As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

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???



20 comments:

  1. 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. 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. This only on plan.

    Baring any serious/major health problem minor no sweat, I don't see why U need to spenddown so much.

    ReplyDelete
    Replies
    1. Ants are like that. Planning and sometime too much

      Delete
  3. But my wife still have CPFIS.

    AND i don't think it is necessary to close down and withdraw all money from CPF unless Banks FD is much more higher than 2.5 % OA's rate.

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

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

      Delete
  5. 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
  6. i never like CPF Life too.

    But after delay until 67, i found CPF LIFE's monthly payment is higher than if i remain on MSS.

    And it is for life.

    What do U think i did?

    But my wife remains on MSS got higher payment than CPF LIFE even delay until now.

    Even projection until 70 years old, compulsory withdrawal age, MSS still beats CPF LIFE.

    Why like that?

    i suppose CPF LIFE actuary's calculations base on statistics show woman lives much more longer than man.

    So my wife will definitely be on MSS comes 70 years old.

    Why like that?

    How many years different of living till sayonara between man & woman?

    ReplyDelete
    Replies
    1. MSS is neutral as is taking back own money

      Delete
    2. Ya!

      Have U checked like me monthly payment is higher than MSS at age 67 and for life.

      O. K. the bequest is gone by i think by 80.

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

      Delete
    4. Actually CPF LIFE benefits people who are quite healthy at 65 to 70, and have parents and grandparents who all lived beyond 90+.

      Anyway CPF LIFE is open to us Medeka Generation until age 80.

      By that time i wonder what are the terms to join?

      Delete
  7. Replies
    1. MSS is Minimum Sum Scheme but not applicable anymore other than Merdeka geneation

      Delete
    2. According to statistics, woman lives 5 years longer than man.

      So woman on MSS will get higher monthly payout than on CPF LIFE.

      Delete

Related Posts with Thumbnails