tag:blogger.com,1999:blog-1602023866179666640.post3688519254967339384..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Turning 55 - and enjoying financial freedom (5)Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1602023866179666640.post-67895518072906710912017-03-12T19:37:52.236+08:002017-03-12T19:37:52.236+08:00I think I may have to go down to test our understa...I think I may have to go down to test our understanding again. LOL!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-29362172780187821222017-03-12T19:33:07.270+08:002017-03-12T19:33:07.270+08:00"She said if the interest in MA+Principle in ..."She said if the interest in MA+Principle in MA exceeded the "max limit", the excess will be transfered to OA month to month."<br /><br />This is news to me. i never knew this ... (if it is accurate)<br /><br />"Yes you can from the 2nd week of Jan. is the best because by then DEC's interest is in to."<br /><br />I think the CPF officer is advising withdrawing the interest AFTER it is credited into your principal. That means the condition "without touching my SA and OA" is not metkehyihttps://www.blogger.com/profile/02607977079516738257noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-66283279715400115562017-03-12T19:32:29.211+08:002017-03-12T19:32:29.211+08:00Monthly interests are computed at 5th of every mon...Monthly interests are computed at 5th of every month. This monthly interests we can't see it on online CPF statement. If you are above 55; you can go down to Branch to check. Senior citizen got priority queue so you no need to wait too long.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-12309932230663626042017-03-12T19:27:47.673+08:002017-03-12T19:27:47.673+08:00This comment has been removed by the author.kehyihttps://www.blogger.com/profile/02607977079516738257noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-43832131648051296672017-03-12T19:20:40.374+08:002017-03-12T19:20:40.374+08:00Once money into our bank account. That is right pr...Once money into our bank account. That is right process and understanding of this complex CPF scheme. Then organize kopi session on How to optimize your CPF WithdrawalCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-71610760329586089662017-03-12T19:04:32.381+08:002017-03-12T19:04:32.381+08:00CW: Pls help to check how much interests I can dra...CW: Pls help to check how much interests I can draw out without touching my SA and OA.<br /><br />CPF: Wah! You have lots of interests to draw out. It is $XX,XXX. Do you want to draw out now?<br /><br />That day when I was there at Bishan CPF branch; the staff has already know how much I could withdraw and she was about to pass me the form to fill up when I told her no need. LOL!<br /><br />Next year in Jan, I will do down to CPF Branch and tell them I want to withdraw my interests ans see what response.<br /><br />That why I said : Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do ItCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-46645177776145757962017-03-12T16:18:46.506+08:002017-03-12T16:18:46.506+08:00Same rule as trying to withdraw interests on month...Same rule as trying to withdraw interests on month of January as interests for previous year has been compounded into Principal. No outstanding interestsCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-80033230001890919292017-03-12T16:16:40.681+08:002017-03-12T16:16:40.681+08:00Think she is refering to those on max MA. Any inte...Think she is refering to those on max MA. Any interest earned for that month overflow to OA. No more interests in MA; how to withdraw?<br /><br />Our CPF system is complex system with complicated rules! Good for Bigscribe. LOL!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-36827083805372271472017-03-12T15:37:58.515+08:002017-03-12T15:37:58.515+08:00thanks for helping to confirm that OA+SA+MA intere...thanks for helping to confirm that OA+SA+MA interest can be withdrawn /thumbsupkehyihttps://www.blogger.com/profile/02607977079516738257noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-14136166509613187952016-12-23T10:27:00.488+08:002016-12-23T10:27:00.488+08:00Can we have standing (blanket order say for 1 yr) ...Can we have standing (blanket order say for 1 yr) order to CPF instead of writing to CPF every month?<br /><br />lol ...RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-81110799197132842852016-12-23T10:00:51.591+08:002016-12-23T10:00:51.591+08:00We can treat it as writing our own monthly pay che...We can treat it as writing our own monthly pay check. :-)Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-52140434363133622372016-12-23T03:56:40.047+08:002016-12-23T03:56:40.047+08:00you can withdraw the interest every month from feb...you can withdraw the interest every month from feb to dec, from aged 55 and above. u need to write in every month.Joehttps://www.blogger.com/profile/12916928330643349599noreply@blogger.com