CPF Accounts Value Thread 2020

[Okenba]

I have a conservative risk appetite. I don't think property speculation is for me.

As for a home to stay, my current plan is to stay with my parents till they pass on, then stay till the HDB lease is over and then buy a 2-room flat.

Of course, this plan is subject to changes in the future.

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Sure. I respect that. It's good that you have a plan and even better that you're carrying it out.

 

[crimsontactics]

Sure. I respect that. It's good that you have a plan and even better that you're carrying it out.

I'm just lucky Bro Okenba...

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[dork32]

conservative can bet and win 17k in casino?

this is more like a pure gambler

 

[crimsontactics]

conservative can bet and win 17k in casino?

this is more like a pure gambler

I was lucky Bro dork32.

Nothing to do with risk appetite.


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[JuniorLion]

On track
44 years old

Anyone can do better than this at age 44?

 

[doody_]

Anyone can do better than this at age 44?

Reach 44 then say lor...

 

[dork32]

like i said before, if this guy has a fully paid property and this sort of cpf, he is very strong.

if he just stay in parents home, then there is nothing outstanding.

 

[malthead]

like i said before, if this guy has a fully paid property and this sort of cpf, he is very strong.

if he just stay in parents home, then there is nothing outstanding.

Fair point

 

[JuniorLion]

Sour grapes?

 

[dork32]

i would have much more than him if i included the home withdrawal and accrued interest.

after property deduction, mine is less

 

[bossjiaksai]

actually if he doesn't use it for property, 700k+ at age 44 is also very strong isn't it? He can potentially break 1m in CPF before 50.

Assuming he starts work at 24, which means 20 years of contributions. Excluding interests, it would still mean he still maxes out his annual limit almost every year.

Or is there any other way to accumulate huge amounts of CPF reserves?

 

[hwmook]

actually if he doesn't use it for property, 700k+ at age 44 is also very strong isn't it? He can potentially break 1m in CPF before 50.

Assuming he starts work at 24, which means 20 years of contributions. Excluding interests, it would still mean he still maxes out his annual limit almost every year.

Or is there any other way to accumulate huge amounts of CPF reserves?

Of course you cannot exclude the interests, it's a very sizable amount.

I just look at my own projection tables, I will also have this amount at 44 if include the OA amount I withdrawn for housing so it's not a unreachable figure. 1M in CPF before 50 is also doable base on my projection. Just don't use OA for property.

 

[doody_]

actually if he doesn't use it for property, 700k+ at age 44 is also very strong isn't it? He can potentially break 1m in CPF before 50.

Assuming he starts work at 24, which means 20 years of contributions. Excluding interests, it would still mean he still maxes out his annual limit almost every year.

Or is there any other way to accumulate huge amounts of CPF reserves?

Assuming the lowest 2.5% interest for all contributions, someone who works 20 years with annual CPF contribution of $37,740 will have 988k in total CPF contributions, including interest.

 

[dork32]

Of course you cannot exclude the interests, it's a very sizable amount.

I just look at my own projection tables, I will also have this amount at 44 if include the OA amount I withdrawn for housing so it's not a unreachable figure. 1M in CPF before 50 is also doable base on my projection. Just don't use OA for property.

even if you have used oa for property, you can still calculate by adding the withdrawal and accrued interest.

 

[dork32]

as of today,

i have
220k oa
230k sa
60k ma
350k on property (+accrued interest)

i have never done any topups or transfer. i am a few years above 44.

if i sell my property today and stay with my mom, i will be way above this guy.

you wanna haolian, look at kenny first. i am impressed by wat he has.

 

[dork32]

to be fair malthead did not haolian.

it is lion that is impressed with his achievement.

 

[kehyi4]

i thought the whole point of this thread was to haolian?

 

[malthead]

to be fair malthead did not haolian.

it is lion that is impressed with his achievement.

Thank you.

Who dares to haolian when Kenny is the undisputed champion?

Anyway the reason for posting was mainly to share cpf is a effective vehicle for retirement planning if used wisely, contrary to many naysayers.

And you right in saying that it itself doesn't paint the whole picture for financial health when it doesn't account for housing. Your balance is impressive despite using a chunk for housing. Unfortunately not many will be achieve that with housing prices a lot higher now compared to when we bought our homes.

 

[henrylbh]

i thought the whole point of this thread was to haolian?

To end of Dec 2019, my total CPF interest earned from beginning is 412,148.83 But with my present balance in CPF, I can't even haolian

 

[starlight318]

Anyone can do better than this at age 44?

If I did not use OA for property, I probably would also have this amount at 44. So yes agree that if he already paid off property then v strong