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!

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Wednesday, 5 June 2019

I Can Depend On CPF For Passive Income Upon Reaching 65 In 2021 To 85 in 2041


Upon reaching 65 in Oct 2021; Uncle8888 can depend on his CPF for passive income with draw-down strategy to spend all his CPF money starting from $60K and factoring 2.5% yearly inflation to $100K in 2041 @ 85 years old.




























Read? 1M65 CPF OA Possible Or Not???



Posted by Createwealth8888 at 08:05
Labels:

16 comments:

  1. Siew Mun5 June 2019 at 08:53:00 GMT+8

    I will turn 65@2030. I plan to start off with $1m @55. Let the interest compound and draw down @65. What do you think?

    ReplyDelete
    Replies
    1. Createwealth88885 June 2019 at 09:17:00 GMT+8

      Good idea. With fixed income as draw-down, we can sleep better through market and economic cycles and can also focus on investing with less emotional fear

      Delete
  2. CreateWealth88885 June 2019 at 10:13:00 GMT+8

    Ants are like that. Planning and sometime too much

    ReplyDelete
  3. CreateWealth88885 June 2019 at 10:27:00 GMT+8

    Not necessary to close cpfis as dividends from cpfis can be withdraw from cod is when necessary while earning 2.5% interest rate

    ReplyDelete
  4. CreateWealth88885 June 2019 at 10:27:00 GMT+8

    Cpf

    ReplyDelete
  5. RayNg6 June 2019 at 11:37:00 GMT+8

    I kaypo here...

    1. With fully paid flat and no more children tuition fee, why you need so much ($5K) for living expenses as compare recent benchmark of $1.38K or $2.76K for 2 pax?

    lol

    ReplyDelete
    Replies
    1. CreateWealth88886 June 2019 at 13:15:00 GMT+8

      Lol. No need 5k

      Delete
    2. Createwealth88886 June 2019 at 19:39:00 GMT+8

      Without owning a car, most senior citizens can survive decently with less than $5K. Re-schedule meal time and groceries for discount.

      Delete
  6. Spur6 June 2019 at 12:47:00 GMT+8

    Congrats Uncle8888!

    Pretty sure you already computed your CPF drawdown back in 2015! ;)

    For your RA payout, it's based on MSS?

    I suppose CPFLife (Basic plan) may be smaller amount, although it will be for life.

    ReplyDelete
  7. CreateWealth88886 June 2019 at 16:35:00 GMT+8

    MSS is neutral as is taking back own money

    ReplyDelete
  8. Unknown6 June 2019 at 18:31:00 GMT+8

    What is MSS?

    ReplyDelete
    Replies
    1. Createwealth88886 June 2019 at 18:56:00 GMT+8

      MSS is Minimum Sum Scheme but not applicable anymore other than Merdeka geneation

      Delete
  9. Createwealth88886 June 2019 at 19:41:00 GMT+8

    I didn't compare. Taking back own money is good enough

    ReplyDelete
  10. Adrian10 December 2020 at 12:18:00 GMT+8

    Hi,

    May I ask, after age 55, if the member's cpf interest generated from OA & SA is withdrawn in December of each year as passive income while keeping the principal untouched, does it mean the compounding interest of cpf is being missed out ie, the principal will not grow in quantum.

    Thanks

    ReplyDelete
    Replies
    1. Createwealth888810 December 2020 at 19:25:00 GMT+8

      Withdrawal of interests from CPF can be part of our retirement income sources for retirees. One should let your CPF compounding as long as possible!

      Delete

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