tag:blogger.com,1999:blog-7944902213075756335.post54334239316214140..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): A lot of the money in my CPF-SA is from the government. (AK reveals his CPF-SA numbers in detail for the first time.)AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger81125tag:blogger.com,1999:blog-7944902213075756335.post-57646589057397635492019-01-19T10:37:57.924+08:002019-01-19T10:37:57.924+08:00Adeline Low says...
Agreed. The amount of interest...Adeline Low says...<br />Agreed. The amount of interest received in my SA account is more than my yearly employment contribution. Wow! Faster TOP up SA is the key indeed.<br /><br /><br />Kok Koon says... <br />Thanks AK! 5 years since I first eavesdrop you on SA+MA. Cross $10k interest first time this year. With wife! 😊<br /><br /><br />Lyn Lee says...<br />I can share how I reach $22K in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17601488252727902302018-06-12T11:43:52.955+08:002018-06-12T11:43:52.955+08:00Reader says...
The only con is that we can only wi...Reader says...<br />The only con is that we can only withdraw the monies at the age of 55 and after setting aside the prevailing minimum sum. The minimum sum keeps rising over the years. The goalposts keep shifting as well.<br /><br />AK says...<br />I have shown in my blog how we can let the government help us meet the yearly increase in minimum sum.<br /><br />People talk about shifting goal AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80548186956683799312018-06-08T13:51:20.218+08:002018-06-08T13:51:20.218+08:00Jack James says...
1. What happens to the amount ...Jack James says...<br /><br />1. What happens to the amount on top of the FRS or ERS minimum amount after we have pledged to set aside?<br /><br />Answer: After you put aside FRS , you can either keep the rest for fat interests or withdraw it anytime you like.<br /><br />2. If we are still employed after 55 till 65 and still contribute to CPF, where does to the subsequent CPF contribution monies AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16235563363025762402018-06-08T13:22:42.973+08:002018-06-08T13:22:42.973+08:00Wong Yao Keng says...
You don't work for CPF, ...Wong Yao Keng says...<br />You don't work for CPF, CPF works for you 😄AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32486244276324583982018-06-08T12:48:02.070+08:002018-06-08T12:48:02.070+08:00I know some people think I work for the CPFB but, ...I know some people think I work for the CPFB but, really, I don't. :pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29689069549670222382018-06-08T12:46:46.442+08:002018-06-08T12:46:46.442+08:00Reader says...
1. What happens to the amount on to...Reader says...<br />1. What happens to the amount on top of the FRS or ERS minimum amount after we have pledged to set aside?<br />2. If we are still employed after 55 till 65 and still contribute to CPF, where does to the subsequent CPF contribution monies in the OA, SA and MA accounts by employer and employee go to?<br />3. Depending to the answer for Q2, if all the subsequent contributions AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36150837944288850422018-01-12T13:13:19.401+08:002018-01-12T13:13:19.401+08:00Simeon Kong says...
That’s the idea! It’s trying ...Simeon Kong says... <br />That’s the idea! It’s trying best to keep up with inflation and avoid “reality bite“ when having not enough after retirement. The chicken rice is not going to be 3 dollars in 30 years time..... know the mechanism why it’s planned that way and get ready for retirement planning.<br /><br />Kenji Tay says... <br />Actually, once yr sa hit frs.. You dun even need to worry AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23867757172330930252018-01-11T10:32:51.155+08:002018-01-11T10:32:51.155+08:00Reader #1 said...
I read about your posts on CPF t...Reader #1 said...<br />I read about your posts on CPF top ups but my concern is that it is always a shifting goalpost. The retirement sum increases by 5k a year and this year its already 171k. On top of that, the retirement age can get pushed beyond 65 in years to come.<br /><br />Reader #2 said...<br />In response to the concern of shifting of goalposts, I think this is much less of a worry onceAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6969194694095904972016-12-17T10:05:06.678+08:002016-12-17T10:05:06.678+08:00Reader:
"Hi, I read from your blog that you h...Reader:<br />"Hi, I read from your blog that you have an amount greater than the 2016 FRS of $161K in your SA. How is that possible? Isn't amount in excess of the FRS in the SA transferred over to the OA?"<br /><br />AK:<br />"Even if our CPF-SA has hit the prevailing FRS, interest earned in the SA stays in the SA and if we are gainfully employed, the SA will still receive AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67992697592148345932016-07-26T18:13:32.316+08:002016-07-26T18:13:32.316+08:00Hi V mei,
This has been discussed before and the ...Hi V mei,<br /><br />This has been discussed before and the conclusion was that unless one's CPF-SA is made up exclusively of money from MS Top Ups, there will still be a lump sum payment at age 55.<br /><br />For most of us who are gainfully employed and choose to do MS Top Ups and if we exceed the MS or the FRS, most likely, the money from MS Top Ups will be retained and transferred into AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65630735878701475102016-07-26T17:35:03.681+08:002016-07-26T17:35:03.681+08:00Hi there
late into this post but i find it very v...Hi there<br /><br />late into this post but i find it very valuable, however, so doubt about it as well.<br /><br />As per CPF, reaching age 55, you will not be able to withdraw any of the self top-up made in SA. <br /><br />++quote from cpf web++<br />After setting aside your Full Retirement Sum or Basic Retirement Sum with sufficient property charge/pledge, you can choose to withdraw the Unknownhttps://www.blogger.com/profile/04672465709904637446noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5802294376648308592015-12-25T08:26:38.621+08:002015-12-25T08:26:38.621+08:00Hi Mao Mao,
OK, I will consider doing an update a...Hi Mao Mao,<br /><br />OK, I will consider doing an update although I am not sure if it would be more useful a blog post than this. MERRY CHRISTMAS! :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13145195062248388642015-12-24T23:07:16.764+08:002015-12-24T23:07:16.764+08:00Hi AK. I hope you will be kind to do a January 201...Hi AK. I hope you will be kind to do a January 2016 edition to this post. Merry Christmas!Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62596831759401035652015-11-24T13:25:39.901+08:002015-11-24T13:25:39.901+08:00I know that if we are consistently very good inves...I know that if we are consistently very good investors, we could get much better returns than 4% per annum but I believe that there is always a place for investment grade bonds in our portfolio. The CPF is, to me, that risk free and volatility free investment grade bond in my portfolio. Simple.<br /><br />You might have your own beliefs and you might even think that I am stupid for thinking the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10695085641714112532015-11-05T11:57:00.516+08:002015-11-05T11:57:00.516+08:00Hi Pauline,
I like the sound of things. Good plan...Hi Pauline,<br /><br />I like the sound of things. Good plan. :)<br /><br />The economy does look weak and to the government's credit, they are not glossing things over. Things could get a lot worse in the next year or two. We should heed the warning signs.<br /><br />Those who have been financially prudent, everything else being equal, will weather the downturn better than the rest.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72194470106149468382015-11-05T11:29:37.349+08:002015-11-05T11:29:37.349+08:00Hi Ak,
Yes I have kept a small buffer in the OA b...Hi Ak,<br /><br />Yes I have kept a small buffer in the OA before doing the bulk transfer. Not as much as 12 months mortgage payments though. As I only use a small amount from cpf to pay for my mortgage, my OA balance will build up pretty quickly so i'm not too concerned. <br /><br />My intention is to build up to 20K float in OA and transfer the rest to SA. I will only be doing this (beef up小柒https://www.blogger.com/profile/00957511170990834495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34046820063254523292015-11-05T08:40:20.941+08:002015-11-05T08:40:20.941+08:00Hi Pauline,
When you say "excess" funds...Hi Pauline,<br /><br />When you say "excess" funds in your OA being transferred to the SA, I am assuming that you have left a float in your OA that is big enough to service your home loan for a period of time (in case you should run out of cash for whatever reason). For those of us who have an outstanding home loan, it is the prudent thing to do. <br /><br />What is enough? I would say AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45653130475940035032015-11-04T23:23:31.419+08:002015-11-04T23:23:31.419+08:00Hi AK,
Your blog really inspired me to take charg...Hi AK,<br /><br />Your blog really inspired me to take charge of my finances and be more serious in retirement planning. I have since Transfered excess funds from my OA account to SA and also plan to top up the SA yearly so I can hit the minimum sum ASAP. I used a spreadsheet to calculate and true enough because of the compounding effect I should be able to hit the minimum sum (assuming the MS 小柒https://www.blogger.com/profile/00957511170990834495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79767196626112479462015-09-05T23:00:34.652+08:002015-09-05T23:00:34.652+08:00Hi KS,
The minimum sum has to increase because of...Hi KS,<br /><br />The minimum sum has to increase because of inflation. And we should realistically expect the minimum sum to increase at least 3% per year. However, if we have been proactively growing our CPF savings, I have shown how it is possible to let the government help us meet this 3% increase and more each year.<br /><br />Delaying the DDA to 65 years old by the year 2018 is important asAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8397614025536057642015-09-05T22:30:29.759+08:002015-09-05T22:30:29.759+08:00Hi,
I am 45. I dont trust the government bevause ...Hi, <br />I am 45. I dont trust the government bevause they keep changing cpf rules such as increase minimum sum and delay withdrawal age. But the cpf compounding interest work. So leave money and let it work for you.<br /><br />Rgds<br />KsKShttps://www.blogger.com/profile/08603424695314883121noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74906855806613510732015-09-05T13:50:25.141+08:002015-09-05T13:50:25.141+08:00Huang XinLong: "I feel the trust between the ...<i>Huang XinLong: "I feel the trust between the government and people is lost. When such a thing happen most people will not be objective. So facts don't matter anymore."<br /><br />We must all learn the importance of communication and communicate effectively. The government can and must do better.<br /><br />"I do know friends and also family members who are deeply suspicious AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37077879749332203182015-08-18T00:13:46.765+08:002015-08-18T00:13:46.765+08:00Hi Pauline,
There is actually no maximum or ceili...Hi Pauline,<br /><br />There is actually no maximum or ceiling for the SA. There is a minimum sum we must maintain in the SA at age 55 (which will be transferred to the RA) and this minimum sum requirement also limits our ability to do OA to SA transfers or Minimum Sum Top Ups. So, once we have hit the minimum sum requirement at any one time, no transfer or Top Up is allowed. <br /><br />However,AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30458552564308184712015-08-17T22:02:33.361+08:002015-08-17T22:02:33.361+08:00Hi,
Curious as to why the interest did not overflo...Hi,<br />Curious as to why the interest did not overflow into OA even when SA limit reached? This is different from MA where any interest will be trf to SA when hit the max of $48500小柒https://www.blogger.com/profile/00957511170990834495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10704258349460417012015-07-23T12:34:21.233+08:002015-07-23T12:34:21.233+08:00Hi Hui Xiong,
I firmly believe that there is a pl...Hi Hui Xiong,<br /><br />I firmly believe that there is a place for risk free and volatility free instruments in our investment portfolios. This is why many investors have a investment grade bond component in their portfolios.<br /><br />For me, the CPF-SA (with coupons of 4% to 5% which are reinvested) is that investment grade bond in my portfolio. It will also morph into an annuity at age 65 AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8989785745904958792015-07-23T12:12:08.906+08:002015-07-23T12:12:08.906+08:00Hi,
I would like to ask why would you do a volunt...Hi,<br /><br />I would like to ask why would you do a voluntary contribution that will yield only 4% PA. I say only because I believe you can have gotten a higher return elsewhere.<br /><br />Not to add that we can't get the monies in our CPF as we please. The only upside of this is, it is relatively safe?Anonymoushttps://www.blogger.com/profile/03533702258353583060noreply@blogger.com