tag:blogger.com,1999:blog-7944902213075756335.post4197234577143705306..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Parents' CPF, voluntary refund to CPF and don't do silly things.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7944902213075756335.post-64673332281680109472021-03-03T12:14:35.352+08:002021-03-03T12:14:35.352+08:00Thanks AK for the feedback :) Thanks AK for the feedback :) Cindy https://www.blogger.com/profile/17525024389015441331noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61511734718903161622021-03-03T10:04:03.526+08:002021-03-03T10:04:03.526+08:00Hi Cindy,
As things are now, the CPF SA shielding...Hi Cindy,<br /><br />As things are now, the CPF SA shielding hack is viable.<br /><br />I blogged about this a few years ago and more recently in 2019.<br /><br />See the more recent blog:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2019/12/withdrawing-cpf-savings-how-much-and.html" rel="nofollow">(Maximising CPF SA savings and returns.</a><br /><br />There is a chance that rulesAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14028326850848364522021-03-02T19:21:19.129+08:002021-03-02T19:21:19.129+08:00Hi AK,
Wish to ask for your thoughts regarding t...Hi AK, <br /><br />Wish to ask for your thoughts regarding the CPF SA Shielding method. <br />i was considering putting all possible CPF SA fund (about 146K, leaving 40K in SA) to an approved bond for CPF SA CPFIS 2 weeks before i turn 55 and then sell the bond once i turn 55 and the RA account created. <br />Using this method, about 146K of OA will get transferred to RA and i can continue to Cindy https://www.blogger.com/profile/17525024389015441331noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35342513193042907022021-02-04T06:52:13.033+08:002021-02-04T06:52:13.033+08:00Hi Wentworth Scofield,
I know some people say tha...Hi Wentworth Scofield,<br /><br />I know some people say that ASSI is the grandpa of showing off when it comes to CPF savings. <br /><br />However, I haven't done much in recent years but other bloggers and financial websites have picked up the slack.<br /><br />So, I am pretty sure this didn't happen because of me. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78481595252033392012021-02-03T22:13:00.940+08:002021-02-03T22:13:00.940+08:00AK you helped gov to receive more CPF money by pro...AK you helped gov to receive more CPF money by promoting it :p well done! <br /><br />https://www.channelnewsasia.com/news/singapore/cpf-top-ups-matched-retirement-sum-savings-14100964?cid=FBcna<br />Wentworth Scofieldhttps://www.blogger.com/profile/08366838024216803475noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15784946134988170702021-01-09T21:02:41.565+08:002021-01-09T21:02:41.565+08:00Hi Wentworth Scofield,
Ah, I see now how that mig...Hi Wentworth Scofield,<br /><br />Ah, I see now how that might have confused you. <br /><br />Yeah, my mom doesn't want to use up all her CPF savings because she wants to leave some money for us children.<br /><br />Transferring all her OA money to her RA would mean she gets a larger sum of money monthly to spend and if she were to spend it all, there won't be anything left for us AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74090262131343972262021-01-09T10:15:59.641+08:002021-01-09T10:15:59.641+08:00Hi AK,
Thanks for the clarification! I might have ...Hi AK,<br />Thanks for the clarification! I might have misunderstood with my limited knowledge. I inferred from the sentence<br /><br />"My mom kept saying the OA money is going to us children when she passes on"<br /><br />So I thought AK's mum is refusing to transfer from OA to SA (which earns higher interest) because the money from SA will not be inherited. <br /><br />Anyway. 万岁Wentworth Scofieldhttps://www.blogger.com/profile/08366838024216803475noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76183805750365993302021-01-08T07:59:03.860+08:002021-01-08T07:59:03.860+08:00Hi Wentworth Scofield,
Eh, I don't know where...Hi Wentworth Scofield,<br /><br />Eh, I don't know where I might have given you that impression. O_o<br /><br />When we expire, every cent that is left in our OA, SA, MA and even the RA (if we have one) will go to our beneficiaries.<br /><br />No worries. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1876531132385185682021-01-08T03:04:05.624+08:002021-01-08T03:04:05.624+08:00Hi AK,
A little confused here. Does it mean Money ...Hi AK,<br />A little confused here. Does it mean Money in SA will not be inherited but only money in OA? Thanks. Wentworth Scofieldhttps://www.blogger.com/profile/08366838024216803475noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27164138235957082202021-01-06T13:31:12.578+08:002021-01-06T13:31:12.578+08:00Hi garyp,
Ah, yes, I think it was this blog:
How ...Hi garyp,<br /><br />Ah, yes, I think it was this blog:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2014/08/how-to-upsize-100k-to-225k-in-20-years_4.html" rel="nofollow">How to upsize $100K to $225K in 20 years?</a><br /><br />If you have more money in your OA and if your SA has yet to hit the FRS, you can certainly consider doing more OA to SA transfer for a more magical effect.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42798824865386234292021-01-06T13:17:19.865+08:002021-01-06T13:17:19.865+08:00Hi Hi AK,
Happy New Year. I am referring to this ...Hi Hi AK,<br /><br />Happy New Year. I am referring to this post of yours which highlights the magic of compounding after depositing 40k into your SA, while having at least 20k in OA. What if after this step, I transfer all my OA money into SA, isn't the magic enhanced? garyphttps://www.blogger.com/profile/14050566589258501593noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43191030657043370052021-01-06T11:01:01.784+08:002021-01-06T11:01:01.784+08:00Hi Fong,
Really? O_o
The only adverts I see are ...Hi Fong,<br /><br />Really? O_o<br /><br />The only adverts I see are for online games... (^m^)<br /><br />When it comes to investing, quite simply, I won't use my CPF money unless my other war chests are depleted.<br /><br />As a AAA investment grade bond, the coupons paid by CPF are good enough for me. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64012242064134016122021-01-06T10:11:20.629+08:002021-01-06T10:11:20.629+08:00Hi AK,
I find it a little ironic that one of the ...Hi AK,<br /><br />I find it a little ironic that one of the adverts in this very same post is by Endowus, asking us to invest our cash/CPF/srs with them...hahahahaha!Fonghttps://www.blogger.com/profile/09301281346504479141noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23994432784350021072021-01-05T23:10:30.195+08:002021-01-05T23:10:30.195+08:00Well deserved. ;)Well deserved. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-49062130387437113772021-01-05T23:01:53.175+08:002021-01-05T23:01:53.175+08:00Honoured by this mentionHonoured by this mentionSnOOpy168https://www.blogger.com/profile/04119939685075540172noreply@blogger.com