Too bad that Uncle8888 only started tracking his CPF SA starting from 2003; otherwise his data set will be more convincing. With only one top from CPF OA to CPF SA; his CPF SA has managed to achieve CAGR @ 7.6% from 2003 to 2010 in eight years.
How is this possible without any further top from CPF OA to CPF SA?
Do we forget that we have annual salary increment and every few years salary adjustment to market practice?
Some years we have larger bonuses and some years lesser.
We also have promotions that will lead to higher salary, higher annual increment, and higher bonuses.
All these higher and higher high will eventually add up.
In this way, our CPF SA will be compounding at more than 4% p.a!
If we are REALLY so scare of not meeting our CPF minimum; then the right and more effective way is to improve ourselves for career advancement so that we will have higher and higher CPF SA contributions over the years till 55.
CPF SA should be able to meet the minimum sum. Right?
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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