00Hi Simp,
I am not sure it works that way with the...Hi Simp,<br /><br />I am not sure it works that way with the CPF-RA.<br /><br />Once in the RA, the money stays there and we can only be paid a monthly income determined by the CPFB, drawing down the money in the account over time.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10235333647982617552018-01-24T11:23:31.885+08:002018-01-24T11:23:31.885+08:00Hi AK,
Can you elaborate more on parking funds in...Hi AK,<br /><br />Can you elaborate more on parking funds in RA for someone who is retired? Can the person withdraw funds any time, essentially making the RA a high yield savings account?konmmohttps://www.blogger.com/profile/16405759192325668059noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89723164250102746852018-01-24T11:22:09.740+08:002018-01-24T11:22:09.740+08:00Hi AK,
Can you please elaborate more on parking f...Hi AK,<br /><br />Can you please elaborate more on parking funds in RA? Does it mean the person is able to withdraw her funds anytime they need it, essentially making it a high yield savings account?konmmohttps://www.blogger.com/profile/16405759192325668059noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42470333925489949452018-01-24T06:47:12.569+08:002018-01-24T06:47:12.569+08:00If she is 71 year and under minimum sum scheme, sh...If she is 71 year and under minimum sum scheme, she should put all her retirement money in CPF RA.. It will generate > 9k interest pa based on the 200K and she can withdraw the interest every month. Simphttps://www.blogger.com/profile/06263409324692960961noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79110306960778725742018-01-23T16:11:14.378+08:002018-01-23T16:11:14.378+08:00Jimmy Ng says...
curious. If the mom can park the ...Jimmy Ng says...<br />curious. If the mom can park the funds in RA, does it mean immediate membership with CPFLife and a payout base on age and the lump sum parked in there ?<br /><br /><br />Ronnie Wan says... <br />All above 65 can still opt in to CPF LIFE even if U are on RSS. The annuity will be immediate & not deferred. Can chk with CPF.<br /><br /><br />AK says...<br />As long as they AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com