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Can anyone explain after 55, how much i can back from CPF?

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Old 12-07-2018, 11:44 AM   #31
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what do you think? nothing’s for free.
Don't joke lah.

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Old 12-07-2018, 11:46 AM   #32
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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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All the while u r hibernating is it? Now only you realize ah? Those who buy cars now will suffer when they reach 56 yr old to 64 yr old... unless they have enough passive income to support them when they reach that age..
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Old 12-07-2018, 11:47 AM   #33
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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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U get higher interest during that period then on 65 will payout to u monthly

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Old 12-07-2018, 12:00 PM   #34
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All the while u r hibernating is it? Now only you realize ah? Those who buy cars now will suffer when they reach 56 yr old to 64 yr old... unless they have enough passive income to support them when they reach that age..
Not so if your monthly income is very high. Everything is relative.
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Old 12-07-2018, 12:03 PM   #35
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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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Yea la
Govt expect you to continue working until 65

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Old 12-07-2018, 12:07 PM   #36
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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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You get nothing from 55 to 64

But if you want to die, die before you hit 65. At least your beneficiary will get a portion (but don't know how much) of the $181k. If you die after 65, what they get depends on the life plan you selected.
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Old 12-07-2018, 12:19 PM   #37
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This is interesting thread I also wana know the answer
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Old 12-07-2018, 12:25 PM   #38
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You get nothing from 55 to 64


But if you want to die, die before you hit 65. At least your beneficiary will get a portion (but don't know how much) of the $181k. If you die after 65, what they get depends on the life plan you selected.
You cannot control when you die.

The scariest thing is living TOO long and ran out of retirement savings
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Old 12-07-2018, 12:26 PM   #39
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All the while u r hibernating is it? Now only you realize ah? Those who buy cars now will suffer when they reach 56 yr old to 64 yr old... unless they have enough passive income to support them when they reach that age..
56 to 64 can collect cardboards to exercise
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Old 12-07-2018, 12:29 PM   #40
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The minimum sum is forever increasing, by the time u reach 55 could be 300k unless u are now close to 55yo.
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Old 12-07-2018, 12:29 PM   #41
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You get nothing from 55 to 64

But if you want to die, die before you hit 65. At least your beneficiary will get a portion (but don't know how much) of the $181k. If you die after 65, what they get depends on the life plan you selected.
Die before 65 lagi simple, the whole CPF balance including medisave will be paid out

Actually CPF life unused premium that is refunded upon death not difficult to calculate
Basically is just the total amount that was put in, minus the total monthly payout received till date

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Old 12-07-2018, 12:30 PM   #42
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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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Correct. Retirement age is after 65 years old, projected to raise again, and minimum sum is to be reviewed again too.

So from 55 to 65, u better have saving or suck thumb and continue working.

Btw, many people couldn't meet the minimum sum at 55 years old. They used their CPF to pay for housing loan and their children education.

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Old 12-07-2018, 12:31 PM   #43
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Nothing.
So true....

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Old 12-07-2018, 12:32 PM   #44
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Nowadays no one employs 50 year olds riao. Yet garmen keep increase withdrawal age knn. How to survive when old.
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Old 12-07-2018, 12:34 PM   #45
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They didn't even discuss how to get hire when you reach 45 years old and above..In Parliament

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