I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Wednesday 3 August 2016

An option of a CPF LIFE plan with escalating payouts

 
 
 
 
 
 
 
 






CW8888's Tap 1 is something similar to DIY escalating payouts from his CPF OA




5 comments:

  1. Any CPF members with excess fund in their CPF OA can easily DIY their own version CPF Escalating at anytime after 65 and any amounts per annum.

    Guess too many CPF members bo chap and rather leave it to Cheng Hoo but cow peh cow boo.

    Come come. Show how to DIY for coffee at ToastBox. LOL!


    ReplyDelete
  2. temperament,

    Can't remember where I read it, but I think if we live beyond 85 we "benefit".

    If we go sell salted eggs before 85, then we are subsidising those with longer lives than us.


    It's the reverse of Life insurance. Those with long lives are subsidising those who go sell salted eggs early.


    Just take a look at the obituaries page. Perhaps its selective perception. I see quite a lot go around 65-70. Retire and go?

    So like the Hokkiens say, "Mai tu liao!"

    Want to eat, eat.

    Want to do, do!

    Don't wait till after 65 then you start living ;)

    ReplyDelete
  3. When we start asking the Professionals for advice. How can they suggest simple advice to overcome pressing issue?

    Must sound like coming out from insider domain skills or knowledge. :-)

    ReplyDelete
  4. Old ginger more than just spicy. It can remove Wind. Blow away Wind! :-)

    ReplyDelete

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