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I thought that only my CPF-SA numbers garnered a following but it seems that my CPF-OA numbers have a following too.
So, I agreed to share more of my CPF numbers here.
Latest CPF numbers, OA, SA and MA:
If we add all the three accounts together, the total amount of savings I have in the CPF is:
S$723,088.16
At the ripe old age of 45 too.
I know this is impressive to many people and although it is achievable, please don't think that this should be a benchmark for you to latch on to.
Remember, we have to be realistic.
Not many of us who want to buy our first property can leave our CPF-OA money untouched.
Indeed, regular readers know my story.
My CPF-OA savings was not always untouched.
See:
How did AK amass so much money in his CPF-OA?
For most of us, what is more achievable and more rewarding is to top up our CPF-SA and CPF-MA.
These accounts pay higher interest and they will help with our retirement and hospitalisation funding.
Be pragmatic.
These accounts should have priority.
See:
1. How to upsize $100K to $225K?
2. How to get free medical insurance with CPF-MA?
Interest earned in the CPF-MA will flow to the CPF-OA if both the CPF-SA and CPF-MA have hit their ceilings.
That interest will help the CPF-OA grow.
I know because this is what happens to me.
Later on in life, to grow our CPF-OA savings faster, if we have spare cash, we can always think about doing voluntary refunds to our CPF-OA.
Of course, when we are older, we could also sell our property and downsize.
See:
How to stop accrued interest we owe from growing in CPF-OA?
The CPF can go a long way to providing us with a financially more secure future.
We have to help the CPF to help ourselves and the earlier we do it, the better.
Now, I wonder how much my lump sum withdrawal from CPF at age 55 could be?
What?
The government allow a withdrawal of $5,000 only?
Not for me.
Related posts:
1. AK showing off SA numbers again?
2. AK showing off CPF-OA and MA (2016).
"They all say CPF is XXX... How like that?"
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