Another CPF supporter

[ctstalin]

I plan to top up my RA to ERS at 55 years old.

This allows me to get a payout of $3.8k from 70.

I want to keep around $1 mil in the other CPF accounts for emergency.

Good plan until something happen before you reach 70

 

[HelIoo]

Cpf is really good if you live long enough

 

[1982-1994]

So many go and do SA shielding before they turn 55. Can earn more interest instead of withdrawing it out.

I also thought of doing it then yearly take >$12k interest

 

[hachi]

No guarantee that the withdrawal age won't change.

But I also like cpf mainly because it can save tax payers some money from supporting people with bad money management.

Concur this... There are many who cannot wait to return cpf once they reach 55. Many elderly colleagues that cannot afford car, suddenly all driving conti and mpv at 55.

 

[coyote]

She achieved ERS that's why payout is over $2k. Great achievement.

Colleague is >55yo and she projected her payout to be $2+k
She said the CPF system is very good and she doesn't understand why are there so many naysayers
She does top up but never said how often she does it

She's confident gahmen would never change the policy or extend the withdrawal age for fear of citizens changing votes

Anyway she doesn't have much savings, but she felt happy upon looking at her CPF

View attachment 44368


I'm surprised she is savvy about CPF
She felt shiok every end of the year to receive the interests

But don't think she's an edmwer

Oh she mentioned the new cap limit of MA is $71500

 

[1982-1994]

Concur this... There are many who cannot wait to return cpf once they reach 55. Many elderly colleagues that cannot afford car, suddenly all driving conti and mpv at 55.

Return CPF means what?

 

[hachi]

I also thought of doing it then yearly take >$12k interest

Yes... Actually if you include brs... 2k a month... Same as ers but you got the flexibility...

 

[hachi]

Return CPF means what?

Buying rubbish and return to govt as another form when you live half a decade and manage money like a kid.

 

[1982-1994]

She achieved ERS that's why payout is over $2k. Great achievement.

She's has been topping up to her RA

 

[page||]

Our long term investments is satki one

Satki is use loudhailer when make some profit.. but keep quiet when loss head heart leg arm family …

 

[1982-1994]

Buying rubbish and return to govt as another form when you live half a decade and manage money like a kid.

Never heard of it

 

[1982-1994]

Yes... Actually if you include brs... 2k a month... Same as ers but you got the flexibility...

Huh
If I shield SA, where got so much

 

[hachi]

Never heard of it

There was once where you can take out alot until govt implemented cpf life... And many go batam or buy luxury things where they cannot afford and within few years wasted all.

You want to get to know them... Visit your 2 rm studio apartments. Alot residing there... Always asking for assistance.

 

[hachi]

Huh
If I shield SA, where got so much

With your yearly interests.. Of course...

 

[buttbERry]

song song earn interest

 

[Jeremy1]

Actually not only I said, my tour manager also told us that time our CPF is a good system as comparing to Europe countries.

 

[andyhtc]

Good plan until something happen before you reach 70

I'm also concerned.

I have been cutting down on meat and exercising a bit more.

Hope to hang around until 80+...

 

[qhong61]

Told my boomer uncle to trsf all or 3/4 of his ord balance acct to his RA. 4% better than 2.5%

Ur uncle ur problem?

 

[thyler_koh]

Seriously . Who approves this really deserved to be sacked . Either the approval is too lazy to check or simply no brain .

 

[andyhtc]

There was once where you can take out alot until govt implemented cpf life... And many go batam or buy luxury things where they cannot afford and within few years wasted all.

You want to get to know them... Visit your 2 rm studio apartments. Alot residing there... Always asking for assistance.

I heard a lot of stories of elderly guys getting cheated in Chinatown.

Some lost their CPF and HDBs.