Good men top up their wives' CPF accounts!

Reader #1 says...
I have decided to use cash, $10K annually for 18 years to top up my non-working spouse's CPF SA.

She currently has only $10K in her CPF SA.

In this way, she should be able to meet the minimum sum by the age of 55 and join the CPF Life.

10K annually will be the minimum top up and will be around $280K by the time she is 55 if my calculation is correct.

Any extra will be bonus.





We are not very well-to-do, so we hope that with both of us on CPF Life, we will not burden our children when we aged.

Just like to thank you for sharing your thoughts/talking to yourself on the CPF system, so that we can better understand it!

And thank you for taking your time to reply me with the link.

What u are doing is truly out of good will.

Good karma for good hearted people! 善有善报！😊






Reader #2 says...
I had just hit the FRS in SA and the BHS in MA as some of your readers did.

Wah, feel happy and looking to grow my spouse's CPF account as my next objective.

She is a SAHM (stay at home mother).







AK says...
The CPF system is one that helps members who help themselves.

It is a system that rewards the gainfully employed.

Housewives are usually disadvantaged, therefore.

So, good husbands like you guys are needed!

Doing a good job! Gambatte!





Imaginary Reader says...
What about you, AK?

Are you doing a good job too?


AK says...
B.Y.H.W.

Wealth destruction!

I lucky I no wife. :p

Yes, I know.

Bad AK! Bad AK!

What is behind hitting the FRS and what is our plan?

In the last few days, I have been sharing stories of young readers hitting the FRS in their CPF-SAs.

Although it is meant to be encouraging, it has also caused some readers anxiety.

I guess it is just like getting mixed response from readers after sharing my own CPF numbers over the years.

"One type of rice feeds hundred types of people."

Direct translation of a Chinese saying.






How we respond to something depends on our own beliefs and situation.

However, there is no doubt that all of us need to be financially secure in our retirement.

It is a basic requirement for a worry free retirement.

So, take inspiration from what others have achieved but we must have our own plan which means doing what we are capable of doing.

There is no point in emulating or trying to emulate what others have done if it is going to cause us distress.

If others are faster in achieving a common goal, congratulate them and we simply soldier on.






I am very pleased to share this message from a reader:

Reader says...
2 years ago, in my early 30s, after reading your wonderful blog, i decided to just pump in 10k into my CPF SA, never mind there is tax relief for the first 7k only.

I do it because i have a bit of spare cash, and to enjoy more interest that ah gong will be giving me.

Never mind about the tax relief (because i dont earn a lot so i dont need to pay much tax in the first place).

Heartfelt thanks to you, AK.

You deserve the praises and appreciations that we readers are giving! 🙂

Keep up the good work AK.

So rare to find someone like you, so rich in love for all of us strangers by sharing your "secrets". Kudos!






The aim is always to become financially stronger over time.

The aim is not to be the fastest in our cohort to become financially stronger.

The important thing is to make personal progress.

Trying to hit the FRS in our CPF-SA is basically trying to save money for our retirement.

That is the purpose of the CPF-SA.





Like depositing coins in a piggy bank when we were kids, every contribution to our CPF-SA, big or small, adds up.

It will take time for us to hit the FRS.

Some of us will need more time than others.

Financial freedom is not a race and neither is meeting the FRS.







Related post:
FRS in CPF-SA at age 30?