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, 3 August 2016

An option of a CPF LIFE plan with escalating payouts

 
 
 
 
 
 
 
 






CW8888's Tap 1 is something similar to DIY escalating payouts from his CPF OA




Posted by Createwealth8888 at 18:36
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5 comments:

  1. Createwealth88884 August 2016 at 09:30:00 GMT+8

    Any CPF members with excess fund in their CPF OA can easily DIY their own version CPF Escalating at anytime after 65 and any amounts per annum.

    Guess too many CPF members bo chap and rather leave it to Cheng Hoo but cow peh cow boo.

    Come come. Show how to DIY for coffee at ToastBox. LOL!


    ReplyDelete
  2. Singapore Man of Leisure4 August 2016 at 09:43:00 GMT+8

    temperament,

    Can't remember where I read it, but I think if we live beyond 85 we "benefit".

    If we go sell salted eggs before 85, then we are subsidising those with longer lives than us.


    It's the reverse of Life insurance. Those with long lives are subsidising those who go sell salted eggs early.


    Just take a look at the obituaries page. Perhaps its selective perception. I see quite a lot go around 65-70. Retire and go?

    So like the Hokkiens say, "Mai tu liao!"

    Want to eat, eat.

    Want to do, do!

    Don't wait till after 65 then you start living ;)

    ReplyDelete
  3. Createwealth88884 August 2016 at 21:08:00 GMT+8

    When we start asking the Professionals for advice. How can they suggest simple advice to overcome pressing issue?

    Must sound like coming out from insider domain skills or knowledge. :-)

    ReplyDelete
  4. Singapore Man of Leisure5 August 2016 at 11:28:00 GMT+8

    temperament,

    Old ginger spicy ;)

    ReplyDelete
  5. Createwealth88885 August 2016 at 22:59:00 GMT+8

    Old ginger more than just spicy. It can remove Wind. Blow away Wind! :-)

    ReplyDelete

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