In 2018, MoM Josephine Teo reported in Parliament that 450,000 pensioners age 65 and above receiving average $350 payouts.
How to survive 🤪?
(11-09-2022, 08:25 PM)Scythian Wrote: Our CPF savings poorly managed resulted 450K recd $350 payouts.
In 2018, MoM Josephine Teo reported in Parliament that 450,000 pensioners age 65 and above receiving average $350 payouts.
How to survive 🤪?
(11-09-2022, 10:33 PM)icarus Wrote: These are merdeka generation cpf subscribers whose salaries in the 70s/80s were around $500 per month before we became a high income economy. At that time, a new 2 room flat was worth $15,000. A 4 room flat was $40,000. Considered expensive in those days.why introduced MRSS to expose govt desperately needed cash top-up of $1.32 billions ($3000 X 440,000)??
(11-09-2022, 10:33 PM)icarus Wrote: These are merdeka generation cpf subscribers whose salaries in the 70s/80s were around $500 per month before we became a high income economy. At that time, a new 2 room flat was worth $15,000. A 4 room flat was $40,000. Considered expensive in those days.
(11-09-2022, 10:33 PM)icarus Wrote: These are merdeka generation cpf subscribers whose salaries in the 70s/80s were around $500 per month before we became a high income economy. At that time, a new 2 room flat was worth $15,000. A 4 room flat was $40,000. Considered expensive in those days.
(11-09-2022, 09:45 PM)FartSunKing Wrote: CPF is a WORLD CLASS retirement savings scheme
For Singaporean citizens and PRs
Who are willing to work until PAP's retirement age
Not for whiny jobless little ccbais like ola
Or run road to suck angmo pricks traitors like scythain
Thanks to PAP, Singaporeans & PRs will have at least a MILLION in their CPF
By the time they are between 55 to 67 retirement age
Just like what PSLE genius 5354 has in his CPF in 2018, age 56
Song boh?
(12-09-2022, 09:35 AM)winbig Wrote: Unless one top úp using cash or earn a lot using CPF to invest or flip HDB, it's impossible to have 1 million just by working.
(12-09-2022, 09:35 AM)winbig Wrote: Unless one top úp using cash or earn a lot using CPF to invest or flip HDB, it's impossible to have 1 million just by working.
(12-09-2022, 09:42 AM)sgbuffett Wrote: Mostly true but not exactly true.U missed out another method. That is to use CPF to invest by following the reverse indicator.
It can be achieved using CPFIS through proper regular investing into a global fund.
From age 25 to 65 there is 40yrs.Average return is 7%.
Will hit more than 1M.
Loo method is for both husband and wife to max out the CPFSA at age 30+ then let it grow at 4%....combined will hit 1M by 65.
Problem is many take out to buy property and CPF becomes empty at age 30-35....then they use CPF contribution to service property loan.
(12-09-2022, 09:39 AM)Talent Wrote: he throw in cash
ge already said before
cpf his wife cannot touch
so he has excuse not to give
his wife family keep after him for money to buy house farm etc
I see through him
selfish fellow
(12-09-2022, 10:33 AM)Ola Wrote: That is why he can only show his own CPF
never his bank statements, not any mutual funds or bonds he invested
When he die, he should be buried with his trash
so that he can feel like an "Emperor"
(11-09-2022, 08:25 PM)Scythian Wrote: Our CPF savings poorly managed resulted 450K recd $350 payouts.i call them cause i forgotten, i will receive 1200 starting next year..WTF. if i put that on Amzn or Goog 10 yrs ago,now huat huat.
In 2018, MoM Josephine Teo reported in Parliament that 450,000 pensioners age 65 and above receiving average $350 payouts.
How to survive 🤪?
(12-09-2022, 01:45 PM)FartSunKing Wrote: Ladies and gentlemen
Please engage your brain as I prove to you
Even cleaners or fast fooders like sgbuffett
Will have a MILLION in their CPF
By the time they are between 55 to PAP's retirement age (65 by 2030)
(11-09-2022, 08:36 PM)Ola Wrote: 639k are elderly residents
So, 70% of those retirees rec'd $350/ mth
Wah phiang! PAP really cannot run a national CPF for us well
Sack Mr Suay and JoTeo immediately, lah!
(12-09-2022, 01:55 PM)FartSunKing Wrote: Thanks to PAP, the average wage of a cleaner or fast fooder will definitely be above $3,500 a month from annual wage increments over 44 years of working lifethose figure are fake and provided by govt and u.. cleaner are paid only 1k so are tray collector, i ask them personnally,
Just take a look at the PWM chart for cleaners below
Starting pay for the lowest rank entry level cleaner will be $2,420 a month by 2028
(12-09-2022, 02:06 PM)FartSunKing Wrote: Every month 37% or $1,295 of the average monthly wage of $3,500 will go into the cleaner/fast fooder CPF account
A cleaner/fast fooder CPF savings will grow by at least $1,295 X 13 = $16,835 a year thanks to PAP's 13th month bonus pay
Now you just compound $16,835 annual addition over 37 years with 2.5% CPF OA annual interest
You will have $1,030,761.54
That proves beyond doubt low wage workers like cleaners and fast fooders
Will have a MILLION in their CPF by the time they are 37 years + 21 years = 58 years old
(11-09-2022, 08:36 PM)Ola Wrote: 639k are elderly residents
So, 70% of those retirees rec'd $350/ mth
Wah phiang! PAP really cannot run a national CPF for us well
Sack Mr Suay and JoTeo immediately, lah!
(11-09-2022, 08:25 PM)Scythian Wrote: Our CPF savings poorly managed resulted 450K recd $350 payouts.
In 2018, MoM Josephine Teo reported in Parliament that 450,000 pensioners age 65 and above receiving average $350 payouts.
How to survive 🤪?
(12-09-2022, 03:15 PM)Napoleon Porlumpar Wrote: these old farts deserve it................for sleepwalking thru elections all these decades..........
(11-09-2022, 08:36 PM)Ola Wrote: 639k are elderly residents
So, 70% of those retirees rec'd $350/ mth
Wah phiang! PAP really cannot run a national CPF for us well
Sack Mr Suay and JoTeo immediately, lah!