tag:blogger.com,1999:blog-7944902213075756335.post3740335338664204860..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Securing risk free returns early for our retirement.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7944902213075756335.post-83647611934178065302015-02-24T01:21:57.557+08:002015-02-24T01:21:57.557+08:00Central Provident Fund (CPF) members will be able ...Central Provident Fund (CPF) members will be able to grow their retirement savings further next year as the Government will raise interest rates on account balances, the salary ceiling for contributions and contribution rates for older workers.<br /><br />An additional 1 per cent interest will be applied to the first $30,000 of CPF savings for those aged 55 and above next year, on top of the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59824595264254444382014-03-25T19:04:17.604+08:002014-03-25T19:04:17.604+08:00Hi Solidcore,
Thanks for sharing your experience ...Hi Solidcore,<br /><br />Thanks for sharing your experience with us. I am sure you have taken another big step in the right direction. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55487270824290550582014-03-25T16:58:51.981+08:002014-03-25T16:58:51.981+08:00Hi AK,
Seeking tax rebate and building my retirem...Hi AK,<br /><br />Seeking tax rebate and building my retirement funds, I've recently completed my first ever VC into my SA. A smooth, pretty simple process using the CPF online submission and internet banking. I would sincerely encourage all readers of ASSI to consider this VC.<br /><br />Just like what Raymond mentioned, I intend to have enough in my SA to let the kind government do the hardSOLIDCOREhttps://www.blogger.com/profile/10335285941501577901noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91943713369444691372014-03-25T09:50:25.275+08:002014-03-25T09:50:25.275+08:00Another one:
Kenji FX: "just stating some fa...Another one:<br /><br />Kenji FX: "just stating some facts, cpf is not everything but another investment vehicle which u should have if u already paid all ur loans and u are very well covered in hospitalization and medication insurance b4 u got elderly.<br /><br />"my mother in law will get $400 per month when she reach 65 yrs old.<br /><br />"if she have max amount in her AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70660880024936082472014-03-25T09:48:36.623+08:002014-03-25T09:48:36.623+08:00Plucked from my FB wall:
Raymond Ng: "Assumi...Plucked from my FB wall:<br /><br />Raymond Ng: "Assuming that the min sum is 200K in 15 year from now, if you have "top up" your SA to $90K by age 37, you could just do nothing and let it compounds to $200K by age 55."AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61674780238668042702014-03-25T07:56:57.866+08:002014-03-25T07:56:57.866+08:00Hi Charlie,
Thanks for the suggestion. :)
Althou...Hi Charlie,<br /><br />Thanks for the suggestion. :)<br /><br />Although I still won't be able to top up my SA, I should be able to top up my MA when the caps are once again raised.<br /><br />Thanks also for the comment on CPF Life and how it is better than buying an annuity from a private insurer. I think this is something most might not appreciate. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42956526142749120182014-03-24T23:31:13.603+08:002014-03-24T23:31:13.603+08:00Hi AK,
Judging by your contribution breakdown, i...Hi AK,<br /><br />Judging by your contribution breakdown, it looks like you've maxed out your MA and SA. CPF board usually increases the minimum sum and medisave limits in July so if you top up at that time you can enjoy some tax reliefs by topping up into those respective accounts before they get maxed out again.<br /><br />Sillyinvestor, actually the two points you brought up about CharlieKhttps://www.blogger.com/profile/05313104574555502422noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15665271237555704562014-03-24T23:26:51.575+08:002014-03-24T23:26:51.575+08:00This comment has been removed by the author.CharlieKhttps://www.blogger.com/profile/05313104574555502422noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2778960219374497052014-03-24T16:51:00.218+08:002014-03-24T16:51:00.218+08:00Hi Mike,
I think the risks you have listed are po...Hi Mike,<br /><br />I think the risks you have listed are policy risks. Of course, the government can move the goal posts. However, I think they will have to think very carefully if the move will be unpopular since they would want to be re-elected in the next general election. :)<br /><br />I feel that the risk free returns from the CPF is about as low risk as we can go for returns of 2.5% to 5% AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91086464691003786822014-03-24T15:45:36.450+08:002014-03-24T15:45:36.450+08:00Hi AK,
When people say they don't trust the s...Hi AK,<br /><br />When people say they don't trust the system, I don't think they mean CPF going Kaput, in theory, it is not impossible though, you just need outflow bigger than inflow over a sustained period of time. Aging population and SIngapore lost its competitive such that no one want to become PR. When that day come, the stock market will properly be worthless.<br /><br />However, Anonymousnoreply@blogger.com