I must say that Jin is getting better and better in moderating the flow. Enjoyed the podcast very much.

@ProvidendSG

4 ай бұрын

Thank you for encouraging Jin and us, have a lovely weekend ahead!

Very well explained good job. Not like other KZreadr take advantage of situations and make few videos even before parliament had settled down. U r right actually only a small group of people r affected with little impact.

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment and we appreciate your encouragement. Have a restful weekend ahead.

Christopher and team should work with MOE to do a short Financial talks to Secondary schools students. Why wait to be a working adults to learn financial planning. Could start from either lower or higher Secondary , basic financial learning like compound interests, inflation, loans and maybe, CPFLIFE ? Ha .. ha ...

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment and giving us your feedback. Have a restful weekend ahead.

@hendrywangsa1881

4 ай бұрын

I agree. Not many parents are financially literate. Consequently, their kids learnt the hard way when starting adult life, going through debts and unable to invest since young. I wish organisation like Providence, who put the people's interest at their heart, can provide financial literacy to kids. Thanks.

@vv65vis

4 ай бұрын

Agree. Shd be in the school curriculum. Children ought to be taught some basics fr primary sch onw

Very well explained Christopher👍. At least you dwell on the changes and let it settle in 1st before coming on to explain to the audience. Unlike some youtubers. Agreed that we can get emotional on the changes but dont act on emotions. Thanks once again🙏

@ocswoodlands

4 ай бұрын

will react emotionally when voting. will keep a cool head when it comes to plotting next move with my money 😊

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment and encouraging Chris. Have a restful weekend ahead!

@ProvidendSG

4 ай бұрын

@@ocswoodlands Thank you for taking the time to comment!

You are a good person

@ProvidendSG

4 ай бұрын

Thank you for your kind comments!

Very good. Thanks!

@ProvidendSG

4 ай бұрын

Thank you @manuelgonzales2570 for your kind comments and taking the time to reply!

If one don’t mind the slightly lower monthly payout on the basic plan as compared to standard plan, would it be more beneficial to opt for the Basic plan ? Is there risk that the Basic plan be removed ?

@ProvidendSG

4 ай бұрын

Hi @sinyeetan28, thank you for your comment. If one doesn't mind slightly lower monthly payout, it would be more beneficial to opt for Basic Plan because it will leave higher bequest to beneficiaries as compared with Standard Plan. Hope this helps and have a good day ahead!

Very balanced view, I heard 2 opposite camps.

@ProvidendSG

4 ай бұрын

Thank you for your encouragement!

If I hv cash, will top up our ra to 4 × brs next year. Just let remaining cpf money stay at oa for few more years.😊

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment. Have a blessed weekend ahead!

Great video! Thanks Christopher. May I humbly suggest that you advise your KZreadr friend to cool down and stop ranting frivolously. People who are affected by the closure of the SA are the richer folks who may have to other resources for retirement

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment and have a great weekend ahead!

I don't mind they increase the goal post size rather than shifting the goal post further which will disrupt cashflow planning 😅

@ProvidendSG

4 ай бұрын

Thank you for taking the time to comment!

We work hard for it & giving 4% after deducting FRS from SA is a fair deal. We don't have a pension system in this country .

In 2025, I will be 55 year old.If I can reach the FRA, so can I draw out the balance amount in my OA account thank.

@ProvidendSG

11 күн бұрын

Dear @tanyongboo, Thank you for your question. Yes, if you reach your cohort FRS ($213,000 in 2025) in RA at age 55, you can withdraw the balance amount from your OA. For more CPF-related information, you can check out our CPF FAQs here: providend.com/frequently-asked-questions-about-cpf/ Hope this helps and have a blessed day ahead.

Topping up ERS…goalpost won’t change? 😂

@lotus108able

4 ай бұрын

fool me once, shame on you; fool me twice, shame on me

frs already met when one turn 55 in 2023. Before closing SA in 2025, will govt transfer money from SA to top it to 2025 frs amount ($213, 000 ) before closing it and put whatever leftover to OA?

@ProvidendSG

Ай бұрын

Dear @Jtsh706, thanks for watching our podcast and for your question. If you have met your FRS in 2023, when 2025 comes, CPFB will not transfer more money from your SA to meet 2025 FRS. Your CPF balance in your SA will be transferred as it is to your OA and your SA will be closed. Hope this clarifies and have a restful week ahead. - Chris

@Jtsh706

Ай бұрын

@@ProvidendSG thank you.

@ProvidendSG

Ай бұрын

@@Jtsh706 You are most welcome!

@Jtsh706

Ай бұрын

@@ProvidendSG allowed to top up frs ourselves to the 2025 frs amount or only can top up ers

@ProvidendSG

29 күн бұрын

Hi​@@Jtsh706, if you are below 55, you may top up your SA up to the current FRS. If you are 55 or above, you may top up your RA up to the current Enhanced Retirement Sum. Hope this helps and have a restful day ahead. - Chris

It’s helps me when RA excess $ will be transfer to OA .. I don’t have to pay a single cent out of my Outstanding hdb loan … .. let in run in CPF -OA 2.5% 😊 No need to take risk on Stock market …Companies can collapse but CPF don’t collapse 😂

Lol if the “primary” purpose of CPF is to give S’porean a comfortable retirement sum ..why use for housing, education etc

@lotus108able

4 ай бұрын

The guest is singing the G’s song and focus on SA shielding closure

Talk nuts ....everything need changes ...our health changes when gets older ..but our cpf money got lock and does changes from long release to longer release

My only question is why CPF pushes the drawing out time limit more n more years giving excuses that we are living older n older? Dont one think that many ppl near 70 or 75 yrs old cannot really enjoy much rite? Some even got sick n not fully fit to enjoy . How can they lock out money and always changes ??? Is 10 years changes ..not 5 years .

only $ in your ATM account is your $. money in CPF is for shiok show only.

I throw away your book money wisdom. Big nonsense statement about a chef should eat his own cook before serving others. This is liken to financial advisors should buy their own plans before selling to others. A blatant disregard on emphaty towards others with u riding on the high horse. With such statement, u disregard the industry profession. A chef cooking situation and a advisor financial situation is totally different. U mean somebody has to purchase before he or she can sell such purchase to others? What a fallacy

@cathhl2440

4 ай бұрын

No need to be so rude. Poor self-control.

@firefly4326

4 ай бұрын

@@cathhl2440 the book itself is dishonorable and blasphemy. You mean a horse owner who just started his business and is not able to afford cannot sell his good horses? The statement of a chef eating his own cook is in a complete situation where the food is perishable and not a delayed gratification product. Its cheap and affordable. A horse owner may not have the financial means to own his own horse at first but he is selling good horses. The book also claim buy term and invest the rest. What if the investment failed and the customer left with absolutely no cover for backup?? The money wisdom book is full of errors and wrong concept. Disregarding advisors who just started out in the industry, showing no empathy towards others except riding his own high white horses. Extremely rude!

@firefly4326

4 ай бұрын

@@cathhl2440 i read that sentence and i throw the book into the rubbish chute. Less than $30 rubbish book

@TheLumueh

4 ай бұрын

Dear firefly4325 I am sorry you feel that way but thank you for visiting our podcast and also attempting to read the book. Have a blessed evening and take care. Chris