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!

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Wednesday, 6 November 2019

I am on Retirement Sum Scheme (RSS) (2)


Some folks cpcb so Government has revised RSS for $10 more per month! 

 Ha Ha! LOL!

 $10

 Don't say Government never listen hor!


 Read? I am on Retirement Sum Scheme (RSS)


Posted by Createwealth8888 at 23:16
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3 comments:

  1. Spur7 November 2019 at 13:27:00 GMT+8

    Hmm I was surprised when I heard CPF had planned the RSS based on drawdown to 95?!? And now based on drawdown till 90??

    Tot all along it's based on 20 +/- years drawdown.

    Anyway, Uncle8888, this doesn't seem to affect you much LOL!

    ReplyDelete
  2. Createwealth88887 November 2019 at 20:44:00 GMT+8

    News is like this ....

    More than a third of Retirement Sum Scheme (RSS) members - some 60,000 people - currently receiving their monthly payouts will see an increase in payouts from next year following changes to the rules.

    Payouts through the RSS, the main Central Provident Fund (CPF) retirement payout scheme for members born before 1958, will be capped at age 90 instead of the current 95 from next year, Manpower Minister Josephine Teo announced in Parliament yesterday.

    increase in payouts = $10 per month.

    ReplyDelete

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