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Insightful video! Thanks for sharing Seth. Though a commenter called you young boy, your wisdom exceeds many adults.

finally a video after million years

@Sethisfy

4 ай бұрын

It was only 2 weeks 🥲

Even though the ERS amount will be doubled that of FRS in 2025 onwards, the payout for ERS is NOT doubled that of the FRS (it's slightly < 2 times). The gap might be small now but it will be worrying if it widens.

@Sethisfy

4 ай бұрын

Thanks for pointing out. I found this curious too when I was building my calculator. Need to find out more on why this is the case

@Sethisfy

4 ай бұрын

I suspect it’s because of the added 1% p.a. on the first $60k. Will find out

At which year will BRS, FRS, or ERS reach 1 million dollars?

@Sethisfy

4 ай бұрын

Based on 3.5% p.a. increment should hit $1 million at 2070

Thanks for sharing

Post-55 but have not really looked into CPF Life payouts. Did not realise that men and women receive different payouts - eventhough the FRS BRS etc amounts are the same for both genders...

@Sethisfy

4 ай бұрын

Because it pays for life, CPF Life has to account that women tend to live longer

Question - Whether you are male or female, both groups will channel the same amount of monies to FRS or ERS etc. , with the interests applies to the both groups the same, then why the female will get lesser payout then their male counterpart? What kind of assumption did you make here? Thanks/Henry

@xplodnow

4 ай бұрын

Cos statistically women live longer. So they payout lower amount which translates to longer payout duration.

Hi Seth. Is your estimator ready? I don't see them in your Tele group

@Sethisfy

3 ай бұрын

probably in about a week’s time

I think all telegram members are very looking forward to your tool 😂

@Sethisfy

4 ай бұрын

🙈

@user-dk4qp4mj6m

4 ай бұрын

His tool is amazing lol

@jkho8365

4 ай бұрын

Are we still talking about cpf life?

@user-dk4qp4mj6m

4 ай бұрын

Can eat?

@user-dk4qp4mj6m

4 ай бұрын

@@jkho8365 yes his tool

CPF Life is BS. They makan your 6 digits FRS of $304634 & in return they gv u average daily allowance of about $50, u think its worth? If this $304634 remains in your RA, it would earn u 4.08% compound interest which your NOK can collect back

Please add a professional-quality cover photo to your channel, it will act as part of your brand and create a professional symbol for your channel. The first glance of the audience will give an idea about your channel.