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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Friday, 7 April 2017

CPF DPS Also Expired!!!


Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)


 Important milestone in our life journey in Singapore; even CPF Ah Gong did the right thing by terminating DPS at 60. Above 60; the premium rises steeply! Every 5 years band; the premium rises even faster. 

 Scary!



How come Whole Life policy is still paying the same premium way beyond 60?

 Why arh?

 Are you aware of guarantee and non-guarantee part of whole life policy?

 Think why there is non-guarantee part?

Posted by Createwealth8888 at 17:46
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1 comment:

  1. Singapore Man of Leisure8 April 2017 at 08:11:00 GMT+8

    CW,

    Saw the letter from NTUC advising me how much they will deduct my CPF for DPS next month.

    I didn't sweat the small stuffs until I completely forgotten to cancel it together with my private wholelife and term insurance policies...

    Premiums too cheap.


    You are right. The DPS premiums jumped a bit once I hit the age 50 band. Finally my radar noticed it.

    Will write to NTUC to cancel my DPS. It has outgrown its usefulness.

    ReplyDelete

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