Priority over liquid cash or cpf?

[culture_counter]

Is it better to have sufficient liquid cash for emergency funds rather than confine and restrict cash by topping into cpf ?

 

[wahkao3]

obviously liquid cash, no brainer

 

[Shion]

Sufficient liquid cash

Ever heard before people living in landed property but cash poor ?

 

[SBC]

Saw on Sunday Times today:

310 participants in webinar were advised to avoid the undesirable situation of being asset-rich but cash poor.

 

[Maeda_Toshiie]

Is it better to have sufficient liquid cash for emergency funds rather than confine and restrict cash by topping into cpf ?

Yes and no. If you want to retire in Singapore, compute how much you need to put in your CPF for the full sum, and then put that in and not more.

Sufficient liquid cash

Ever heard before people living in landed property but cash poor ?

Unfortunately, yes. However, those cases are somewhat different because those properties were bought decades ago where housing was cheap relative to salaries.

 

[Shion]

Unfortunately, yes. However, those cases are somewhat different because those properties were bought decades ago where housing was cheap relative to salaries.

Agreed with you, so maybe not a very good example I guess. Though I heard some of them refuse to give up their landed homes even when they are cash poor.

Anyway, liquidity is important, definitely.

 

[doody_]

Emergency fund is number 1 in priority. You need liquid cash

 

[kenpachi82]

Cpf cannot be used even if u have terminal illness and left with 3 months. Can't pay for a final vacation if u don't have cash.

Sent from Pluto using GAGT

 

[Maeda_Toshiie]

Agreed with you, so maybe not a very good example I guess. Though I heard some of them refuse to give up their landed homes even when they are cash poor.

Anyway, liquidity is important, definitely.

I can empathize with them. Private landed property has a level of privacy that you don't get even in condominiums, let alone HDB flats. I've visited all three types so I've gotten a feel of the differences. On top of that, those old folks have probably been living there for 30-40 years. Sentiments make it difficult to part.

 

[Mr.Canberra]

Cpf cannot be used even if u have terminal illness and left with 3 months. Can't pay for a final vacation if u don't have cash.

Yes what a joke right? Cannot even use own money to buy coffin even.

Liquid cash for me any time. My cash holdings generating returns of at least 4% p.a. or more. Why should I lock my money inside CPF?

 

[culture_counter]

Liquid cash for me any time. My cash holdings generating returns of at least 4% p.a. or more. Why should I lock my money inside CPF?

Where can you generate a guaranteed 4% or more returns besides cpf sa ?

 

[orange_sky]

Depends which stage are you at

If you are still paying your mortgage please have spare cash available. If you have no more debts, then you can use your spare cash to top up your cpf

 

[microtek]

Liquid cash. Because in the event you lose your job, no matter how hard you beg the gahmen, your CPF money cant be used to buy food to feed yourself.

 

[SBC]

With a monthly mortgage of > 4k and > 80k in OA last year.
My SA will reach FRS very soon.

With this in mind, I transferred some OA to my SA to earn higher interest.

Knowing that I am without any saving policies about 4 years plus ago, I bought 2 such policies then to generate some cash for my kids education funds.

I also top up my SRS for the past 8 years or so. Can use this as another source of emergency funds, if warranted.

Think it is good to have some cash in mid life.

 

[mummy1234]

Definitely liquid cash for emergency use in case of sickness or retrenchments...

 

[doody_]

Yes what a joke right? Cannot even use own money to buy coffin even.

Liquid cash for me any time. My cash holdings generating returns of at least 4% p.a. or more. Why should I lock my money inside CPF?

Can, when you're dead. Your family members can take out 5k for your funeral expenses

 

[culture_counter]

Try to keep Liquid cash of how much versus cpf ?

 

[cscs3]

Yes what a joke right? Cannot even use own money to buy coffin even.

Liquid cash for me any time. My cash holdings generating returns of at least 4% p.a. or more. Why should I lock my money inside CPF?

1. Why not you check with CPF again?
2. Your 4% is capital protection?

 

[cscs3]

Liquid cash. Because in the event you lose your job, no matter how hard you beg the gahmen, your CPF money cant be used to buy food to feed yourself.

Think you need both.

 

[culture_counter]

Cash is King, correct?