CPF SA Door Is Always Wide Open For Me. I Went In Once But Then Close It After That One And Only Entry!
When looking for food at NEW place; and especially when he is less likely to visit that place again in the near future; Uncle8888 will prefer to join the food queue. The food queue is rarely wrong!
Eat liao and happily moves on!
But when it comes to personal investing and saving; strange thing happens. He is happy with 2.5% compound interests; but at 4% compound interests; he is not so happy!
Strange!
Again he is odd investment blogger in Singapore singing out of tune on retirement song!
Read? The Odd Investment Blogger In Singapore???
Read? One Uncommon Way To Top Up CPF OA Through CPFIS
Read? 1M65 CPF OA Possible Or Not???
Hi Uncle8888,
ReplyDeleteNowadays seem like nobody talks about CPFIS. Maybe most people max out their monthly OA for mortgage payments? Unlike my time when it was still possible to get 4-rm BTO for $160K (I know I know ... this amount is already a shocker compared to Uncle's time LOL!).
Today's crop of above average grads are also aiming for either larger HDB in so-called central locations (Bidadari, Kallang costing $500-$600+K for 5-rm BTO) or ECs or outright condos. Many also exceed BTO $12K household salary limit by the time they want to get hitched around 30-33. ;)
Thus most people max out their default CPF, and what is left is to play around with disposable cash --- save, invest, SRS, top up SA, or voluntary CPF top-up.
Although looking at the current problem of retirement inadequacy among the pioneer & merdeka generations (and even the post-independence generation) .... may have been better for most people to pay for mortgage using take-home cash, and save/top-up their CPF instead LOL!!
Govt solution to this problem is to earn more (up-skilling & re-skilling & change industry) and/or work longer (re-re-re-employment), Hohoho!
Some who are lucky can inherit properties from pioneer or merdeka generation in addition to their own. Huat arh!
ReplyDelete