Young working adults could use their CPF-SAs to grow their retirement funds, risk free, at a faster clip.
This is a valid and relatively fuss free approach to long term wealth accumulation.
If you think that the additional 1.5% per annum paid on the CPF-SA does not amount to much, I would encourage you to read a blog post of mine written more than two years ago.
In the last few paragraphs, I explained how transferring funds from CPF-OA to CPF-SA could significantly boost returns.
See:
Do you want to be richer?
The additional 1% interest paid annually on the combined first $60K in our CPF accounts is another strong incentive for us to use our CPF accounts to grow our retirement funds.
If you are interested to know more, go to the comments section of the blog post:
Want to be wealthier without higher risk?
For risk free, long term savings with significantly higher returns, the best option for average Singaporeans is still the CPF-SA.
Other related posts:
1. SRS, CPF-OA and CPF-SA.
2. SRS: A brief analysis.
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Build a bigger retirement fund with CPF-SA (UPDATED).
Sunday, November 11, 2012Protect your iPad mini.
Friday, November 9, 2012
Thinking of protecting your iPad mini from knocks and don't want to spend too much money at the same time? How does US$3.81 sound to you?
Yes, for only US$3.81, you will get a TPU shell for the iPad mini! Free shipping!
It comes in various colors too!
and search under New Arrivals.
You can't miss it!
Related post:
Save money with low prices and free shipping globally!
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