Read? Leveraged Annuity Plan As Additional Source Of Mini/Nano Retirement Income???
Loan rate is rising so banks should be making more money!
18 months of loan interests payment and another 18 months to go. Monthly annuity payout after loan interests starts from 37th month.
Let see when it will hit the projected rate of 2.5% before monthly payout!
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Uncle8888,
ReplyDeleteIf we get a recession in the next 12 months, no need to worry so much about interest rates lol.
From Singapore's past history, high rates mainly during high inflation period or financial crisis (e.g. AFC).
Usually these tend to be short, lasting at most 1-2 years.
Only during the 70s & first-half 80s then Singapore had prolonged high interest rates (same as rest of the world).
From your previous Ant calculations & my estimates, as long as interest doesn't stay above 3.6% for too long, the total XIRR should be better than CPF-OA.
Speaking of retirement annuities, just saw this misleading ST title: CPF payouts increased by 25% from 2019 to 2021, set to keep growing for future cohorts.
LOL!!!
CPF also into snake oil marketing. LOL!
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