CPF Easy Info Thread. :)

[dork32]

Is this a safe UT?

https://www.eastspring.com/sg/funds/fund-prices/all-funds/funddetails?isincode=SG9999007454&fundname=Eastspring%20Investments%20Unit%20Trusts%20-%20Singapore%20Select%20Bond%20Fund%20Class%20-%20A

problem with ut is that there is offer bid spread. for your case, it is 3%. for some it is 5%. also there may be sales charges.

you add them all up, you may incur a substantial charge. it defeats the purpose of shielding.

 

[maple96]

GE is coming? One opposition party promised withdrawal of CPF at 55. So “dollarsandsense” posted an article this morning “do u want CPF returned at 55, I want CPF Life payout at 65”.

I interpret Opposition promise as give people the option to withdraw all at 55.

His debate is useless cos u can already start your CPF Life payout at 65, and he is comparing to forcing u to withdraw at 55 (useless comparison)

1. I want to stop CPFB from transferring all my SA to RA. I want the option to transfer monies from OA to RA first! Why only give the option to the rich who know the hack and know how to hack?

2. I want the option to join CPF Life or RSS, dun force me to join CPF Life.

What do u want?

 

[intime]

GE is coming? One opposition party promised withdrawal of CPF at 55. So “dollarsandsense” posted an article this morning “do u want CPF returned at 55, I want CPF Life payout at 65”.

I interpret Opposition promise as give people the option to withdraw all at 55.

His debate is useless cos u can already start your CPF Life payout at 65, and he is comparing to forcing u to withdraw at 55 (useless comparison)

1. I want to stop CPFB from transferring all my SA to RA. I want the option to transfer monies from OA to RA first! Why only give the option to the rich who know the hack and know how to hack?

2. I want the option to join CPF Life or RSS, dun force me to join CPF Life.

What do u want?

If that happens, that party better come up with a sustainable social safety net for the financial needy. If not, all our children and grand children will be paying for it.

 

[dork32]

2. I want the option to join CPF Life or RSS, dun force me to join CPF Life.

What do u want?

the problem of rss is that ra will run out one day.

i want a super ers rate which allows 5xbrs on the rss
with this 5x brs, i want the payout to be just the interest amount. in this way, i will have enough payout throughout my life, and i will confirm a bequest for my kids.

 

[Value.Matrix]

the problem of rss is that ra will run out one day.

i want a super ers rate which allows 5xbrs on the rss
with this 5x brs, i want the payout to be just the interest amount. in this way, i will have enough payout throughout my life, and i will confirm a bequest for my kids.

I am on the fence for this 1...

RSS gives you all your interest. So whether you drawdown your capital or not, there are ways to pre-empt this.

(1) RSTU into the RA. This preserves some value of the RA, even if they force you to draw the same. Fair isn't it?

(2) Because 4% interest is less money for the government compare to 2.5%, they would only want to sponsor you just enough.... its not a fund manager to help you grow and preserve your wealth.

(3) Your bequest prolly should come from BHS / medisave if you ask me. Coz this money is locked up, and the use more restricted than RA after 65.

 

[henrylbh]

the problem of rss is that ra will run out one day.

i want a super ers rate which allows 5xbrs on the rss
with this 5x brs, i want the payout to be just the interest amount. in this way, i will have enough payout throughout my life, and i will confirm a bequest for my kids.

I am not obsessed with bequest. I want a plan that will finish all my RA by around 90

Only bequest would be my HDB flat (and may be MA, if not exhausted by premiums) Or may be another property.

 

[henrylbh]

If that happens, that party better come up with a sustainable social safety net for the financial needy. If not, all our children and grand children will be paying for it.

The founder should have started opposition party earlier, not when he is disqualified from standing election for president. Worst reputation, if he were to let LHY join in.

 

[maple96]

The founder should have started opposition party earlier, not when he is disqualified from standing election for president. Worst reputation, if he were to let LHY join in.

I think u got the wrong party. But I will not vote him even he join, "sikuikia like han chien" cos it is like voting against the founding father

I dun think need to debate or worry about CPF withdrawal at 55, they very unlikely can win majority

 

[BBCWatcher]

i want a super ers rate which allows 5xbrs on the rss
with this 5x brs, i want the payout to be just the interest amount. in this way, i will have enough payout throughout my life, and i will confirm a bequest for my kids.

That formula would be more expensive for the government, and thus it'd require reducing program costs elsewhere. What program costs do you propose cutting in order to fund your desired formula? Do you recommend reducing or eliminating bonus interest, for example?

Your bequest prolly should come from BHS / medisave if you ask me. Coz this money is locked up, and the use more restricted than RA after 65.

Yes, you're exactly right. If you're trying to use CPF to deliver a particular bequest, MediSave should be top of your list. CPF LIFE works best to defend a particular bequest from other assets.

I am not obsessed with bequest....

CPF LIFE had a plan for you called the Income Plan, available through 2012. Unfortunately it wasn't too popular, so we've now got more expensive longevity insurance because all three surviving payout plans have declining residuals. The declining residuals aren't free, of course, and even CPF members who have nobody they care to nominate to receive a possible residual are still obliged to pay for one. If you're looking for a reasonable criticism of the current payout plan lineup, there you go, that's one.

 

[henrylbh]

I am not obsessed with bequest....

CPF LIFE had a plan for you called the Income Plan, available through 2012. Unfortunately it wasn't too popular, so we've now got more expensive longevity insurance because all three surviving payout plans have declining residuals. The declining residuals aren't free, of course, and even CPF members who have nobody they care to nominate to receive a possible residual are still obliged to pay for one. If you're looking for a reasonable criticism of the current payout plan lineup, there you go, that's one.

Why you like go out of point or cite irrelevant issue?

 

[maple96]

CPF LIFE had a plan for you called the Income Plan, available through 2012. Unfortunately it wasn't too popular, so we've now got more expensive longevity insurance because all three surviving payout plans have declining residuals. The declining residuals aren't free, of course, and even CPF members who have nobody they care to nominate to receive a possible residual are still obliged to pay for one. If you're looking for a reasonable criticism of the current payout plan lineup, there you go, that's one.

Why you like go out of point or cite irrelevant issue?

He is talking rubbish to u, dun understand what u want

U are not obsessed with bequest (under RSS till 90) but he recommend u an Old/Phased out CPF LIfe Income Plan which makes u lose all your capital (CPF Life Premium = 100% RA) and interest if u die shortly after joining CPF Life. This is the worst CPF Life Plan with no refund feature! That's why it was scrapped

 

[woof]

problem with ut is that there is offer bid spread. for your case, it is 3%. for some it is 5%. also there may be sales charges.

you add them all up, you may incur a substantial charge. it defeats the purpose of shielding.

I did my CPF Shield earlier this year, and I used Fundsupermart (FSM) to buy "Nikko AM Shenton Short Term Bond SGD". For FSM, there's 0% sales charge for bond funds, and no platform fee for CPF funds.

It's also very convenient and fast - my birthday was mid of the month, and I did the following:
7th: bought Nikko AM Shenton Short Term Bond SGD with CPF-SA (all - $40k)
mid: RA created - topped up RA to ERS from CPF-OA, withdraw the rest of CPF-OA
22nd: sold all the Nikko AM funds

It was very convenient and it all worked very well - I even made $100++ from the FSM transaction and only lost 1 month of interest from CPF-SA - FSM transaction took only 2-3 days, so it was easy and smooth. No fees at all from FSM.

Thought I should give back by sharing this information

 

[a4973]

I did my CPF Shield earlier this year, and I used Fundsupermart (FSM) to buy "Nikko AM Shenton Short Term Bond SGD". For FSM, there's 0% sales charge for bond funds, and no platform fee for CPF funds.

It's also very convenient and fast - my birthday was mid of the month, and I did the following:
7th: bought Nikko AM Shenton Short Term Bond SGD with CPF-SA (all - $40k)
mid: RA created - topped up RA to ERS from CPF-OA, withdraw the rest of CPF-OA
22nd: sold all the Nikko AM funds

It was very convenient and it all worked very well - I even made $100++ from the FSM transaction and only lost 1 month of interest from CPF-SA - FSM transaction took only 2-3 days, so it was easy and smooth. No fees at all from FSM.

Thought I should give back by sharing this information

Interesting, any particular reason why that specific bond? Thanks

 

[henrylbh]

I did my CPF Shield earlier this year, and I used Fundsupermart (FSM) to buy "Nikko AM Shenton Short Term Bond SGD". For FSM, there's 0% sales charge for bond funds, and no platform fee for CPF funds.

It's also very convenient and fast - my birthday was mid of the month, and I did the following:
7th: bought Nikko AM Shenton Short Term Bond SGD with CPF-SA (all - $40k)
mid: RA created - topped up RA to ERS from CPF-OA, withdraw the rest of CPF-OA
22nd: sold all the Nikko AM funds

It was very convenient and it all worked very well - I even made $100++ from the FSM transaction and only lost 1 month of interest from CPF-SA - FSM transaction took only 2-3 days, so it was easy and smooth. No fees at all from FSM.

Thought I should give back by sharing this information

You did your CPF shield earlier this year? But in late Jul, you were wondering

Hmmm. If you believe in CPF life and want to top up the RA to ERS sum, would this SA shielding trick allow you to top up from CPF-OA, once RA is created?
And this would let you have an even bigger amount earning 4%, isn't it?

Would this work?

 

[highsulphur]

Still more than a decade till i hit 55. Fingers crossed on shielding doesn't change but not too hopeful

 

[ocs_woodlands]

Still more than a decade till i hit 55. Fingers crossed on shielding doesn't change but not too hopeful

At the rate this is being discussed and publicised, this lobang will be closed, just like HDB decoupling, before we reach there.....

The best you can probably hope for is that after RA is formed and sucked in money from SA is to remove the money from SA maybe on a bi annual basis and then withdraw from OA enough money to pay for 2 year expenses. This will allow your SA to continue to compound...

 

[lifeafter41]

I did my CPF Shield earlier this year, and I used Fundsupermart (FSM) to buy "Nikko AM Shenton Short Term Bond SGD". For FSM, there's 0% sales charge for bond funds, and no platform fee for CPF funds.

It's also very convenient and fast - my birthday was mid of the month, and I did the following:
7th: bought Nikko AM Shenton Short Term Bond SGD with CPF-SA (all - $40k)
mid: RA created - topped up RA to ERS from CPF-OA, withdraw the rest of CPF-OA
22nd: sold all the Nikko AM funds

It was very convenient and it all worked very well - I even made $100++ from the FSM transaction and only lost 1 month of interest from CPF-SA - FSM transaction took only 2-3 days, so it was easy and smooth. No fees at all from FSM.

Thought I should give back by sharing this information

Was wondering why did not top up using cash instead, to ERS.?

 

[dork32]

I am not obsessed with bequest. I want a plan that will finish all my RA by around 90

i am not very obsessed about bequest too.

what i have stated is a fair system. i dont have to depend on others with this system. it will ensure a payout for life.

if you finish your ra at 90 and you live till 105, who is going to feed you for the last 15 years

 

[dork32]

I am on the fence for this 1...

RSS gives you all your interest. So whether you drawdown your capital or not, there are ways to pre-empt this.

(1) RSTU into the RA. This preserves some value of the RA, even if they force you to draw the same. Fair isn't it?

(2) Because 4% interest is less money for the government compare to 2.5%, they would only want to sponsor you just enough.... its not a fund manager to help you grow and preserve your wealth.

(3) Your bequest prolly should come from BHS / medisave if you ask me. Coz this money is locked up, and the use more restricted than RA after 65.

at the rate that i am going, i am going to have that 5x brs when i retire.
i have more than 200k in my oa and more than 200k in my sa.

by the time i hit 55, i will have 350k in sa.
frs would probably be 200k when i hit 55.
if i do shielding, i will have 200k in ra, 310k in sa. brs is 100k. i have 5x brs earning 4%. whether garmen like it or not, they got to pay me the interest. withdrawing my interest from sa every month, together with the cpf life basic payout can last me forever and guarantee me a bequest for my kids.

whether cpf is designed for bequest or not is not important. i will try to skew it towards my purpose

 

[highsulphur]

at the rate that i am going, i am going to have that 5x brs when i retire.
i have more than 200k in my oa and more than 200k in my sa.

by the time i hit 55, i will have 350k in sa.
frs would probably be 200k when i hit 55.
if i do shielding, i will have 200k in ra, 310k in sa. brs is 100k. i have 5x brs earning 4%. whether garmen like it or not, they got to pay me the interest. withdrawing my interest from sa every month, together with the cpf life basic payout can last me forever guarantee me a bequest for my kids.

If things don't change by then....