tag:blogger.com,1999:blog-7944902213075756335.post5246605512553961219..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Building a cornerstone in retirement funding with CPF.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-7944902213075756335.post-6257746741182253502019-01-19T10:39:22.848+08:002019-01-19T10:39:22.848+08:00CH CH Ng says...
Hope more people see this as a co...CH CH Ng says...<br />Hope more people see this as a corner stone for retirement... <br />My CPF interest 21.5k total for year 2018...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32135908290423952792018-07-21T13:35:29.887+08:002018-07-21T13:35:29.887+08:00Over-consume on housing and we might have to "...Over-consume on housing and we might have to "work forever and ever and ever".<br /><br />We have a choice in housing type.<br /><br />The government didn't tell us to buy the largest and the most expensive housing type there is available to us. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67742139947976933412018-07-21T13:31:06.694+08:002018-07-21T13:31:06.694+08:00K says...
Correct me if I'm wrong, after wipin...K says...<br />Correct me if I'm wrong, after wiping out ur CPF for initial DP for HDB flat, we are forced to repay the hdb loan by wiping out our subsequent cpf monthly contributions every month?<br /><br />S says...<br />The govt just want us to work forever and ever and ever.<br /><br />AK says...<br />Few are able to afford their first home without tapping on their CPF savings.<br /><br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8806300759009784032018-06-12T11:24:51.549+08:002018-06-12T11:24:51.549+08:00Hi F88,
If AK can do it, so can you! :DHi F88,<br /><br />If AK can do it, so can you! :DAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67901065107872400792018-06-09T22:20:20.618+08:002018-06-09T22:20:20.618+08:00Thanks loads, AK!Thanks loads, AK!Frowns88https://www.blogger.com/profile/02284939344444329229noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50883793258866702272018-06-09T17:22:08.292+08:002018-06-09T17:22:08.292+08:00See:
http://singaporeanstocksinvestor.blogspot.co...See:<br /><br />http://singaporeanstocksinvestor.blogspot.com/2011/12/common-piece-of-advice-on-saving.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-92169722597234049372018-06-09T17:18:32.702+08:002018-06-09T17:18:32.702+08:00Hi F88,
Unless they are born with a spoon made of...Hi F88,<br /><br />Unless they are born with a spoon made of some precious metal in their mouths, people who do not save any money at all are definitely asking for trouble.<br /><br />For people who save a meaningful amount of money regularly and invest for income, financial freedom is not just a dream.<br /><br />I like the CPF-SA and I think it should form the cornerstone of our retirement AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80532466326544494762018-06-09T14:14:38.755+08:002018-06-09T14:14:38.755+08:00Hi AK,
Like how the radio host often advised thei...Hi AK,<br /><br />Like how the radio host often advised their guests, I am approaching you in the same manner seeing the "CPF membership" portion.<br /><br />I am a 29 year old with an estimated of $30k in cash, $35k in investments, $10k in savings plan and CPF OA: $46k / SA: $16k. The key point is I am going into marriage next year and my house will be ready in 2020, which means risk Frowns88https://www.blogger.com/profile/02284939344444329229noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9088183018756477812018-06-09T14:14:14.349+08:002018-06-09T14:14:14.349+08:00Hi AK,
Like how the radio host often advised thei...Hi AK,<br /><br />Like how the radio host often advised their guests, I am approaching you in the same manner seeing the "CPF membership" portion in your latest post today.<br /><br />I am a 29 year old with an estimated of $30k in cash, $35k in investments, $10k in savings plan and CPF OA: $46k / SA: $16k. The key point is I am going into marriage next year and my house will be ready Frowns88https://www.blogger.com/profile/02284939344444329229noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17704210157281511642017-12-01T11:32:41.602+08:002017-12-01T11:32:41.602+08:00Xie Weiming says...
I thought for those above 55 a...Xie Weiming says...<br />I thought for those above 55 and u have met the minimum Sim. Then no need to repay the accrual interest?<br /><br />AK says... <br />Yes, if you set aside the FRS in your RA, you could withdraw all the remaining money from your CPF OA and/or SA at 55. The accrued interest becomes a non-issue.<br /><br />Wong Yao Keng says... <br />So morale of the story is, try to top up AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7130468891555706142017-01-30T12:15:11.840+08:002017-01-30T12:15:11.840+08:00You might want to read this blog:
Stop accrued int...You might want to read this blog:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2015/09/how-to-stop-accrued-interest-we-owe-cpf.html" rel="nofollow">Stop accrued interest from growing.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62549061312417022902017-01-30T12:00:48.337+08:002017-01-30T12:00:48.337+08:00Hi Cindy,
New reader from December 2016? Welcome ...Hi Cindy,<br /><br />New reader from December 2016? Welcome to my blog. :)<br /><br />You said:<br />"Cons: Will take yet another 2 years to be debt free."<br /><br />If you did not repay yourself for money you borrowed from your CPF account, you are still in debt even after you have cleared your home loan.<br /><br />Remember the accrued interest? That is interest you owe yourself. AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35861276368657146442017-01-30T11:41:53.988+08:002017-01-30T11:41:53.988+08:00HI AK
I am thinking of doing some financial plann...HI AK<br /><br />I am thinking of doing some financial planning on my mortgage loan balance and would love your thoughts. My loan balance is $300K and interest is 1.88% a year. I used CPF to partially pay $100K of the purchase price. <br /><br />My initial plan was to repay $50K per year of the outstanding loan, so it should take me 6 years to repay my loan balance but I havent been disciplined Cindyhttps://www.blogger.com/profile/14452166408211417728noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55159690955433435352016-09-19T20:56:13.419+08:002016-09-19T20:56:13.419+08:00The Retirement Sum Scheme provides CPF members a m...The Retirement Sum Scheme provides CPF members a monthly income to support a basic standard of living during retirement for about 20 years.<br /><br />To better mitigate longevity risks, the CPF LIFE Scheme was introduced in 2009 which provides a monthly income for as long as you live. You will be placed on CPF LIFE if you are a Singapore Citizen or Permanent Resident born in 1958 or after, and AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28767862125632905402016-08-14T22:11:12.347+08:002016-08-14T22:11:12.347+08:00A conversation in Facebook:
Reader:
"Hi AK, ...A conversation in Facebook:<br /><br />Reader:<br />"Hi AK, what do you think of CPF lifetime retirement investment scheme?"<br /><br />Assi AK:<br />"The scheme will offer some mutual funds/unit trusts. They will not be risk free and volatility free. If you are prepared to take on some risk and are able to stomach volatility in return for the possibility of higher returns, then, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67141028804652026082016-01-09T07:40:03.313+08:002016-01-09T07:40:03.313+08:00Hi MaTa,
I believe an article on this appeared in...Hi MaTa,<br /><br />I believe an article on this appeared in The Sunday Times again on 3 Jan 16.<br /><br />“The Basic Retirement Sum (BRS) for CPF members turning 55 from 2017 to 2020 will be increased by 3 per cent yearly for each cohort, to account for inflation and rising standard of living.<br /><br />"The sum is made known ahead of time to allow for better retirement planning.<br /><brAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83600112374729898702016-01-09T00:57:11.168+08:002016-01-09T00:57:11.168+08:00Hi AK
Do you have have any weblinks to the change...Hi AK<br /><br />Do you have have any weblinks to the changes?MaTaKazerhttps://www.blogger.com/profile/10275906712282797387noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58560941343599511632016-01-08T20:15:04.546+08:002016-01-08T20:15:04.546+08:00Hi MaTa,
The MS (FRS) will not increase until 201...Hi MaTa,<br /><br />The MS (FRS) will not increase until 2018. From 2018, it will increase at 3% per annum. This was in the news some time ago when they announced changes to the CPF system. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62596944487197758692016-01-08T20:13:25.801+08:002016-01-08T20:13:25.801+08:00You might be interested in these blog posts:
1. ...You might be interested in these blog posts:<br /><br />1. <a href="http://singaporeanstocksinvestor.blogspot.sg/2014/10/are-you-financially-on-track-for.html" rel="nofollow"> Are you financially on track for retirement?</a><br /><br />2. <a href="http://singaporeanstocksinvestor.blogspot.sg/2010/08/how-much-do-we-need-or-what-do-we-need.html" rel="nofollow"> How much do we need or what do we AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37998526830769757272016-01-08T20:07:02.422+08:002016-01-08T20:07:02.422+08:00Hi waikaye,
That is a difficult question to give ...Hi waikaye,<br /><br />That is a difficult question to give a definite answer to. It is a question I struggled with for a while myself.<br /><br />It all boils down to what is enough. If we already have enough for a comfortable retirement and we are still at it, we are probably overdoing it.<br /><br />I am reminded of a couple who were both doctors and they were also frugal. They saved quite a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68691173649938063022016-01-08T18:24:15.547+08:002016-01-08T18:24:15.547+08:00Hi AK.
I am in my mid 20s now so I probably have ...Hi AK.<br /><br />I am in my mid 20s now so I probably have 30 years to the Drawn Down Age(DDA) of my CPF. Judging from the trend of how the MS, now the FRS increased historically, I projected an increase of roughly 6%PA of the FRS. This leads to a shocking 924K 30 years later!!!<br /><br />What's more shocking is I don't think I am able to reach the FRS of 924k in 30 years time. Say I MaTaKazerhttps://www.blogger.com/profile/10275906712282797387noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19590140200780293612016-01-08T14:52:44.686+08:002016-01-08T14:52:44.686+08:00Hello AK,
How would over-planning for retirement ...Hello AK,<br /><br />How would over-planning for retirement look like?waikayehttps://www.blogger.com/profile/11129968263322032977noreply@blogger.com