CPF interest coming tonight

[KnyghtRyder]

SA shielding:
The member is topping up the RA with cash which i mentioned in my post.
- $40K from SA + $20K from OA = $60K in RA
- If he/she is 55 this year, he/she needs to top up $153K to RA to meet FRS.
- If his/her cash is sitting in FD earning less interest, he/she can consider do this.
- Since he/she has met the FRS. When he/she liquidate the investment in SA, it will flow to OA.

VHR:
Looking at Orwell, he may do VHR first since he has like 7 yrs before he reaches 55.
So, he will build up his OA as much or as close to 1 mil as he mentioned.
Any shortfall, can be done by doing SA shielding.

Also, if you top up your RA after 55 using cash while your SA funds are shielded, when you unshield, the funds remain in RA since it is considered as topping up of RA.

If you do it before you are 55 then you are restricted by the FRS cap.

 

[inmyopinion]

Also, if you top up your RA after 55 using cash while your SA funds are shielded, when you unshield, the funds remain in RA since it is considered as topping up of RA.

If you do it before you are 55 then you are restricted by the FRS cap.

We dont know what will be his FRS.
Assuming FRS is 213K, only top up 153K using cash. This 153K cash will earn 4% interest.

Then when he unshield, the SA funds will flow to OA since he has met FRS using partial cash.

If his SA is 400K, additional 400K will flow to his OA.

 

[miyaki]

My wife.

How old is ur wife? 50s?

 

[KnyghtRyder]

We dont know what will be his FRS.
Assuming FRS is 213K, only top up 153K using cash. This 153K cash will earn 4% interest.

Then when he unshield, the SA funds will flow to OA since he has met FRS using partial cash.

If his SA is 400K, additional 400K will flow to his OA.

If you below 55 they count the funds that you shield. So you are still subject to FRS cap

 

[inmyopinion]

How old is ur wife? 50s?

50 this year.

 

[fandango]

My wife.

Your wife needs a son?

 

[fandango]

How come trendy to post wife's cpf account?

 

[ask_yip]

xiao liao

cpf millionaire is real

 

[luei74]

all the hiden tiger, dragon show hand liao....somemore female tiger, female dragon

 

[asymmetric]

Is the interest in today or tomorrow

 

[inmyopinion]

If you below 55 they count the funds that you shield. So you are still subject to FRS cap

Like what i have said, its like the previous shielding method except that now the SA is closed.
Last time, u earn 4% when u liquidate your SA investment
After the new rule, u no longer earns 4% in SA. You earn 2.5% in OA.

You already top up RA with cash (153K) + 20K (OA) + 40K (SA) to meet FRS.

When u liquidate your SA investment, the only place it goes is OA. It cant go to RA since you have met FRS

 

[inmyopinion]

How come trendy to post wife's cpf account?

Follow your 'friend'.

 

[inmyopinion]

So, 1 mil in OA is doable.
Can even meet ERS.

No need top up SA since young.

CPF is good for your retirement.

 

[Atrina_Boy]

Clock counting down...

 

[DragonFire]

The CPF shielders nowadays are turning to phattening RA nowadays while they can. The CPF Life annuity actually the best in its class for those with the cash to spare…

 

[reds1idingear]

Tiagong some pple got kungfu to get 7k mthly cpf life standard by topping up to yearly ers + defer to 70yo. Wonder what gurus here think about it

 

[inmyopinion]

Tiagong some pple got kungfu to get 7k mthly cpf life standard by topping up to yearly ers + defer to 70yo. Wonder what gurus here think about it

Yes. Every year u defer, your monthly payout will increase by up to 7%.

And you top up to prevailing ERS for each year.

That will be tok kong payout. Crazy payout per month as long as u live.

 

[KnyghtRyder]

Like what i have said, its like the previous shielding method except that now the SA is closed.
Last time, u earn 4% when u liquidate your SA investment
After the new rule, u no longer earns 4% in SA. You earn 2.5% in OA.

You already top up RA with cash (153K) + 20K (OA) + 40K (SA) to meet FRS.

When u liquidate your SA investment, the only place it goes is OA. It cant go to RA since you have met FRS

Is this before or after 55?

 

[inmyopinion]

Your wife needs a son?

I tell my wife i retire first. LOL.
She can continue to build her CPF funds.

 

[KnyghtRyder]

Tiagong some pple got kungfu to get 7k mthly cpf life standard by topping up to yearly ers + defer to 70yo. Wonder what gurus here think about it

Only works if you live long long life.