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



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Sunday 3 March 2019

CPF Shifting Goal Posts. Did Merdeka Generation See It Coming???


Read? The Credibility a Stage Lends You

Quote : 

Naturally, his talk on CPF’s structural risk was also woefully inadequate. If he had been a Financial Advisor, he would be penalized or sacked. I’ve written on it a couple of times, like this one. 


CW8888:

Hmm ... What if Mr 1M65 is in the Merdeka Generation and he was shouting loud and clear on his 1M55 movement to those Merdeka peers who were in their 20s and 30s to top up their CPF to reach 1M55 and retire at 55 as millionaires. 

Remember those days in 1970s and 1980s; the official retirement age for Merdeka generation was 55 and CPF withdrawal at 55!

20 years later, those Merdeka generation folks who have listen to Mr 1M55 movement would scream or f.. him instead of thanking him big time!


Shifting CPF Goal Posts for Merdeka generation from 55 to 60 to 62 to 65!

Did Merdeka generation see it coming? NO? Right?

In those days in 1970s, Mr 1M55 might be shouting loud and clear ......

Top up your CPF to earn risk free 6.5% and let 8th wonder of the world compounding interests help you to reach 1M55! 

Top up liao. Mai tan!

See for yourself what happen after that!

Why like that?

Walan!

Did Merdeka generation tio screwed? No?

Government policies can change!

Government can also change in the future too!

Remember this Hokkien phase .. Kiang Jiu Jo, Mai Ge Kiang which means smart can already but don't  act to be too smart!

Hmm ...  Luckily, Mr 1M65 is not in Merdeka generation for his 1M55 movement!








4 comments:

  1. Hi Uncle8888,

    I'm quite confident it will be 1M67 soon. But at least it sounds much better than from 1M55 to 1M65. 😛

    Well, supporters will point out that you're still able to withdraw excess SA and OA after 55. Or continue to use CPF as high-yield bank to earn higher interests. 😉

    I think the big shock to current generations is when can only take out after 65, or maybe cannot take out at all -- all go to CPF Life. 😱 kekekeke!

    ReplyDelete
    Replies
    1. Lucky generation only sees one small goal post shifted. Not sure about future. 1SDB?

      Delete
  2. Don't screw up our CPFIS and console ourselves it is okay with your quoted thinking

    ReplyDelete
  3. Profits in CPFIS are locked and compounding at 2.5% wonderfully till 55. Wah. That is power of compounding. Follow Warren Buffet Rule. Never lose money

    ReplyDelete

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