EX-ex-Boss asked Uncle8888 for advice on his CPF OA as he is reaching 55 this year. (Think should be soon or year end). Should he take out all CPF OA balance to invest and close his CPFIS account? You know in the corporate world when Bosses asked for something. We don't know never mind; but we must google for some reasonable answer or solution for them. LOL! So Uncle8888 suggested (when working we can't advise our bosses) to him to leave CPF OA balance there and not to close his CPFIS as it can be used as war chest which is earning reasonable 2.5% return while waiting for market to come down more. His CPF OA can serve as his asset allocation of 2.5% Bond for fixed income and War Chest. Uncle8888 told him that he will prepare some slides for him later. All those images in the 12 slides sent to him are already seen in this blog except for this new slide to answer his question.
This action from his ex-boss is encouraging as it is a good sign that he has arrived at his level of competency in financial literacy even boss recognized it. :-)
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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