TM Retirement Gio

[JuniorLion]

There's also NTUC Guaranteed Life Annuity.

 

[tangent314]

I got another separate calculation at 3.98%. Very close to 4%.

Sorry, found an error in my calculations. Redid it with monthly payouts and got 4.00%
Calculations here: https://goo.gl/ipi1pQ

 

[mSnooze]

You can consider NTUC Guaranteed Life Annuity or Aviva MyRetirementChoice, both gives you higher guaranteed portion of payout if you are more concern about guaranteed.

 

[tangent314]

There's also NTUC Guaranteed Life Annuity.

I got bored so I calculated XIRR for this also. Since it's a life annuity, your actually XIRR will depend on when you die. This assumes that the total (guaranteed + non guaranteed) payout increase linearly as suggested in the illustration.

https://goo.gl/FvY7bp

 

[henrylbh]

I got bored so I calculated XIRR for this also. Since it's a life annuity, your actually XIRR will depend on when you die.

https://goo.gl/FvY7bp

Why not calculate the payout on CPF Life Standard vs Basic ending at 100yo based on FRS of 171k at 55 with the given payout at 65 and bequest?

 

[tangent314]

Why not calculate the payout on CPF Life Standard vs Basic ending at 100yo based on FRS of 171k at 55 with the given payout at 65 and bequest?

Here you go: https://goo.gl/6M8R6R

Because the bequest is simply a principle guarantee, the XIRR is simply 0. If you see an XIRR < 0%, the actual XIRR will be 0% after bequest.

EDIT: Ugh, forgot that the principle guaranteed is based on the RA amount at age 65, not age 55, so the actual XIRR will be more than 0% where a bequest is involved. It's going to be hard to get this calculated into the spreadsheet, I will try to work it out.

EDIT2: Bequest calculation for Standard and Escalating Plan, and their corresponding XIRR, should be correct. Basic Plan bequest and XIRR is wrong, the bequest seems to be using a different formula that I haven't figured out yet.


Interestingly, because of the way the bequests works, the XIRR goes down from age 65 until the bequests run out at age 79 (standard) or 80 (escalating), then starts going back up

 

[JuniorLion]

You can consider NTUC Guaranteed Life Annuity or Aviva MyRetirementChoice, both gives you higher guaranteed portion of payout if you are more concern about guaranteed.

Higher guaranteed means lower non-guaranteed. In general, if one chooses a lower guaranteed, it gives leeway for the plan to pay out higher non-guarantee.

 

[JuniorLion]

unless they can beat 4% .. otherwise there is no use for pte annuity.

Yes and no.

Once you max out ERS, you have to go private if you want more.

 

[aarontansp]

You can consider NTUC Guaranteed Life Annuity or Aviva MyRetirementChoice, both gives you higher guaranteed portion of payout if you are more concern about guaranteed.

If he wants a death benefit for his family while receiving fixed monthly income - Aviva Myretirement Plus will be a great choice. When you don't need the monthly payout when the time comes, you can choose to reinvest back.

 

[sanzhu]

Ntuc shares will outpwrform all

 

[sanzhu]

Higher guaranteed means lower non-guaranteed. In general, if one chooses a lower guaranteed, it gives leeway for the plan to pay out higher non-guarantee.

Are u joking?

 

[henrylbh]

Ntuc shares will outpwrform all

You must be joking. I got 2262 NTUC Fairprice shares. They are going nowhere

 

[maple96]

You must be joking. I got 2262 NTUC Fairprice shares. They are going nowhere

ntuc shares can also refer to ntuc income shares!

 

[henrylbh]

ntuc shares can also refer to ntuc income shares!

Both also going nowhere. I also had NTUC Thrift shares. Lucky got back capital when liquidated eventually.

 

[maple96]

Both also going nowhere. I also had NTUC Thrift shares. Lucky got back capital when liquidated eventually.

ntuc income shares is 10 times fairprice, 10x 2262 u get more than 1300 pa for "life", at least 6%, less than 20 years capital back in pocket and still continue to get 6% and when u surrender get back another sum equivalent to initial capital!

 

[OngHuatHuat]

Actually any retirement plan available in the market should only be used to supplement cpf life, none of them able to beat cpf life.

 

[henrylbh]

ntuc income shares is 10 times fairprice, 10x 2262 u get more than 1300 pa for "life", at least 6%, less than 20 years capital back in pocket and still continue to get 6% and when u surrender get back another sum equivalent to initial capital!

Not 10x the quantity. The issue price was $10 per share for Income compared to $1 per share for Fairprice. So depend on how much shares you bought.

Both shares are paying good dividend. My original shares was 1000 and now 2262 because of bonus issues which they stopped long ago. That's why I said going nowhere.

 

[alt2015]

Yes and no.

Once you max out ERS, you have to go private if you want more.

Compare topping up from frs to ers, versus using the difference to buy tm gio plan, which is a better option?

 

[JuniorLion]

Compare topping up from frs to ers, versus using the difference to buy tm gio plan, which is a better option?

Topping up to ERS.

 

[alt2015]

Topping up to ERS.

Thks, but No withdrawal allowed from RA at age 65 right?