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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Thursday 2 July 2020

Housing Loan And Accrued Interests Refund To CPF very near to 55


Read? Turning 55 - and enjoying financial freedom (2)

 If you are very near to 55 and currently have spare cash; but don't know where to invest; quickly go to the nearest CPF Branch office to do partial housing loan and accrued interests refund to CPF. 

 It is the best saving rate you ever find in Singapore now!

 mai tu liao!
Posted by Createwealth8888 at 21:26
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4 comments:

  1. Singapore Man of Leisure2 July 2020 at 22:54:00 GMT+8

    CW,

    I've discovered the communication breakdown in your "Turning 55 - and enjoying financial freedom (2) post ;)

    Avoid using the word "housing loan".

    To a not so high payscale counter staff, the logic is simple - no outstanding housing loan how to do partial repayment???

    Sir, have you taken your medicine this morning?


    That's why Straits Times used proper england:

    CASH REFUNDS FOR CPF SAVINGS USED FOR PROPERTY PURCHASES.


    :)


    ReplyDelete
    Replies
    1. CreateWealth88882 July 2020 at 23:14:00 GMT+8

      Wait for phase 3, I go and visit CPF branch again and test out

      Delete
  2. Spur3 July 2020 at 01:38:00 GMT+8

    Use online to avoid miscomm hoho.

    For those near 55 or above, make sure your cpf already got BRS or FRS. Else you'll wake up to find your money stuck inside RA lol.

    For those who got large housing subsidies --- if you're thinking of refunding CPF to stop the accruing interest .... note that you also have to refund the subsidies plus their accrued interest, on top of your actual used cpf plus accrued interest. So if you had collected $100,000 subsidies previously ... lol.

    ReplyDelete
    Replies
    1. Singapore Man of Leisure3 July 2020 at 09:44:00 GMT+8

      Spur,

      But, but online how to flirt with that pretty smile?

      Then again, sometimes very "suay"; got a "stick-knock-stick" counter staff :(

      Whole day moody.

      LOL!

      Delete

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