Sounds like a FT retiree
Yes, plain water is best for health. I also carry a bottle of water from home when I go Jalan Jalan. Best of all it’s almost free. Haha.Sounds like a FT retiree
Invest in a thermo flask and bring our own hot beverage or carry our own water bottle out which I always do.
Plain water is free and most importantly healthier and helps me to cut down unnecessary sugar/caffeine intake.
Eeeks, not happy to get lesser payouts, interests for others also not happy, how? Just follow what the CPF can do for you lor, OA max all into housing (can 2nd time BTO whether up or down-grade). RA all out into maximum self payouts. Some folks do not have bequests to think about, if got interests given to ‘pool’, think of it as donation but you never know could be for long life women who are ill but just cannot die. If got bequests like ‘special needs’ dependents or so much younger spouse, choose BASIC lor. If critical ill, can actually take out all the cpf with the doctor’s memo to cpfb under ‘withdrawal due to medical reasons’
Go use CPF Life estimator. You will be surprised to note the big difference. Note deadline to switch to CPFL
Thanks.
So miserable payout. Especially considering that it will only be for a few years, or about a dozen years if long life.
The CPF LIFE enrollment deadline is age 79 years 11 months. The CPF Board needs at least one full month before the member’s 80th birthday.
The CPF LIFE Standard Plan guarantees a minimum payout to the member and her CPF nominee(s) of at least the principal. It also guarantees monthly payouts for life, however long that lasts.
At her age of 79 with 250k, there is hardly any need to join CPFL unless she can live beyond 100. In fact, it looks like she has not commenced drawdown and can continue to do so to let her RA keep growing
Growing for what
it does not matter what plan you are on. the nok will get the balance of the cpf when you die. wat matters is how fast the balance depletes
She is better off than those with CPFL starting payout at 65 now. She is now 79 and has 250k and the amount is growing as she has not started drawdown, longevity risk is also non-existence. It seems to me, her RA is more for bequest than payout for the time being. If she decided to start drawdown down the road, the amount is more than enough for her to keep redepositing into RA for longevity if that is a real concern by 90 years old and expecting to live well beyond 100 years.
Sounds like Lorna Tan's father, she used her dad's RA as an investment under RSS, no need to drawdown cos he is well supported by other finances, topup more and let it grow. But now, with rising interest rates, is it worth to continue to topup? Would it be better to drawdown and reinvest at a higher than 4% rate?
