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

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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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Monday 11 December 2017

Turning 55 - and enjoying financial freedom (7)

Read? Turning 55 - and enjoying financial freedom (6)


We can withdraw our MONTHLY accumulated interests from Jan to Nov in CPF SA first; and then followed by CPF OA in the month of Dec!


  1. How about the interest earned in OA and SA for mth of Dec 17 ? Can withdraw in Jan 18 ?

  2. temperament,

    Greedy yield hog you!

    You were thinking of interest on interest right?

    Luckily you remembered!

    Big daddy and me would wish for more greedy yield hogs who enthusiatically let their annual $20K interests compound till infinity nirvana!

    Only cashflow in; never out ;)

    Even better if they had chosen the default CPF Life plan!

    I can see CW taking the $20K to blow it on makan trips to JB, romantic getaways with his darling to Taiwan, Korea :)

    See? No need to collect frequent flyer miles some more!

    If CW is naughty, he can even write blog posts on his "free" travel excursions - all paid for by big daddy!


    Wait, let me double-check... Is it better to spend more to get "free" stuffs, or to earn more to get "free" stuffs?

  3. Yup yup, this is the tactic used by many retirees for many years liao (those that have enough & don't want to touch the capital in OA & SA). I got an uncle who started using this slightly over 10 yrs ago.

    CPFB still using old-fashioned policies of the 1980s .... monthly interest computations based on lowest balance of previous month. I guess they're still running the ancient Cobol mainframe batch programs that my uni classmates used to maintain in the 1990s (written in the 80s by our seniors!!).

    Imagine if CPF calculates daily interest .... there will be thousands of retirees lining up at CPF Branches on New Year's Eve to withdraw their 364 days worth of interest!! Hahaha!!

    With today's computers, CPFB can also do daily or monthly crediting & compounding of interests. But that would mean no more ability to withdraw lumpsum accumulated interest .... if want to withdraw anything from CPF, it will be direct from SA account then followed by OA account!! Hohoho!!!

    1. Monthly accrued interests can be withdrawn; but monthly interest credited will become principal for compounding.

      May be we need accountant or auditor to explain in laymen term. ha ha

  4. Question at 55, can you continue to top up SA when it falls below the mandatory limit

  5. Just to share a conversation that I had with CPFB:

    Q: If I wish to withdraw the interest earned from my OA and SA from Jan to Dec of the year, please advise what I should do. Thanks.

    A: If you would like to withdraw the interest earned from January to December 2017, you can apply to withdraw in January 2018. For your information, CPF interest earned in the preceding year will be credited to members' CPF accounts by the 4th working day in January.

    1. :-)

      You didn't state specifically leaving principal in CPF SA and CPF OA untouched. Pls try again

    2. What will happen if I state that ? Please enlighten. Thanks!

    3. The counter staff who processed my request is clear of my intention is not to touch any principal in CPF SA.

      Her reply when I said this:

      Uncle8888 told her next month he will come again to withdraw interests for Dec 2017. She replied that he can't withdraw any interests next month as in Jan 2018. All interests in CPF for 2017 will be credited and become principal in Jan 2018.

    4. If we have zero balance in CPF SA then no issue. LOL!

    5. I see. Look at it this way - This means interest earned in OA and SA for Dec 17 are compounded for 2018. This means that when you withdraw the interest in OA & SA earned b/w Jan 18 to Nov 18, it will be higher than $23,000. Take it as an escalating annuity plan from CPF. Console ownself. LOL!

    6. By retaining every Dec interest for compounding; it will have an escalating factor of 0.2% per year for interests withdrawal. Tiny consolation


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