retirement plan

[sashti90]

Valid point and I agree that CPF is good for older people with sufficient funds in CPF, but what if I dont have a lump sum or if I do not contribute CPF or if I do not have enough to hit min sum?

I am open to any retirement plan or annuity payments that can beat the CPF retirement payout. So far none!

Initially you mentioned "put in say $500/month for 15 years, let it accumulate for another 5 years, you can get back about $1,100/month for the next 15 years". That was a fair deal or may be better than CPF Life even without the non-guaranteed bonus.

 

[cscs3]

Valid point and I agree that CPF is good for older people with sufficient funds in CPF, but what if I dont have a lump sum or if I do not contribute CPF or if I do not have enough to hit min sum?

If you have cash to pay insurance. Then use this amount to top up CPF. You get good interest rate plus income tax "rebate".

Only down side for young is you may not be able to withdrawn cash at early age. But I do not think this is a problem. Use the intetest earned to pay your yearly CPF medical insurance.

Win win situation.

 

[Pandule]

Hmm. CPF is good if the goalpost doesn't **** again. Insurance returns not as high. But goalpost shouldn't shift( that's what I think)

If you have cash to pay insurance. Then use this amount to top up CPF. You get good interest rate plus income tax "rebate".

Only down side for young is you may not be able to withdrawn cash at early age. But I do not think this is a problem. Use the intetest earned to pay your yearly CPF medical insurance.

Win win situation.

 

[SBC]

CPF goalpost has to move for its stability and sustainability.

Current 5% could be finetunned to 3%.

 

[SBC]

Suggest to use multiple stream to make up 2k per month for retirement.
To target this from single plan or source is quite difficult, without careful planning.

To target 2k from multiple sources, it will be more achievable.

 

[sashti90]

Well said, I currently use dividends from stocks as part of my passive income.

I believe that more can be done to educate singaporeans on investing to create passive income. This would be more useful than to ask people to work into old age or save up more and use up their savings for retirement.

Suggest to use multiple stream to make up 2k per month for retirement.
To target this from single plan or source is quite difficult, without careful planning.

To target 2k from multiple sources, it will be more achievable.

 

[akwl88]

Well said, I currently use dividends from stocks as part of my passive income.

I believe that more can be done to educate singaporeans on investing to create passive income. This would be more useful than to ask people to work into old age or save up more and use up their savings for retirement.

Sashti vested in what counters?

 

[sashti90]

I am vested heavily in SG blue chips like OCBC, DBS, Keppel, Starhub which I picked up last year esp after the market correction in August-Sept. Also added on to my REIT portfolio that includes Sabana, First, Lippo. Average 4+% dividend yield.

Also have some oil etfs for capital appreciation. Hope oil prices go up!

How about u?

Sashti vested in what counters?