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

[mgx-alander]

Moi mid 30s SA abt 180k.. OA 120k no hse yet but shld be able to hit with SA after buying house if someone willing to marry me

No cash top up but i kept moving my oa to sa on a 1:2 ratio every year

 

[chongquan82]

Vote for pap

Don't disturb moi retirement plans

Cpf ftw

 

[Bumperbee88]

Already max up ERS liao. CPF already 2 million +

 

[tfkmueh]

Still have to worry if you are out of job before 65yo. Can only take some at age 55.

sorry i dont understand, can enlighten me?

on what is the worry?

 

[Mephist0pheLes]

I am turning 40 soon and wondering if anyone here managed to reach either the CPF Full Retirement Sum (FRS) $213K or better still Enhanced Retirement Sum (ERS) $426K before you reach 55yo ?

Can share ? Thanks ya.

PS : I'm asking coz I run my own biz. Though Medisave contribution is compulsory by CPF, FRS or ERS contribution is own time own target.

35yo, 239k in SA

 

[grevq80o]

achieve FRS this year at 38 but OA is $0 HAHAHAHA transfer all to reach FRS
no cash topup

No wonder SA so much $. Good for u

 

[aeng]

If up lorry at 64yo then withdraw zero $.

Then your nominees get all of your CPF $ cos no withdrawals made and not enrolled into CPF Life yet.

 

[aeng]

how and when can topup to ERS?

4k per month, + my boon keng 4rm rental 4k. go retire in thailand or jb, woon woon jiak tom yum

when you're min 65, then you decide which plan to sub to, basic, std or escalating, n how much you want to put (BRS, FRS, or anything between FRS and ERS)

 

[pohw0008]

If transfer oa to sa will reach frs..

 

[bombshell]

After inherit parents $ sure can la.

 

[belmont_a]

Achieve FRS by combining both OA and SA amount when I was 40yrs old.

I on/off got top up since 25yrs old and been doing 6-month T-Bill and 1 yr SSB since 35yrs old Avg 3% return every maturity.

When COVID hit, moved most of my OA to SA. IMHO is a mistake as I am planning to buy another HDB, now not much in OA to reduce cash component of a HDB house down-payment.

it’s possible to buy more than one hdb?

 

[standarture]

Already max up ERS liao. CPF already 2 million +

Wah, you start working when you 15 years old ah?

 

[Bumperbee88]

Wah, you start working when you 15 years old ah?

How can 15. After Uni, already 23. Start working @ 24.

 

[antonpoh]

No need to worry If u have FRS amount in SA now, it will grow with the yearly increment.

Have you think about the young generation who just start working at aro 23yo. How are they going to catch up with the FRS when they hit 55yo.

 

[Phongchi]

I am not convinced of ERS. If I need to tie up another 250k (ers calculation for 55yo in 2029), and I collect abt 4k (ERS) when 65yo, I rather leave that extra 250k beside me as liquid cash. 250k divided by 20 years (by then I will be 85yo) is 12.5k annual and I can spend abt 1k mthly. Frs give me ABT 1.6k plus that liquid 1k is about 2.6k liao.

So... I am not willing to tie up my 250k into ers. And my calculation is with interest on my 250k yet.

 

[mata_hippo]

38 this yr

234 in sa
78 in oa

stay in a loser hdb

 

[Lifetime warranty]

Mine is hit by 40... As I not high earner.. so abit slow..

 

[Elfblade]

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

Not really, I bought a HDB using OA, pumped in voluntary contribution of max amount for tax deductible every year. My SA alone will hit FRS in another 2 years time, no need to include amount from OA.

 

[crimsontactics]

Moi mid 30s SA abt 180k.. OA 120k no hse yet but shld be able to hit with SA after buying house if someone willing to marry me

No cash top up but i kept moving my oa to sa on a 1:2 ratio every year

Bro mgx-alander moi supported your unban!!!

 

[coyote]

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

FRS is OA+ SA. So long as with contribution, SA is to reach FRS, OA should be for property and should always be as low as possible.