Our CPF MA has immediate use when necessary. It will NEVER be enough based on Uncle8888's personal experience with his older close relatives so it is right thing to top up our CPF MA. Never enough! This is only CPF account that Uncle8888 will advocate topping up. Other voluntarily topping up. Hmm .... case by case hor! Don't be seduced by social media loud voice. What good for some may be poison for some in later part of their life journey when sudden unplanned sharp needs for liquidity arises! Don't be caught in asset rich. cash poor before 55 and 65. Life sucks!
Uncle8888 has been doing monthly contribution of $50 to his CPF MA as self-employed and may be can qualify for Workfare next year.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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