Read? How I Accumulate $1M In CPF OA!
Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (10)
Uncle8888 did once to transfer from CPF OA to SA and then realized .. oh dear and better stopped it!
One and only once!
Luckily; at that time personal finance and investment bloggers DID NOT EXIST yet to cheer the power of additional 1.5% compounding interests in CPF SA to reach FRS as soon as possible to secure RA well in advance.
For his $1M in CPF OA; 53% or $528K was from mandatory CPF contributions as employees from Aug 1977 to Sep 2016. It took him 39 years up to age of 60 to accumulate this sum!
How many more years from 60 can he still work harder to accumulate the next $472K to reach that $1M mark?
But, now he can congratulate himself of that decision made to stop transferring CPF OA to SA since he had really made his mind to invest and then spent days and nights learning over decades to become one competent retail investor.
In investing; your account size really matters! - CW8888
Now, you may understand why he went for larger CPFIS war chest instead of larger CPF SA.