Late showing off CPF OA, SA and MA in 2018.

Reader says...

Thanks for sharing your CPF details but those are for 2017.

I looked for your 2018 numbers but without success.

Could you show me the link?

I am a new believer and it is all thanks to your blog!

AK says...

I thought I shared but I can't find the blog.

Aiyoh, if AK cannot navigate ASSI, no one can. :p

So, here are the numbers:

If you are comparing the numbers with those from 2017 (here), please note that I did a voluntary contribution in January 2018, maxing the annual CPF contribution limit.

This is why the OA has crossed the half million dollars mark.

I intend to continue making voluntary contributions yearly till I turn 55 as I build a bigger position in dollar terms in an investment grade sovereign bond, our country's very own.






I will have the option to withdraw some, most or all of the money in my OA when I turn 55 since my SA has already exceeded the prevailing Full Retirement Sum (FRS).


And I expect the SA to exceed the FRS year after year if the SA continues to earn a minimum interest of 4% a year while the FRS grows at 3% a year.






In such a case, although I probably won't do it, I would also have the option of withdrawing money from the SA when I turn 55.

Of course, when I turn 55, there will be a newly created RA where the FRS will be housed and CPF Life will start paying me a monthly income for life when I turn 65.

CPF Life will automatically start paying out when we reach age 70 if we do not wish for payouts to start earlier.







Here are the links to the two other blogs on my CPF in 2018 which I could find:

1. CPF savings grew almost $200K!

2. CPF interest earned (end 2017).

If AK can do it, so can you!