CPF Easy Info Thread. :)

[maple96]

Never say never

Goodluck to u, looks like your critic below applies to u

It takes two to tango. One likes to poke and the other like to be poked

I will not use "schoolboy argument" like the one below to attack u

Your reply as usual. Come on, continue to poke, as if i mind. The more u reply (poke, in your own word), the more it shows your character. Recommend you to step back and take a look at how you have replied (whine) recently.

 

[maple96]

Another way, age 55 and above.

RA at FRS, 176k: 60k at 5%, 116k at 4%
OA, 60k : 30k at 3.5%, 30k at 2.5%
SA, 176k : 60k at 5%, 116k at 4%
MA, 57.2k : 57.2k at 4%

Is the above assumption correct?

A simple question needs a simple answer!

Q: Is the above assumption correct?
A: No

At this stage, u cannot assume, u have to support with facts and mathematical formula! No opinions to debate.
And Uncle Henry already given u the facts: rules from CPF website

 

[henrylbh]

Goodluck to u, looks like your critic below applies to u



I will not use "schoolboy argument" like the one below to attack u

Good such thing as school boy argument? My time no such thing.

We agreed on place and time.

The last time almost half my whole class crossed the road to Ford Caning after school hours. There on top, the battle begun until a police passed by. The police shouted and we ignored and they got out of the car and run the hill for us. Stupid police running up the hill

 

[lifeafter41]

A simple question needs a simple answer!

Q: Is the above assumption correct?
A: No

At this stage, u cannot assume, u have to support with facts and mathematical formula! No opinions to debate.
And Uncle Henry already given u the facts: rules from CPF website

Lol..... uncle Henry.
I too, uncle already.

 

[maple96]

Lol..... uncle Henry.
I too, uncle already.

Ooops, different meaning, pls go check the dictionary.

(wait uncle dork32 whack me : this is not english debate )

 

[dork32]

Ooops, different meaning, pls go check the dictionary.

(wait uncle dork32 whack me : this is not english debate )

uncle dork did not whack your english. uncle dork english equally chui

 

[dork32]

The max interest per year is $900 on the combined balances.

isnt that what i am saying? when i wrote it, you say i am clouding the message.

anyway i still dont have ra. i am not as uncle as henry

 

[dork32]

You cloud the issue by saying where the interest goes to.

i am not clouding the issuing. this is a fact.

lets put it this way.

i have a savings account that gives 3.5% interest. i have 20k in the account today. how much will i have in the account 1 year later.

a primary school kid will tell you that the interest interest is 700 and you will have 20.7k after 1 year.

a cpf expert will tell you that you have 20.5k and and 200 in your special account.

 

[dork32]

the way of calculating interest was developed by yywin.

his method is the best. this is what i am using today

if i am 60 and i have

100k in my oa
100k in my sa
200k in my ra,

how much will have i have when i am 65
oa = 113k =FV(2.5%,5,0,100000)
sa = 121k =FV(4%,5,0,100000)
ra = 248k = =FV(4%,5,0,200000) + FV(4%,5,900,0)

you tell me with the stupid cpf way of calculation, you can develop a formula to calculate how much you have.

which is more important to know? the interest rate or the amount you have in your account

 

[henrylbh]

i am not clouding the issuing. this is a fact.

Never mind if you still can see what's amiss with your explanation ... just like the calculation in another post

https://forums.hardwarezone.com.sg/money-mind-210/should-move-oa-sa-cash-hdb-loan-6118868-2.html

 

[henrylbh]

the way of calculating interest was developed by yywin.

his method is the best. this is what i am using today

if i am 60 and i have

100k in my oa
100k in my sa
200k in my ra,

how much will have i have when i am 65
oa = 113k =FV(2.5%,5,0,100000)
sa = 121k =FV(4%,5,0,100000)
ra = 248k = =FV(4%,5,0,200000) + FV(4%,5,900,0)

you tell me with the stupid cpf way of calculation, you can develop a formula to calculate how much you have.

which is more important to know? the interest rate or the amount you have in your account

Not difficult to develop a formula to calculate, though I am not good at maths. What stupid cpf way of calculation?

I believe with excel if conditions, it can work out the amount. Otherwise, it would be a nightmare to calculate the interest manually for each member's accounts (over 3 million members?) which can be as many as OA, SA, MA, RA and life premium according to the conditions and sequence laid they set.

 

[dork32]

Never mind if you still can see what's amiss with your explanation ... just like the calculation in another post

https://forums.hardwarezone.com.sg/money-mind-210/should-move-oa-sa-cash-hdb-loan-6118868-2.html

there is nothing wrong. many of these calculations were many with assumptions. i have already assumed the case.

 

[dork32]

Not difficult to develop a formula to calculate, though I am not good at maths. What stupid cpf way of calculation?

I believe with excel if conditions, it can work out the amount. Otherwise, it would be a nightmare to calculate the interest manually for each member's accounts (over 3 million members?) which can be as many as OA, SA, MA, RA and life premium according to the conditions and sequence laid they set.

there is no need for excel. it is very cumbersome. you end up with a whole page of working just to do a simple calculation, where a simple financial function will do.

 

[henrylbh]

there is nothing wrong. many of these calculations were many with assumptions. i have already assumed the case.

In that calculation, it was not about assumptions. Something more salient than assumptions Go back that thread and think again what have you left out which is not due to assumption.

 

[henrylbh]

you tell me with the stupid cpf way of calculation, you can develop a formula to calculate how much you have.

there is no need for excel. it is very cumbersome. you end up with a whole page of working just to do a simple calculation, where a simple financial function will do.

First I assume you faulting stupid cpf way of calculation.

Secondly, I assume you are asking whether can develop a formula to calculate how much you have.

Then you say simple financial function will do

May be I assume wrongly and said that it's not difficult to solve stupid cpf way of calculation.

 

[Merg91]

Wah, cpf is not easy.
Even the experts do not agree on calculations.

 

[dork32]

First I assume you faulting stupid cpf way of calculation.

Secondly, I assume you are asking whether can develop a formula to calculate how much you have.

Then you say simple financial function will do

May be I assume wrongly and said that it's not difficult to solve stupid cpf way of calculation.

wat i have is a very simplified case.

it is just a very good estimate on the effects of the interest.

notice that there is no contributions. there is also no ma overflow effect. the calculation is complex. we use our brains to help simplify it.

 

[dork32]

In that calculation, it was not about assumptions. Something more salient than assumptions Go back that thread and think again what have you left out which is not due to assumption.

if you are not going to counter my calculations directly, you just have to accept that it is ok

 

[lifeafter41]

the way of calculating interest was developed by yywin.

his method is the best. this is what i am using today

if i am 60 and i have

100k in my oa
100k in my sa
200k in my ra,

how much will have i have when i am 65
oa = 113k =FV(2.5%,5,0,100000)
sa = 121k =FV(4%,5,0,100000)
ra = 248k = =FV(4%,5,0,200000) + FV(4%,5,900,0)

you tell me with the stupid cpf way of calculation, you can develop a formula to calculate how much you have.

which is more important to know? the interest rate or the amount you have in your account

Would it be possible to request from CPFB to reduce the payout at age 65, upon reaching age 65, to match the interest received, thus hereby maintaining g the principal as bequest for family.

Of course, the 10-20% deduction from RA into CPF Lifepool would be pretty much forgone.....

 

[henrylbh]

Would it be possible to request from CPFB to reduce the payout at age 65, upon reaching age 65, to match the interest received, thus hereby maintaining g the principal as bequest for family.

Of course, the 10-20% deduction from RA into CPF Lifepool would be pretty much forgone.....

If CPF acts logically or consistently, I doubt you get just draw interest and leave principal amount intact. They have reasons for default payout at age 70.