tag:blogger.com,1999:blog-7944902213075756335.post2289252901884743205..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): A river called CPF and the stubborn horses.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-48227636870903120002019-11-07T16:39:20.520+08:002019-11-07T16:39:20.520+08:00Hi Art Collector in SG,
Sounds viable to me. :)
...Hi Art Collector in SG,<br /><br />Sounds viable to me. :)<br /><br />As long as your SA has yet to hit the prevailing FRS, you can do top ups to it and also enjoy tax relief. :)<br /><br />See:<br /><a href="http://singaporeanstocksinvestor.blogspot.com/2017/04/know-how-to-grow-our-cpf-savings.html" rel="nofollow">How to grow our CPF savings?</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46002692721463891232019-11-07T15:47:45.398+08:002019-11-07T15:47:45.398+08:00Hi AK, can I ask your opinion?
I'm quite sure ...Hi AK, can I ask your opinion?<br />I'm quite sure I'll meet FRS at 55, so I plan to use CPF SA as a 4% no risk saving plan for my children. I top up cash every year and withdraw them when I'm 55. Do you think it's workable plan? Thanks.Art Collector in SGhttps://www.blogger.com/profile/18119731271503572401noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44136884757537810202019-11-06T17:24:24.699+08:002019-11-06T17:24:24.699+08:00Hi TangoXray,
Unfortunately, FB doesn't like ...Hi TangoXray,<br /><br />Unfortunately, FB doesn't like AK anymore for whatever reason. :_(<br /><br />See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2019/03/financially-free-and-facebook-free.html" rel="nofollow">Financially free and Facebook free.</a><br /><br />and point #3 in:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2019/06/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30314755389059491272019-11-06T14:39:39.752+08:002019-11-06T14:39:39.752+08:00Sad that you don't reply to FB msg anymore. We...Sad that you don't reply to FB msg anymore. We used to chat on CPF if you still remembered and you shared with me about CPF limit and CPF will refund us without interest if we top up too much.<br /><br />Fast forward 3 years, I have been transferring my OA to SA since Sep 2019 and had VC to SA for the past 3 years (21k in total), Jan 2020 will be my last VC 7k top up to SA as I will be TangoXrayhttps://www.blogger.com/profile/03651856517195944230noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50803442243272726252019-11-05T13:36:41.779+08:002019-11-05T13:36:41.779+08:00Hi GMWAS,
I am glad you like the blog. :)
Which ...Hi GMWAS,<br /><br />I am glad you like the blog. :)<br /><br />Which CPF account to top up first depends on what you want to achieve.<br /><br />Think carefully because the OA to SA transfer is irreversible.<br /><br />As for children and their CDAC accounts, again, it depends on what you want to achieve.<br /><br />Once you know what you want to achieve, you will know what to do. ;)<br /><br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28655772298957644102019-11-05T11:09:10.038+08:002019-11-05T11:09:10.038+08:00Hi Ak, this is very useful. It's very hard to ...Hi Ak, this is very useful. It's very hard to decide whether I should (i) top up OA, (ii) transfer OA to SA since I do not get any tax benefits. I have started to use limited CPF to pay my house so my OA is growing but still in doubts. <br /><br />I have children and I dunno if I should try to max out their CDAC account. Like CPF, it seems useful but confusing since there are locks in periodsgagmewithaspoonhttps://www.blogger.com/profile/12108225800257809452noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69509718516950197482019-11-05T09:40:24.610+08:002019-11-05T09:40:24.610+08:00Hi Siew Mun,
Hey, good to hear from you again.
I...Hi Siew Mun,<br /><br />Hey, good to hear from you again.<br /><br />I know it is not as convenient as commenting in FB.<br /><br />So, thank you for taking the time to comment here. :)<br /><br />I am glad my blog has been helpful but the crucial ingredient was your strong determination.<br /><br />That made all the difference. :)<br /><br />Just talking to myself here and what readers do is up AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57272094749319829152019-11-04T14:22:25.069+08:002019-11-04T14:22:25.069+08:00You aret only person who helped me rose from the a...You aret only person who helped me rose from the ashes of financial ruin after my father passed away 5 years ago. This blog post is a gem.Siew Munhttps://www.blogger.com/profile/11468092627549905017noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58515400046648771742019-11-04T13:55:37.138+08:002019-11-04T13:55:37.138+08:00Hi Invest SG,
I remember CPFB explaining this som...Hi Invest SG,<br /><br />I remember CPFB explaining this some time ago but I cannot remember exactly when or where now.<br /><br />Growing old and forgetful, unfortunately. <br /><br />Very cham like this. :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67922389813993552362019-11-04T11:12:27.519+08:002019-11-04T11:12:27.519+08:00Hi AK,
You said "If we only withdraw the int...Hi AK,<br /><br />You said "If we only withdraw the interest earned in our SA and OA every year, it would be another source of perpetual passive income" - haha happy with this strategy:)<br /><br />Do you know where we can find the CPF withdrawal rules/deduction sequence? Just to be sure.. i kiasu one ;)<br /><br />Thank you hor.Invest Sghttps://www.blogger.com/profile/08190446446852309354noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37977182322972174062019-11-04T09:24:23.811+08:002019-11-04T09:24:23.811+08:00To: (You know who you are),
Thank you for the sec...To: (You know who you are),<br /><br />Thank you for the secret message.<br /><br />Hope you see this reply as there is no other way for me to respond to you.<br /><br />Didn't know what was "Telegram". <br /><br />Had to Google it. ;p<br /><br />I don't even have "WhatsApp". >.<<br /><br />I am too lazy to join any chat groups. :pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51745679562000724122019-11-04T09:17:00.810+08:002019-11-04T09:17:00.810+08:00Hi Luanda,
That would surely make things more con...Hi Luanda,<br /><br />That would surely make things more convenient for me. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67679193697656546082019-11-03T21:49:59.743+08:002019-11-03T21:49:59.743+08:00Rather than making this difficult, it would be bet...Rather than making this difficult, it would be better if the government provides the option where the RA funding should be sourced from (e.g. OA or SA).Luandahttps://www.blogger.com/profile/05187949952761886787noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10142091376793311122019-11-02T17:47:21.256+08:002019-11-02T17:47:21.256+08:00Hi Invest Sg,
Good to hear that the strategy work...Hi Invest Sg,<br /><br />Good to hear that the strategy worked for you too.<br /><br />Crossing fingers that things don't change 7 years later when I turn 55.<br /><br />As for the withdrawal of excess funds from our CPF when we turn 55, what you shared is correct.<br /><br />If we only withdraw the interest earned in our SA and OA every year, it would be another source of perpetual passive AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-125834831193879502019-11-02T15:52:27.944+08:002019-11-02T15:52:27.944+08:00the SA "Hack" worked well and smooth for...the SA "Hack" worked well and smooth for me too earlier this year :)<br /><br />I do have a question - read the following CPF withdrawal rules from another blog but i am unable to verify if from the CPFB website. Is AK or anyone here know if this is true? Would be good to know to "strategize" CPF withdrawal in the future when needed. Thanks<br /><br />"Please note that Invest Sghttps://www.blogger.com/profile/08190446446852309354noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68233411679224045092019-11-02T10:23:08.536+08:002019-11-02T10:23:08.536+08:00Hi FIREworks,
Hitting the FRS at 36 is a good mov...Hi FIREworks,<br /><br />Hitting the FRS at 36 is a good move and also a great achievement. <br /><br />So, good on you. :D<br /><br />It is then most likely that you would not have to worry about the FRS increasing in future or what some misguided people call "moving the goalposts".<br /><br />See:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2018/08/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57569440751268390512019-11-01T23:51:10.007+08:002019-11-01T23:51:10.007+08:00Hi AK,
Your blog posts have always been very ins...Hi AK, <br /><br />Your blog posts have always been very inspiring!<br />I hope I'm able to reach FRS in my SA in 2 yrs time when I reached 36, I've been paying my mortgage using cash and previously have also transferred part of my OA to SA. <br /><br />Seeking your "talk to yourself" expertise, do you think we should top up our MA with cash to max it out, or top up SRS for tax FIREworkshttps://www.blogger.com/profile/05589665287864978407noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61529267362210188332019-11-01T18:34:58.208+08:002019-11-01T18:34:58.208+08:00Hi Unknown,
Yes, I remember. :)
Incidentally, so...Hi Unknown,<br /><br />Yes, I remember. :)<br /><br />Incidentally, someone I know who turned 55 did the same thing and told me about it.<br /><br />I wonder if things might change by the time I turn 55.<br /><br />Well, I will find out 7 years from now. ;)<br /><br />In case some readers are wondering about this, here is the blog in ASSI on the matter:<br /><a href="https://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85514559221731737602019-11-01T18:11:20.425+08:002019-11-01T18:11:20.425+08:00Hi AK,
I agree with you on how most Singaporeans ...Hi AK,<br /><br />I agree with you on how most Singaporeans view CPF. As a Malaysian, I used to dislike EPF (pension fund in M’sia), until I started researching and finding out more about it. For some reasons, all of us seem to dislike our own government at first. ��<br /><br />BTW, do you still remember the “SA shield” hack? It worked. Mdm Lorna Tan shared in her Straits Times article where she Anonymoushttps://www.blogger.com/profile/16600419743919451579noreply@blogger.com