There is no such thing as guaranteed. Policies keep changing. I will withdraw as much as possible.

Putting money into cpf = return free risk... guaranteed to lose to inflation. While risking the overlords shifting the goal post at any time.

The 8% yield figure is incorrect. Cannot calculate from the value at 55 but the value at 65. Also, you will be drawing down on the capital. So it wrong to say it is 8% yield.

Mr Loo have 1.5 mil (balance + invested) in CPF. 460k is only 1/3 his CPF $$ so it makes sense for him to top up to 4x BRS in RA

@jironghuang4895

5 ай бұрын

Mr loo net worth is 20-30m. Cpf is chump change to him

Everyone has the right to sharing about their opinions. Thanks for sharing.

there's never a free lunch. Locking up money for decades for only 4% (which is now gone) was a risk to begin with. Best to manage your own money. Even the total world stock index yields 5-7% annually, but your funds are liquid.

@jironghuang4895

5 ай бұрын

For younger folks can compound till 55. Then think about it later. 5-7% Index returns is just an assumption. If you look beyond US, you will be hard pressed to find similar trajectories.

Lesson learnt, policy can change. So don't rely 100% on CPF scheme.

@kengmingong

5 ай бұрын

Yes never rely on own money in government cpf hands... If you are still competent migrate and take your cpf with you... 50 years ago when working in Singapore my compulsory self contribution was 25% of salary, employer 25% totalling 50%. I migrated and money was waiting for me in Sydney. My Malaysian EPF did not release money unless I paid a bribe..... So go CPF go

I say those who did shelding for many years should be happy as they make alot already...why need still stress so much ? It only affect those wanted to start shielding

Boon Tee can see more indept in Govt Policy changes which affect different group of people especially members who are richer in SA causing them frustrated.

CPF board might change the pay out for CPF life in future. so not to put too much in RA.

For ERS: We lose the 10 yrs of CPF life payout from age 55-65, so the dividend is not 6.3 % imo . Including the opportunity cost , the yield is closer to 2.4%. Initial sum 426k invested , final sum 999k recovered over 35 yrs to age 90: 2.44% apy. Worse than 4% SA compounding from 55. Is my maths correct?

If I am 30 years now I will still top up SA to enjoy 4% and withdraw excess at 55 to invest to other products that has more and 2.5 % return

The taking out of SA only affects those rich getting richer ..thats all ...those even cannot reached the RF can just throws worries aside . ...

Gov already locked our cpf and return us back bit by bit... why cos of few percents given and throw more money for them to lock ? Especially for low and average income...

Just pray we can live healthy thats most important..same like those earning high salary also pray their jobs or seats stable

They plugged the wealth gap as known as CPF SA

Only if GIC invested in non-CN assets...

it is not how long you can live but rather how well you spend the $...you can live till 110 but bedridden from 70...so for 40 yrs are you spending the payout well?

@pinkublacku

5 ай бұрын

Hahahha your logic. If you are bedridden then this money is even more important to you. You need the money to pay for your domestic help or nursery home. Your meds. Your hospital bills . Your hospital stays. Since you can't do anything yourself, you got to pay people to do things for you.

at 70+, you talk to the bank's xmm and she will invest for you 🤣

I am 55 last year, put ers into my ra. Most probably will continue to use cash to top up till 4 × brs next year. Just let the rest of my sa (>300k) transfer to oa.2.5% interest is good enough for me already.😅

Ministers nowadays also into corruptions and renting a bigger unit for family enjoyment and rent their own house out ...their salary not enough to buy landed property? HAHAH

@pinkublacku

5 ай бұрын

Ya... The govt plug our cpf loophole , but their own loophole is not plugged.

All of these makes sense. When you old, i dont think you want to manage investment portfolio as your mind might not be sharp. At the same time, locking up your money to the government, losesses your control of your own money.

yeah la bros, people think CPF is risk free, but to be more specific, CPF is risk free IN RESPECT OF THE SG GOVT. even today we can see that the govt is nowhere near LKY era calibre, wealth doesn't last more than 3 generations, and the decline is happening alr. so i think should reconsider putting too much faith in CPF. we may be good for maybe 10-20 years, but anything beyond that is quite risky to assume all will be well.

yes it is unfair.

The govt had come out to explained that the intended purpose of Special Account is for long-term purposes and it makes sense to now streamline into RA which ties with making it effective from 55 onwards when the RA kicks in. Don't think there is any sinister intend?

Why a big fuss over the SA closure ? Move on.

A lot of ppl don’t understand how cpf works and start spouting nonsense

Who's the older guy in the top left window? He didn't seem to know what he's talking about and mischaracterised Mr Loo's response. At least the cuter guy in the top right was able to correct him and make some sense.

if you voted for this dont complain.........

@georgequek7996

5 ай бұрын

Nahhh, what voted man?🗣

@Humorousguy64

5 ай бұрын

They plan well before election la....sure win ...unfair locations for voters already eats you up ...should know what i mean ...but more opp party pls

People are not angry at the cpf SA changes. They are angry at people like all of you newbies bagholder pod along with AK71, Mr Loo who keep telling people about supercharging their cpf, causing their cpf now to be locked up at 2.5%. Go and learn from people like Master Leong and Adam khoo. What qualifications do all of you have to even give finance talk? Pui

@cwjt

5 ай бұрын

You kum adam’s lan jiao?

@kennethlim886

5 ай бұрын

SA - 4% interest until 55. Then at 55, max up to FRS go RA, interest still 4%. Balance go OA, interest 2.5% but can withdraw anytime. Why locked ?

@kennethlim886

5 ай бұрын

Margin call - BaBa average price $150 Leong ? You sure he is still master ?

@alui5362

5 ай бұрын

they got tell people to supercharge CPF meh. i think maybe ur talking about honeymoney lah. anw why blame people for ur own actions. u little kid ah. got no mind of ur own ah.

@mikemiz2010

5 ай бұрын

@@cwjt better than you Kum bag holder pod smallsmall lan jiao

over at sinkieland, honeymoney 1m65 preach topping up to cpf, "guaranteed compounded 4%" over 30-40 years. They rly never factor in policy changes. Now all the gongtao listen to them do thing irreversible move. Lugi la