As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Thursday, 10 May 2018

Unlocking SRS At 62 And Avoiding Being Taxed

Now Uncle8888 becomes low income earner  who doesn't have to pay any tax!

This Sep 2018 he will unlock his SRS and draws out $12K per year over the next few years to avoid paying any tax. 

That is the primary objective of SRS! Tax deduction! 

SRS will be his source of fixed income upon 62 and then RA upon 65.

$12K from SRS and $24K from CPF OA & SA

Fixed income for 2019 will be $36K!

He also into assets allocation! Hee hee!

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