How retiree in Singapore saved over $1.6m in her CPF

[firebrand83]

Sounds like those crypto stories, except this is use old people instead of yuppies

 

[cheongmanz]

 

[ramlee]

another gead spoiling propaganda s hit


Read HWZ Forum Rules!

Post the article in the ‘CPF interest coming tonight’ thread and see it triggers another 2.0 pages of discussion

 

[ramlee]

how is this impressive? If she have invested in property 20-40 years ago, it give more annual return then this. Instead of putting money back in she should have buy more property. My enjoyment is alcohol and travelling while she enjoys looking at her CPF statement. Different people different poison i guess.

Most probably she has property already. She mentioned housing loan refund

 

[ramlee]

She is Ashley Wu?

Her auntie

 

[Fizzical]

1.6mil that is unusable = punching numbers on a spreadsheet and look at it to feel good only.

Anytime i also can punch numbers into spreadsheet ~

So salty. She don't need to use that 1.6mil at one go and yet she can feel rich.

Don't be jealous lah you are incapable.

 

[ramlee]

Haha this is exactly what no-lifers will end up. Just enjoy looking at bank account and CPF but didn't enjoy in life. Many edwmers here are on track to this.

Not me

I have no marnee to start with

 

[ramlee]

members with 1 million balance technically no need subscribe to CPF Life scheme the interest is more than FRS monthly disbursement

But to pap, every cent that they are not in control of ish in the wrong place

 

[LoaGong12]

whats the point having 1.6mil at 67yo

cant enjoy most things liao

Why not? There are super fit ppl at that age

 

[0o0cash0o0]

so much money but cannot use. Not like she can use the money in afterlife.

 

[ramlee]

only boomers get to enjoy these

While all we can do ish envy

 

[ramlee]

Why not? There are super fit ppl at that age

Like LHL?

 

[inmyopinion]

Most probably she has property already. She mentioned housing loan refund

The section on “refund home loan to CPF “ and other sections , is advice for members.

The person who wrote this article used “Janet” as an example to inform every one out there that it is possible to accumulate or have such high numbers in CPF accounts.

Then continue to advise everyone that there r other options one can consider using his/her CPF.

 

[inmyopinion]

Some are probably salty and some are just asking a question or suggesting that “Janet” should enjoy life while she can.

Many are just making guesses because the article didn’t tell much. There is no right or wrong answers here, whether she has more money in her bank compared to what she has in CPF and Vice versa .

Topics on CPF always end up with heated arguments. Just take it easy. Easier said than done but that’s life.


Let me side track a bit. A story to tell. There is this widow (her name is not Janet). Her net worth is $8 mil. She has only a son and she is already 70+.

Money to her is not an issue at all.

Her only son wants to marry one ATB and asked her mother for a loan to buy an apartment.

The mother is worried the ATB going to scam his son and she suggested to her son to use her and his CPF together for that apartment. Means mother + son’s name.

Of course the son TL & buay song. He left her mom, married the ATB and never went back. She fell down and need to go for check up , cannot drive, and needs to call her friend for help.

The mom could have easily loan or give her son $1 mil and if ATB cheats her son, or the son doesn’t want to visit her, the damage is only $1 mil. She still has $7 mil and she’s in her 70s.
Now she lost a son. Will she regret? No one knows. Only this woman knows herself. We can only speculate and start guessing.

CNY next week.

 

[orwell76]

But to pap, every cent that they are not in control of ish in the wrong place

But auntie no need to touch principal the annual interest already more than the monthly FRS disbursement wor

 

[elf108]

Auntie enjoy login app to see and feel rich.

 

[ramlee]

But auntie no need to touch principal the annual interest already more than the monthly FRS disbursement wor

When there are more and more like auntie next time, guess what your pap will do the FRS amount and/or the payout?

they can let us field rich, but NOT be rich

 

[ramlee]

Auntie enjoy login app to see and feel rich.

Auntie knows got all or not? Maybe she ghost cpf building every month to check

 

[orwell76]

When there are more and more like auntie next time, guess what your pap will do the FRS amount and/or the payout?

they can let us field rich, but NOT be rich

dunno say leh