Retirement plan
09-02-2023, 02:36 PM
Anyone when reaches 55 what is the plan to allocate your CPF
09-02-2023, 02:53 PM
PAP say Elderly in SG LOVE TO WORK TILL 70
09-02-2023, 02:56 PM
55 also can't touch the CPF, what talking you ?
09-02-2023, 03:04 PM
09-02-2023, 03:07 PM
09-02-2023, 07:35 PM
I mean when reach 55 CPF will move your money to retirement account how one plan?
09-02-2023, 07:38 PM
09-02-2023, 07:55 PM
(09-02-2023, 03:07 PM)K88 shu shu Wrote: $5000 can piak how many $200 atb or $300 kimchi syt ?
piak those $50 huans lah. Afterall a hole is just a hole. Better yet, try the third hand Kim. Divorced twice pruss with kid in tow, sure cheaperer
![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
Wherever you go, no matter what the weather, always bring your own sunshine
![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
09-02-2023, 08:03 PM
Not work until die meh?
![Huh Huh](https://sgtalk.net/images/twitemojis/huh.png)
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
09-02-2023, 08:15 PM
(09-02-2023, 02:36 PM)Cmpunk Wrote: Anyone when reaches 55 what is the plan to allocate your CPF
Just go for FRS. Never ERS. Because all your huge monies when put in CPF Life at 65 you will not get even a single cent of interest.
Wherever you go, no matter what the weather, always bring your own sunshine
![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
09-02-2023, 08:16 PM
09-02-2023, 08:37 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
09-02-2023, 08:46 PM
09-02-2023, 08:47 PM
(09-02-2023, 08:37 PM)RiseofAsia Wrote: Song Boh! Dont laugh!
https://www.humanresourcesonline.net/abo...s-for-life
$800 dollar for life ..
Never change ..
But hokkien mee go up from $3 to $5 .
Then $7
PAP is only govt that does not adjust pension payout for inflation
This will kill many later.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
09-02-2023, 09:12 PM
(09-02-2023, 08:46 PM)debono Wrote: By then how old will you be........................?
when i shared my retirement plan with friends recently, i was full of excitement....
![Big Grin Big Grin](https://sgtalk.net/images/smilies/biggrin.png)
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change
![Sad Sad](https://sgtalk.net/images/smilies/sad.png)
and i told them that i can choose to retire now.......
09-02-2023, 09:15 PM
(09-02-2023, 09:12 PM)TalkingRabbit Wrote: when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change![]()
and i told them that i can choose to retire now.......
Retire now? Got parents or child to feed? Got car ? House pay finish?
09-02-2023, 09:23 PM
09-02-2023, 09:25 PM
10-02-2023, 01:28 AM
(09-02-2023, 09:12 PM)TalkingRabbit Wrote: when i shared my retirement plan with friends recently, i was full of excitement....Awesome...but if you re around 50+ , your friends will be sceptical
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change![]()
and i told them that i can choose to retire now.......
![Laughter-13 Laughter-13](https://sgtalk.net/images/smilies/Animated2/laughter-13.gif)
![Laughter-13 Laughter-13](https://sgtalk.net/images/smilies/Animated2/laughter-13.gif)
10-02-2023, 05:44 AM
Gov every yr. give out vouchers,tpt fee,cash money and many goodies packages so can retire already...
10-02-2023, 07:07 AM
(09-02-2023, 09:12 PM)TalkingRabbit Wrote: when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change![]()
and i told them that i can choose to retire now.......
I also can retire now. But I also dare not do it as I have no confident with the current team. They have mismanage the economy badly.
![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
Artificial growth won’t sustain at all.
We follow US footstep. What happen to the US in the past, will be what happen to us later. When SGD starts to depreciate is the time we are in serious trouble.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
10-02-2023, 07:27 AM
27-02-2023, 11:37 PM
It's great that you're thinking ahead and planning for your retirement in advance. As for me, I'm still a bit away from 55, but early retirement is definitely a goal of mine.
28-02-2023, 12:40 AM
It's great that you're thinking ahead and planning for your retirement in advance. As for me, I'm still a bit away from 55, but early retirement is definitely a goal of mine. When it comes to allocating my CPF, I plan to diversify my investments and not put all my eggs in one basket. I'll definitely be looking into using retirement calculators to see how much I'll need to save up to achieve my goals. Of course, it's always good to consult with financial experts to make sure I'm on the right track. Do you have any specific plans for your CPF allocation?
28-02-2023, 08:02 AM
But govt wants us work till longer age...
28-02-2023, 08:51 AM
08-11-2023, 08:07 AM
Planning how to allocate your CPF at 55 is a smart move. You might want to consider diversifying your assets, including stocks, bonds, and real estate. Also, if you're looking for retirement savings options, you can explore strategies like how to backdoor Roth IRA. It's essential to have a balanced approach that aligns with your financial goals and risk tolerance. Making informed decisions can help secure your financial future.
06-12-2023, 04:22 PM
Special and MediSave Account (SMA) pegged rate exceeding the floor rate of 4 per cent, Central Provident Fund (CPF) members’ savings in the SMA will earn 4.08 per cent from Jan 1, 2024, to Mar 31, 2024.
Likewise, savings in the Retirement Account (RA) will earn the same interest rate over this period, as the RA interest rate peg is aligned to that of the SMA. The RA interest rate peg will be computed quarterly instead of annually from Jan 1, 2024.
The Ordinary Account (OA) interest rate will remain unchanged at 2.5 per cent, as the pegged OA rate remains below the floor rate of 2.5 per cent.
https://www.businesstimes.com.sg/singapo...raised-408
Likewise, savings in the Retirement Account (RA) will earn the same interest rate over this period, as the RA interest rate peg is aligned to that of the SMA. The RA interest rate peg will be computed quarterly instead of annually from Jan 1, 2024.
The Ordinary Account (OA) interest rate will remain unchanged at 2.5 per cent, as the pegged OA rate remains below the floor rate of 2.5 per cent.
https://www.businesstimes.com.sg/singapo...raised-408
06-12-2023, 04:54 PM
Didn’t touch or withdraw from my CPF when I reached 55.
tomorrow will be a better day
« Next Oldest | Next Newest »
Users browsing this thread: 1 Guest(s)