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A Systematic Approach: How Dimensional’s Global Targeted Value Selects
Stocks
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The Dimensional Global Targeted Value is one of the funds that are
available for investment if you have an adviser that can recommend
Dimensional funds. ...
4 hours ago
our understanding of cash flow is different.
ReplyDeletebut i agree with the message.
bo pian. he says he talking to himself.
so those who follow and regret, can they hold him responsible?
or they believe him that anyone "talking to himself" out loud with a loud hailer is absolved from responsibility?
or should they hold themselves to blame and "regret/repent"?
At 55, if you leave the minimum, Minimum Sum in the RA you can withdraw the excess. This would increase cash flow right?
ReplyDeleteBetter hope PAP don't forget and raise minimum sum and draw-down age
DeleteYou are correct. Once you are vested at 55 (ie after meeting your minimum sum for your cohort year) you can withdraw whatever excess from your OA, SA, MA, CPFIS. If you retire and remain unemployed, you can request for multiple withdrawals from CPF depending on your needs, just like treating it like your personal Saving Account. It has absolutely nothing to do with the possibility of PAP forgetting and raising your minimum sum at DDA. Once you meet your minimum sum at age 55 for your cohort year, it stays at that sum.
DeleteThis comment has been removed by the author.
DeleteAfter i set aside the min sum in my RA, i can't withdraw the remaining amt in my OA and SA if i am still working after 55 ?
DeleteOf course you can; but; many of my peers choose Don't Return Our CPF. LOL!
DeleteIt is more of CPF SA and RA policy risk and shifting goal posts for younger CPF members in their 20s to 40s. So far, Govt only touch CPF SA and CPF RA and leaves CPF OA intact.
Those in 50s should be safer as PAP has just won and don't be that stupid to shift the goal post for those who are in their 50s. These folks will Tua tulan! For the younger ones; time will heal their pain and people tend to have short memories.
Does anyone in their 40s now feel the frustration of shifting goal post 55 --> 60, 60 --> 62, 62 --> 65, may be 65 --> 67 soon?
exactly.
Deletethat aside, if you have your own retirement fund in cash, the cpf provides a good discretionary expenses provision. they give you pocket money from a pool that grows at 7% p.a. (i last checked in July over the CPF counter in robinson road when they introduced the new changes)
take note that 7% is not oa sa or ma hor. lol
Nope they will not forget. MS will be $191K before I reach 55 in 2020.
ReplyDeleteI am also against topping up SA using cash due to increasing payout eligibility age. The tax incentive is good but not a compelling factor. On the other hand, i may consider transferring excess funds from OA to SA after fully paying for my flat. Unlike cash top up to SA, transfers from OA to SA is not locked into the CPF life. Once we meet the basic requirement sum at age 55, such transfers (with interest earned)can be withdrawn once every year.
ReplyDeleteQuestion to seriously ask ourselves.
DeleteDo we want to excel in our investing skills and we will do whatever to take us there?
If yes; we need to think, think, think.
There is big difference between compounded interest and positive compounded investment gains. CPF SA is still a saving scheme. Saving is not same as Investing.
Same same but different. How many folks still confuse buying bonds e.g. SSB as investing?
DeleteEven some investment bloggers called SSB as investment. :-)
Better to think whether we have other sources of liquidity e.g. stocks or property from XX to 67 to fund our future living then it is okay to top up CPF SA as part of asset allocation; otherwise it is still better to think properly as it is one way traffic with no U turn till 65 as of now.
DeleteCW8888,
ReplyDeleteQuestion: Why do we want to excel in our investing skill? To get a trophy or certificate of Grand Investing Master? or to reach our investment goal? If its the latter, then 条条大路通罗马，or 黑猫白猫，能捉老鼠就是好猫。
I agree with the view: Make sure your cash flow is not affected before you do a top up into this one way street.
Can don't want to excel by doing passive investing e.g. DCA on STI ETF or follow the Law of Large Number investing e.g. 1XX number of different stocks with periodic re-balancing.
Delete