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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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 14 April 2017

Why You Didn't Use Your Medisave???


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)


Today, Uncle8888 received a call from his medical insurance company asking why he didn't submit Medisave claim form.

 Insurance: Why you didn't submit your Medisave claim form?

 CW: Why do I need to submit Medisave form as I am paying total cash!

 Insurance: First 10% of medical bill is deducted from Medisave first and only 90% is reimbursed.

 CW: I know! No problem. I paid cash as I don't want to touch my Medisave now. I reserve my Medisave for future. Medisave is never enough when I grow older.

 Insurance: Oh yeah! Medisave is 4%. We will reimburse you $X,XXX on XXX (90% of bill)
Posted by Createwealth8888 at 21:56
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2 comments:

  1. Cheryl23 April 2017 at 13:03:00 GMT+8

    Curious, if you had private insurance. You wouldn't need to pay cash at all.

    ReplyDelete
  2. CreateWealth888823 April 2017 at 14:30:00 GMT+8

    It is private but co payment plan

    ReplyDelete

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