- Joined
- Oct 19, 2012
- Messages
- 355
- Points
- 28
I left the force due to injury.Why u SOF no become personal bodyguard to tua liaps?
I left the force due to injury.Why u SOF no become personal bodyguard to tua liaps?
Once you max that 171k FRS, every year you earn $6840 interest doing nothing. It's definitely safer than Hyflux rubbish.
Leave it there for 10 years, you earn $68,840 for doing nothing ...
FRS is only $176k in 2019. It will take care of itself once you max it out, the interest earned will take care of all future increases. Just bank your money in there get it out of your system once and for all. No need to visit it until when you are 65. If 65 and you don't need it, then start at 70 even better.Yes this strategy makes sense if one has property to pledge towards half the FRS at age 55, then at least the money and interest can be taken out.
If not, only the sums above FRS can be withdrawn at 55.
Very safe, but won't get to see the principal sum if RA less than FRS at 55.
SG saving bonds are another safe alternative with higher liquidity.
U seems to be unhappy with your life.If the fools in here have any great business ideas, they wouldn't be spending their whole lives complaining about PAP.
The best idea is to create something that is available as a download, and u just let it run. No inventory or fulfilment shit. The tricky part is figuring out the legal and useful content worth paying to download.
F
FRS is only $176k in 2019. It will take care of itself once you max it out, the interest earned will take care of all future increases. Just bank your money in there get it out of your system once and for all. No need to visit it until when you are 65. If 65 and you don't need it, then start at 70 even better.
Well..You are right....Maybe for the young with family is hard.Yes, for lazy people, it's hard to beat 4% risk free returns for the special account.
But the loss of liquidity in the interim can be quite a set back, especially for younger folks just starting their families.
KNN this is the best business for non businessman KNN my uncle is contemplating early retirement and resignation along with this in placed KNNF
FRS is only $176k in 2019. It will take care of itself once you max it out, the interest earned will take care of all future increases. Just bank your money in there get it out of your system once and for all. No need to visit it until when you are 65. If 65 and you don't need it, then start at 70 even better.
By the way, FRS will increase every year. So every time you have cash to spare, just top up your Special Account yearly.
FYI...
For those turning 55 in 2018, the Full Retirement Sum is $171,000.
For those turning 55 in 2019, it will be $176,000.
Those who will hit 55 in 2020 will have to set aside at least $181,000.
The figures for the years after 2020 have not been released yet.
But based on current trends, we can estimate that in 20 years’ time, the Full Retirement Sum might be about $280,000.
I open a floor shop at T space tampines making $hundred over thousands nett every month I now driving Merc.
My friends call me botak howlian sai.
They are jealous of me stay condo in pasir ris have a floor shop in t space drive Merc and earn so much from others by buying vinyl flooring from carousel then sell to stupid home owners and earn 5 times the price. What a genius I am.
My costing 0.80 per sqf , I sell u 1.50 sqfCongrats.. i need vinyl flooring for my house, name and address of your shop? Got discount if buy from you?
What kind of business will u do in Singapore with only sgd 100k.
Go MBS. Try your luck on BIG or Small.Take 100k go casino ... Just choose a number in roulette .. if strike .. you transform it to 3.6m ..![]()
What kind of business will u do in Singapore with only sgd 100k.
Once you max that 171k FRS, every year you earn $6840 interest doing nothing. It's definitely safer than Hyflux rubbish.
Leave it there for 10 years, you earn $68,840 for doing nothing ...