For Those Senior CPF Member Still On RSS To Make Lemonade Out Of This Lemon!

Read? No More Withdrawing Your Earned Interests From CPF SA And CPF OA. CPF Has Changed The Rule in 2022 To Deplete Your CPF SA . No More 4% Bond Like Income!

LOL! Uncle8888 has already done CPF SA to CPF RA transfer after publishing the post on buay song CPF shifting Goal posts.  Now, it also makes more sense to withdraw $2K CPF OA earned interests on monthly basis starting from Jan 2023 instead of lump sum withdrawal of 11/12 months of interests earned since 2017.

Spur22 February 2022 at 23:13:00 GMT+8

Uncle8888,

U are in better position than most to make lemonade out of this lemon.

Since most of your interest comes from OA and you're starting RSS payouts soon, one solution can be to transfer your SA to RA and let it be amortized via the 25 year payouts. You'll still be getting the 4% interest plus the extra 1% and 2%.

Then every Jan, just withdraw the credited OA interest. Or you can withdraw smaller sums, every couple months or so, thus allowing more interest to be earned. Since the RSS payouts are already larger.

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I was initially thinking whether can use SA shielding to preserve the SA.

i.e. shield the SA, then withdraw OA interest, then unshield the SA, do all in Jan.

But I think the $40K CPFIS-SA threshold still applies even if 55+ and already meet the retirement sum?

Cest la vie! Shit happens! 🤣