As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"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

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Thursday, 10 December 2020

Why I Withdraw Interests From My CPF SA and OA Instead of Compounding it?























10 comments:

  1. A meticulous plan!

    Well done CW8888. Four years into retirement including one crisis year, and the plan is working out better than expected!! Congratulations.

    ReplyDelete
  2. CW,

    Eh? You didn't opt for CPF Life?

    Smart guy.

    Your CPF money is your CPF money ;)

    Then again, if I outlive you, you won't be subsidising my retirement...

    That's not cool :(

    ReplyDelete
    Replies
    1. Sorry. Your generation onwards . No choice. Your RA money is every CPF members money.

      Delete
    2. But i opt in leh.

      Though i have a choice.

      Don't why i am so stupid leh?

      Hey, don't why CPF Life pay me more monthly about 15 to 20 dollars than if i remain on CPF Life?

      And it is for life.

      So simple yet i suspect there is a catch somewhere where Pioneers like me has only primary maths, can't see where is the trap. i mean catch lah!

      Delete
  3. .... monthly 15 to 20 dollars more than if i remain in my MMS.

    AND THE BEST IS IT IS FOR LIFE.

    BUT MY MMS IS ALWAYS QUITE A LOT LESS IF SHE OPT IN TO CPF LIFE.

    WHY HUH?

    ReplyDelete
  4. BUT MY WIFE ON MMS IS QUITE A LOT LESS IF SHE OPTS FOR CPF LIFE.

    WHY LIKE THAT?

    ReplyDelete
  5. Uncle8888 withdraw CPF interests instead of compounding becoz that's the plan. Just follow plan! :)


    Those on CPF Life motivated to live long long. LOL!

    Maybe govt should reduce MOH budget & reduce subsidies for polyclinics & govt hospitals. šŸ˜¬

    Govt will be kicked out pretty fast if that happens. So no worries of reducing healthcare budget!

    But maybe more govt mandatory healthcare insurance plans to share the costs ... community care shield, intermediate care shield, advanced care shield, cancer care shield, stroke care shield, diabetes care shield, hypertension care shield, psycho care shield, lol.

    ReplyDelete
    Replies
    1. Walau! From Fine City to Shields City. LoL!

      Delete
    2. Ha. Ha.

      Even if U are motivated to live a long, long, life; DNA and environments counts too.

      For believers, He Who Is Up-stair Has The Final Say In Everything.

      Shalom

      Delete

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