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.
Think Investing as Tug of War - Read more? Click and scroll down
I will turn 65@2030. I plan to start off with $1m @55. Let the interest compound and draw down @65. What do you think?
ReplyDeleteGood idea. With fixed income as draw-down, we can sleep better through market and economic cycles and can also focus on investing with less emotional fear
DeleteAnts are like that. Planning and sometime too much
ReplyDeleteNot necessary to close cpfis as dividends from cpfis can be withdraw from cod is when necessary while earning 2.5% interest rate
ReplyDeleteCpf
ReplyDeleteI kaypo here...
ReplyDelete1. With fully paid flat and no more children tuition fee, why you need so much ($5K) for living expenses as compare recent benchmark of $1.38K or $2.76K for 2 pax?
lol
Lol. No need 5k
DeleteWithout owning a car, most senior citizens can survive decently with less than $5K. Re-schedule meal time and groceries for discount.
DeleteCongrats Uncle8888!
ReplyDeletePretty sure you already computed your CPF drawdown back in 2015! ;)
For your RA payout, it's based on MSS?
I suppose CPFLife (Basic plan) may be smaller amount, although it will be for life.
I go for MSS since I have option to choose
DeleteMSS is neutral as is taking back own money
ReplyDeleteWhat is MSS?
ReplyDeleteMSS is Minimum Sum Scheme but not applicable anymore other than Merdeka geneation
DeleteI didn't compare. Taking back own money is good enough
ReplyDeleteHi,
ReplyDeleteMay I ask, after age 55, if the member's cpf interest generated from OA & SA is withdrawn in December of each year as passive income while keeping the principal untouched, does it mean the compounding interest of cpf is being missed out ie, the principal will not grow in quantum.
Thanks
Withdrawal of interests from CPF can be part of our retirement income sources for retirees. One should let your CPF compounding as long as possible!
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