tag:blogger.com,1999:blog-7944902213075756335.post3585740122876452079..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Retirement: AK is buying a 12 year tenor AAA rated bond.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-7944902213075756335.post-74815378479361081702018-01-23T10:33:34.350+08:002018-01-23T10:33:34.350+08:00Hi ZPJ,
Er... I would say that CPFB's word on...Hi ZPJ,<br /><br />Er... I would say that CPFB's word on this is final. <br /><br />Don't get me in trouble. ;p<br /><br />I think you can do a 50% transfer to your spouse only when you turn 55 and only if you have met FRS.<br /><br />You can check with CPFB on this again. <br /><br />I don't trust my memory. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76853703892450341302018-01-22T22:51:27.088+08:002018-01-22T22:51:27.088+08:00Hi AK,
Thanks for all the very useful sharing.
I ...Hi AK, <br />Thanks for all the very useful sharing.<br />I went to CPF to ask the below scenario:<br />If CPF-SA reaches FRS such that contribution of 7K to SA no longer allowed, and no tax deduction possible, can one's CPF-SA balance be transferred to spouse, parents, siblings etc to create room for further contribution? <br />The answer from CPF is that can't be done.<br />But somehow Anonymoushttps://www.blogger.com/profile/06630932332016906896noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11195686157465508062017-12-31T22:35:08.789+08:002017-12-31T22:35:08.789+08:00Hi Kenneth,
Happy New Year!
Gambatte!Hi Kenneth,<br /><br />Happy New Year!<br /><br />Gambatte!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58305480178217788312017-12-31T22:34:25.119+08:002017-12-31T22:34:25.119+08:00Hi Ben,
I like this way of thinking.
In the las...Hi Ben,<br /><br />I like this way of thinking. <br /><br />In the last round, the ang bao was $88. ;)<br /><br />http://singaporeanstocksinvestor.blogspot.sg/2017/01/do-online-contribution-to-medisave-and.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76393926012912950332017-12-31T20:13:46.079+08:002017-12-31T20:13:46.079+08:00Hi AK
Happy New Year to you and Family.
This will...Hi AK<br /><br />Happy New Year to you and Family.<br />This will be the plan as for now and will have other plans in mind when at 54.<br /><br />CheersKenneth Yonhttps://www.blogger.com/profile/15983680331850669435noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39148446644819435882017-12-31T11:29:45.090+08:002017-12-31T11:29:45.090+08:00Hi all,
Tomorrow is the first day of 2018. I will...Hi all,<br /><br />Tomorrow is the first day of 2018. I will be making contribution of $2,500 into my Medisave account tomorrow. It will mean a free Hongbao money of $100 for 2018. You may want to consider adopting the likewise approach. <br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10073422246237871612017-12-31T10:16:33.316+08:002017-12-31T10:16:33.316+08:00Hi Kenneth,
Sounds like you have a plan and I lik...Hi Kenneth,<br /><br />Sounds like you have a plan and I like the sound of it. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39882418869134591092017-12-30T10:30:24.110+08:002017-12-30T10:30:24.110+08:00Hi AK
My age 50
Plan to top up CPF OA by mean of ...Hi AK<br /><br />My age 50<br />Plan to top up CPF OA by mean of returning back money use to purchase HDB.(I think I max out on annual CPF contribution).<br />By doing this, I felt is a good way of gaining 2.5% of fixed deposit for the next 5 years. Btw, I already met my CPF MS for RA.<br />Do u agree?Kenneth Yonhttps://www.blogger.com/profile/15983680331850669435noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10358134362602788072017-12-05T00:53:01.423+08:002017-12-05T00:53:01.423+08:00Reader says...
If our SA already hit the MS (and w...Reader says...<br />If our SA already hit the MS (and we have employment), are we still allowed to do VC to our SA up till the annual limit?<br /><br />AK says...<br />You want to read this blog where I talked about people who have hit the minimum sum required or who are planning to hit the minimum sum pretty soon.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89208575797886111772017-08-17T12:37:49.849+08:002017-08-17T12:37:49.849+08:00Alamak. Short paid myself $6,290 this year. :(
Ov...Alamak. Short paid myself $6,290 this year. :(<br /><br />Over a period of 4 days, I did online voluntary contributions to my CPF account to hit the annual contribution limit. Done! :)<br /><br />Lost a few months of interest. :_(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16167022571276616472017-01-23T09:19:55.859+08:002017-01-23T09:19:55.859+08:00Hi K,
You have the answer in your comment.
"...Hi K,<br /><br />You have the answer in your comment.<br /><br />"...the earlier I contribute in the year, the more interest I will get."<br /><br />;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27197399172017526542017-01-23T08:39:14.688+08:002017-01-23T08:39:14.688+08:00Hi AK,
I am deciding when to do the Voluntary Con...Hi AK,<br /><br />I am deciding when to do the Voluntary Contribution to my CPF. Any advantages to do it at the beginning or wait until the end of the year? (I do not hold a permanent job). I am thinking the earlier I contribute in the year, the more interest I will get.<br /><br />Thanks.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54115959292307195842017-01-18T08:59:20.092+08:002017-01-18T08:59:20.092+08:00Hi Resistor,
Oh, with some difficulty. I could ne...Hi Resistor,<br /><br />Oh, with some difficulty. I could never get it right totally when I was still holding a job.<br /><br />See:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2016/02/the-cpf-is-really-national-ponzi-scheme.html" rel="nofollow">CPF is really a national PONZI scheme.</a><br /><br />It's OK. I got my money back. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21087710326377850272017-01-17T23:21:20.772+08:002017-01-17T23:21:20.772+08:00how would i know how much can I contribute as bonu...how would i know how much can I contribute as bonus is variable?<br />I guess too late to contribute back to 2016 after dec bonus is known? <br /><br />given the revision to #37,740 probably can still put some $ inResistorhttps://www.blogger.com/profile/01311003944315852775noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11608719561853324212015-02-24T18:06:22.777+08:002015-02-24T18:06:22.777+08:00The Republic's Budget for Financial Year 2015 ...The Republic's Budget for Financial Year 2015 "shows the strength of the government’s institutional and governance effectiveness", and would keep Singapore's credit strong despite its ageing population, Standard & Poor’s Rating Services (S&P) said in a media release on Tuesday (Feb 24).<br /><br />A day after the Budget was announced by Deputy Prime Minister Tharman AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71682112709963054092015-01-15T14:16:13.768+08:002015-01-15T14:16:13.768+08:00Hi Papa Bear,
As I have entered semi-retirement a...Hi Papa Bear,<br /><br />As I have entered semi-retirement and have less in mandatory contributions, I am allowed to make bigger VCs. <br /><br />The idea I have shared in this blog post will become even more useful when I am fully retired from active employment before I hit 55 years of age.<br /><br />Having more money in AAA rated bonds as I grow older is an appealing idea to me. AAA rated AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27102543318595069002015-01-15T14:02:14.226+08:002015-01-15T14:02:14.226+08:00Hi AK,
This is an interesting topic that got me t...Hi AK,<br /><br />This is an interesting topic that got me thinking and calculating!<br /><br />As shared by many before me, if you earn more than $5k monthly and if your bonus is more than $25k, you will be very close to the contribution limit of $31,450. In fact, you only can do a voluntary contribution of $850, which I plan to do.<br /><br />The reason this topic interested me was because I Papa Bearhttps://www.blogger.com/profile/11821233015388857272noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14082856614196576462015-01-06T23:30:49.728+08:002015-01-06T23:30:49.728+08:00Hi,
The interest is computed monthly, based on min...Hi,<br />The interest is computed monthly, based on minimum balance for the month. Example,<br />your OA is 10,000 on 1st Jan 2015, 1.000 is deduucted on 5th Jan 15 as housing loan, 1,000 is contributed on 18th Jan 15.<br />Interest for Jan 2015 is based on 9,000 as the minimum balance, and it is 9,000 x 0.025 / 12 = 18.75 as interest for jan 2015.<br />Since CPF members contribute roughly Joehttps://www.blogger.com/profile/12916928330643349599noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69675067196031328332015-01-06T16:15:47.446+08:002015-01-06T16:15:47.446+08:00Hi Vicster,
I shall respond to your questions in ...Hi Vicster,<br /><br />I shall respond to your questions in the next blog post because I think some other readers might be interested in the answers as well. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31170269827359098172015-01-06T14:16:25.032+08:002015-01-06T14:16:25.032+08:00Hi AK!
For some reason, my previous comments disa...Hi AK!<br /><br />For some reason, my previous comments disappeared (or i'm just bad with blog commenting!)<br /><br />I'm 41 this year and far from the 161k MS this year (only slightly more than half of that). Have just fully paid off my 5 room HDB though.<br /><br />Some questions for your enlightened response:<br /><br />1) I have about 30k left in my OA. Is it wise to transfer all vicsterhttps://www.blogger.com/profile/07381847614225888222noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53248079957050844642015-01-06T14:09:14.589+08:002015-01-06T14:09:14.589+08:00Hi AK
Have been following your blog for a few wee...Hi AK<br /><br />Have been following your blog for a few weeks now and I like what I see and the values/lifestyle you lead.<br /><br />I'm 41 this year and far from reaching the MS unlike a few people here. Looks like I need to re-strategize my CPF plans.<br /><br />Some questions for your enlightened inputs:<br /><br />1) I just paid off my 5 room HDB and have about 30k left in my OA. You vicsterhttps://www.blogger.com/profile/07381847614225888222noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32488250621829814912015-01-06T10:27:36.672+08:002015-01-06T10:27:36.672+08:00Hi EW,
You have a strong cornerstone to help fund...Hi EW,<br /><br />You have a strong cornerstone to help fund your retirement. Congratulations! :)<br /><br />Maxing the annual contribution cap will be the icing on the cake for you. $3K a year for 13 years will give you a tidy sum in addition to what you would already be allowed to withdraw at age 55. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12479727556795841582015-01-06T00:28:51.571+08:002015-01-06T00:28:51.571+08:00Hi AK,
Thanks for sharing this.
I am currently 41...Hi AK,<br /><br />Thanks for sharing this.<br />I am currently 41 and have reached the minimum sum. For the past 3 years, i have been using cash $7000 to top up my MS to reduce tax. <br />It's good to know that i can still do VC if my mandatory contribution is <31K. I think i can still do VC of 3-4K depending on how much bonus i get ;-)EWhttps://www.blogger.com/profile/12429682257951755082noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1649424287562064282015-01-05T19:12:16.583+08:002015-01-05T19:12:16.583+08:00Hi Gary,
Yes, they are different. :)
So, even if...Hi Gary,<br /><br />Yes, they are different. :)<br /><br />So, even if you have hit the contribution cap of $31,450 in 2015, you are still allowed to do MS Top Up of up to $7,000 to the CPF-SA which is tax deductible as long as you have yet to hit the MS which is $161,000 this year. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3814471554743705592015-01-05T19:04:56.627+08:002015-01-05T19:04:56.627+08:00Hi AK, can I clarify if the voluntary contribution...Hi AK, can I clarify if the voluntary contribution subject to the $31,450 maximum contribution, and the CPF top up scheme of up to $7,000 for myself and my loved ones are different? Can I still do a CPF top up if I have reached the maximum contribution amount for the year? Thanks!Garyhttps://www.blogger.com/profile/05539511653157221266noreply@blogger.com