Chitchat Old Sinkie Shows Oppies And Sinkies How Easy To Make Your Money Grow With CPF! Majulah PAP!!

[JohnTan]

Having a meaningful amount of CPF savings will give most of us peace of mind as we cannot reasonably expect every year to be a good year for our investments.

In my retirement, lacking mandatory contributions to my CPF account, I have been voluntarily contributing to my CPF account and here is what it looks like at the end of 2018:

$845,373 at the end of 2018 and that was at the ripe old age of 47 too.

By age 55, more likely than not, my CPF savings will be in excess of $1 million.

To the very rich, $1 million might not be a lot of money but to the vast majority of us, I am sure it will make a meaningful difference in funding our retirement.

This is why I share my CPF story.

Unless we are handicapped in some way, I believe that if we put in enough effort, we can become CPF millionaires.

http://singaporeanstocksinvestor.blogspot.com/

 

[jw5]

It is much much much better to be a cash millionaire than a cpf millionaire.

Having a meaningful amount of CPF savings will give most of us peace of mind as we cannot reasonably expect every year to be a good year for our investments.

In my retirement, lacking mandatory contributions to my CPF account, I have been voluntarily contributing to my CPF account and here is what it looks like at the end of 2018:

$845,373 at the end of 2018 and that was at the ripe old age of 47 too.

By age 55, more likely than not, my CPF savings will be in excess of $1 million.

To the very rich, $1 million might not be a lot of money but to the vast majority of us, I am sure it will make a meaningful difference in funding our retirement.

This is why I share my CPF story.

Unless we are handicapped in some way, I believe that if we put in enough effort, we can become CPF millionaires.

http://singaporeanstocksinvestor.blogspot.com/

 

[JohnTan]

It is much much much better to be a cash millionaire than a cpf millionaire.

He will be a cash millionaire just from his CPF when he turns 55. Sinkies are allowed to cash out all the monies from their CPF as long as they leave enough in the CPF to meet the Minimum Sum.

 

[jw5]

It is much much much better to be a cash millionaire now than a cash millionaire later.

He will be a cash millionaire just from his CPF when he turns 55. Sinkies are allowed to cash out all the monies from their CPF as long as they leave enough in the CPF to meet the Minimum Sum.

 

[JohnTan]

It is much much much better to be a cash millionaire now than a cash millionaire later.

Most sinkies aren't millionaires because they lost their lifesavings in dubious investment schemes and punting on the stock market. They would be better off putting their money into CPF and taking out the excess of the Minimum Sum at 55.

 

[Asterix]

He will be a cash millionaire just from his CPF when he turns 55. Sinkies are allowed to cash out all the monies from their CPF as long as they leave enough in the CPF to meet the Minimum Sum.

If Sinkies are forced to leave Minimum Sum - $150k? - in their CPF account, then it means they cannot cash out ALL the monies from their CPF!