AK is speaking at InvestX Congress 2017.

Quite a few readers have been asking me whether I am going to have another session (or two) of "Evening with AK and friends" this year. 

Yes, I know. AK has been so lazy this year. Lazier than last year.

Bad AK! Bad AK!

Well, I am not sure if I want to do it this year but I did promise my friends at The Fifth Person to make an appearance at InvestX Congress 2017.

Yes! So exciting, right? 

So, if you really want to take a photo with me badly, here are the details:

Date: 19th August 2017.

Time: 9am to 6pm.

Venue: NTUC Auditorium Level 7.

Address: 1 Marina Boulevard.


At the last InvestX Congress a couple of years ago, some readers complained that I had to share the stage and I had too little air time. 

Alamak, what air time? AK is just full of hot air lah but the organisers have taken the feedback seriously.

I will be alone on stage for a full hour this time and I will also be on the panel at the end of the event.

I wonder how many songs would I have to sing to fill up that one hour? Hmmm.

If you decide to go, you will find out on that day.

How much will the ticket cost?

Get it by 19th July: 

$127.00.

Get it later: 

$147.00.

For those who drag their feet:

$197.00 at the door.

But I doubt anyone will have the chance to buy a ticket at the door. The last InvestX Congress sold out 3 weeks before the event!

Still, who wouldn't want to pay less? So, do you want to get a cheaper ticket? What is the lobang?

Come in pairs! 

Then, you get the second ticket at $97.00.

On a serious note, go to InvestX Congress not because you want to hear me sing or take photos with me. I am just the event mascot lah. ;)

Get more information and also to purchase tickets: HERE.

Downsizing flat and upsizing parents' retirement adequacy!

Reader:
Thank you for sharing your financial journey and thoughts on your readers’ queries with us.

My husband and I bought a BTO 4 room HDB flat 4 years ago.

We are thinking of changing our HDB from a 4-room to a 3-room flat some time after the MOP (5 years).




We are thinking of transferring the monthly CPF-OA contributions, excess of our monthly repayments, to SA for the 4% interest.

My father is 63 years old and my mother is 57 years old. 

If I am not wrong, topping up $60K to my father’s RA means he can apply for CPF LIFE. 

The monthly CPF LIFE payouts will be about $360.




AK:
If you have no other use for your CPF-OA savings after the move, transferring the money to the SA is always a good idea if you are thinking about a more secure retirement. 

Let the magic of compounding do its work. Your savings will amount to much more 20 years later.

With more cash in hand, you are planning to top up your parents' CPF accounts? I like that too. 

If you have only $60K to spare, you might want to consider splitting it so that both parents get $30K in their RAs. 

This is because the first $30K will get 6% interest. The next $30K gets 5%. Of course, above $60K, it is 4%.




If you have $120K to spare instead of only $60K, of course, topping up both parents' CPF-RA with $60K each is a good idea. 

Make the government do some work in supporting your parents financially. ;)




Related post:
Mom is stunned by her CPF-RA.