CPF Accounts Value thread

[kehyi4]

look at uncle kenny,

his interest on oa sa and ra is 3K per month. it means that if he withdraws just the interest of 3k, he can go on forever without depleting the principal. ( i know this is not possible because he has to withdraw from sa first)

..

RA interest cannot be withdrawn (btw MA interest also cannot withdraw). So Uncle K can only access his OA and SA interest

if he wanna withdraw OA+SA interest, he can do it in Dec, but that would only give him Jan-Nov interest (he can't do it in Jan because by then the interest would have been credited into his accounts). So, he can withdraw about 11/12 of what we see above, roughly 27.3k. Not bad :thumbs up:

 

[Jumpman23]

45 yrs old uncle here, did some SA transfer years back.

 

[Pyroxene]

1 million OA uncle is jin satki

I am a 36 yo BBFA staying with parents

OA: 236.7k
SA: 105.9k
MA: 54.5k

 

[Squaredot]

My interest.

Old uncle, got RA

Uncle Kenny,
How do u amass such wealth in your CPF account??

 

[OngHuatHuat]

1 million OA uncle is jin satki

I am a 36 yo BBFA staying with parents

OA: 236.7k
SA: 105.9k
MA: 54.5k

400 K in CPF at age 36 years old considered very strong already.

 

[SKenny]

Uncle Kenny,
How do u amass such wealth in your CPF account??

It would have be even higher, had I not retired when I was in my 40's.

PS: I try to make full use of the VC every year though..

 

[Pyroxene]

It would have be even higher, had I not retired when I was in my 40's.

PS: I try to make full use of the VC every year though..

How much VC do you dump inside your CPF each year (on average), and over how many years did you do this for?

 

[Squaredot]

It would have be even higher, had I not retired when I was in my 40's.

PS: I try to make full use of the VC every year though..

Well done!
I guess you are holding a high-paying job to VC max every year.
May i ask what are you doing after early retirement?

 

[SKenny]

Well done!
I guess you are holding a high-paying job to VC max every year.
May i ask what are you doing after early retirement?

After I retired, I just do whatever I want, whenever I want. It may sounds like a cliche but it is the truth.

Many of the thing that I choose to do, may appear to be boring or even useless to many people. The important to me is that these are the very things that I choose to do.

For example, in the initial months of retirement I continued to get up very early, before 6am (old habits). Over the next 1-2 hrs, I enjoyed having a nice hot coffee by myself while the world wake up. I just sat and enjoyed the coffee and nothing else. I don't even read the newspaper. It was blissful.

Sometime I will do the usual retirees stuff like traveling. Or spend time surfing EDMW doing my PCW.

 

[SKenny]

How much VC do you dump inside your CPF each year (on average), and over how many years did you do this for?

I try to maximise the VC up to the limit which is $37+k currently.

I only started my VC shortly after I retired.

 

[Pyroxene]

I try to maximise the VC up to the limit which is $37+k currently.

I only started my VC shortly after I retired.

I can't imagine putting in 37k cash into an account you can only start to access at the age of 55, every year...

Maybe 7k for the tax relief, but no more.

 

[Calthron]

Thanks for sharing. Really disciplined of you to be able to do this ...

I try to maximise the VC up to the limit which is $37+k currently.

I only started my VC shortly after I retired.

 

[Localborn]

Only the FRS amount is shifted into RA

Thanks for explaining! A lot more enlightening than the snarky non-replies

 

[crimsontactics]

27 years old this year.

Sent from . using GAGT

 

[iamveryguailan]

27 years old this year.

Sent from . using GAGT

U still haven’t work meh?

 

[klarklar]

27 years old this year.

Sent from . using GAGT

Impressive SA figures. It looks strange. Can ask you why zero OA despite impressive SA?

 

[OngHuatHuat]

Mine also the same.

Impressive SA figures. It looks strange. Can ask you why zero OA despite impressive SA?

 

[klarklar]

Mine also the same.

Even more impressive SA. Do you mind explaining the puzzle of your SA wealth?

 

[TabascoSauce]

Impressive SA figures. It looks strange. Can ask you why zero OA despite impressive SA?

If I rmb correctly, think he won the money from casino then pump everything into SA or something.

That’s y his OA and Ma are so Low.

 

[OngHuatHuat]

Even more impressive SA. Do you mind explaining the puzzle of your SA wealth?

OA transfer to SA to earn higher interest lor, no trick here.



End of this month will VC till max SA, then will reduce VC accordingly.