A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 week ago
Wah! Congrats! I can't imagine supporting 4 other people while saving 40% of my total income for 14 years. Hope I can achieve that next time!
ReplyDeleteI think current generation may find it hard to save much money in their mandatory CPF accounts due to high property price if using CPF to pay housing loan.
DeleteUnder statement???
ReplyDelete1. CPF contribution ~37 of income (including bonus). Part of it goes to housing, balance in OA/SA/RA/MA.
So, your 25% is excluding housing right?
Above 55, CPF contribution drops to 26%
Delete$5K cap on CPF contribution
Delete