Can you write to CPF Board for advice or you ask your favorite post 55 investment blogger?
Q : For CPFIS, it incurs custody fees, and technically the shares are not under my name. I thought it may be a better idea to move it to pay a one time transfer fee and move it to CDP? It's also better for bequest reasons I think. But I am thinking if you are thinking transferring the shares to CDP means closing the CPFIS account completely?
Uncle8888 didn't close his CPFIS after 55 as he likes to think that his CPFIS is a 2.5% compounding interests War Chest waiting for market crash!
Dividends NOT spent yet in bank account earns 0.5% in current low rate environment; but CPFIS earns 2.5% in CPF OA.
Uncle8888 withdraws his CPFIS dividends in the month of Dec every year after retirement in Sep 2016. Earning 2.5% is still much better than 0.5%. Multi-bagger gains. LOL!
Let hear what other post 55 readers' view on their CPFIS here!
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