Discussn : Anyone here already achieved FRS $213K or ERS $426K ?

[8zaoyu]

it’s possible to buy more than one hdb?

Don't say "buy", cannot even inherit a HDB IF you already own a HDB, have to decide which one to keep if eligible to keep only.

 

[8zaoyu]

Die , HDB rental price seem to drop already.. dead..

Possible, too many rooms on rental.

 

[Elfblade]

50yo like this can ?

18-Apr-25
OA	$251,764.00
SA	$258,778.00
Medisave	$73,799.00

Yesh, Ish Keyi but how come your MA not at the max of $75,500 leh?

 

[8zaoyu]

Is it necessary to have spouse achieve BRS or FRS? Pro and con ?

Spouse may or not die same time and different medical expenses if say drag long long then die.
How much each needs/can draw down upon or >65 yo? BRS does not mean gets the LEAST CPF draw-downs BUT may mean that fellow has one/multiple rooms to rent out for passive income.
It boils down to a person earning passive income if not earning active income.
A karang-guni man last time digs bins and sells at "Kek-Seng Kio" even sells to indonesia/anywhere buying 2nd Hand Used goods ???
Now the tariffs so high to import, SG residents so rich, can start buying "as good as new goods" from each other.
Even our HDB flats are "as good as new", even old estates got new foodstalls springing up, need not keep buying new house especially when retired

 

[songboh9696]

Anyone on SRS also ?

 

[artncraft]

Good to depend on a few sources of income (e.g. rental, dividend, insurance payout, SRS, and fixed deposit interest) rather than solely from CPF Life.

 

[focus1974]

If someone dumps all OA saving into property…Their OA CPF will be always like empty…so not easy to reach FRS.

that's the correct way to use your CPF OA!

 

[mastermember]

Quite easy to hit FRS.... Minimise use of CPF can liao.

Minimise use plus proceeds from sale of BTO with mall capital appreciation helps

 

[Hyruga]

Me jialat. Haven't reach brs.

 

[fandango]

Me jialat. Haven't reach brs.

Why????

 

[snowblaze]

35yo, 239k in SA

Wow. I ten years older but not even half of SA. Youngster nowadays really very good.

 

[shodan99]

Bth. To those who say in yr 2025 frs is not 213k.

Tats not the main pt, total missed. Main pt is if at younger age like 40 and u touch frs, u no need to contribute liao cos the sa interest would take this 213k to whatever the frs is when u yurn 55. So for 15 yrs u can pause ur contribution n put elsewhere and it will snowball bigger. Ie on ur way to ers.

Hope henceforth nobody talk abt frs amt being different once reached early.

You mean can control the allocation percentage between the 3 accounts? I far as I know, cannot be changed. I also hit frs but still contributing to SA

 

[sAVaGEmP5]

You mean can control the allocation percentage between the 3 accounts? I far as I know, cannot be changed. I also hit frs but still contributing to SA

no im just saying that if u have hit FRS at 2025 for ppl age 55 this year, by this trajectory u likely hit that amount when u hit 55yo the required FRS, just based on interests alone, with some top up. So if u can continue topping up at a good enough rate, likely can hit ERS by the time u are at ur 55yo.

 

[win_man]

OA: 343,845 (incl. housing loan and investment)
SA: $202,673
MA: $74,109

Total: $620,627

 

[Jeremy1]

How many more years to 65?

7 more years

 

[The_Davis]

7 more years

4 more years to SRS!

 

[buttbERry]

20k edmwer should be fast

 

[Jeremy1]

4 more years to SRS!

I no SRS

 

[The_Davis]

I no SRS

Wah then really need to eat ownself for 7 years

 

[SBC]

Age 53

OA: 20k
SA: 317k
MA: 75.5k

had used 400k plus for mortgage & investment