A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
the qn is. why and when did you do that first transfer?
ReplyDeleteLong long ago. Sometime, the more we spend our time reading and visiting forums, we will get influenced by good financial opinions and investment ideas.
Delete4% CAGR is definitely good enough for most people. Can Do!
Some people top-up their SA using cash.
ReplyDeleteBy doing so, they also save some tax money.
The CPF fund is monthly compute if i remember correctly. Another is SA can invest too but narrower. Appear includes ETFs which i think well cover the situation.
ReplyDeletehttp://mycpf.cpf.gov.sg/Members/CPFSchemes/CPFInvestmentScheme_and_SDS.htm
Why top up SA from OA and then invest?
ReplyDeleteIf want to invest should have done from OA.
Monthly? Don't think so.
From my RA, it is yearly. First $40K @ 5% and rest of RA @ 4%
RA is easily computed by hand. No change in initial amount. Direct compounding from Year 1.