Talking Point >>> Is your CPF enough for retirement?

[RadX]

3 minutes ago, Starry said:

dun understand bro.....means every year spend 4% of savings huh?

Then like that 25 years finished already mah.....

If I retire at 50, then by 75 still haven mati how? Money already run out if follow 4% rule....

Or my understanding wrong is it?

Read the full article given in my edited post

 

if u hv investments, that can also hedge and bring you beyond that range of $$

 

also not every year u spend 4% cos the ideal is u spend less as u age wor.. u less u hv many honey to take care

[Voodooman]

19 hours ago, Starry said:

dun understand bro.....means every year spend 4% of savings huh?

Then like that 25 years finished already mah.....

If I retire at 50, then by 75 still haven mati how? Money already run out if follow 4% rule....

Or my understanding wrong is it?

If you put your wealth in 2% FD, then you subscribe to 2% rule. Theoretically, you never exhaust your principal amount. After 70, you will also spend a lot less.  

[Voodooman]

19 hours ago, RadX said:

Read the full article given in my edited post

 

if u hv investments, that can also hedge and bring you beyond that range of $$

 

also not every year u spend 4% cos the ideal is u spend less as u age wor.. u less u hv many honey to take care

With REITs and banks paying 4-6% dividend, can just buy a bank or REIT ETF, they are also inflation hedge too.

[Throttle2]

Now that interest rates are much higher, can i whack all my OA into a bond which pays 4.5%?
 

never chup my cpf money before, how to do it uh? 
 

 

 

 

 

Edited August 8, 2022 by Throttle2

[Dp26]

Quick answer is no, not all your OA. 
Max 35% of available for bonds. 

 

 

[Throttle2]

52 minutes ago, Dp26 said:

Quick answer is no, not all your OA. 
Max 35% of available for bonds. 

 

 

Alamak.  Ok just leave it for time being.

thx

[Kopites]

https://www.theedgesingapore.com/news/banking-finance/ocbc-becomes-first-bank-singapore-allow-direct-top-ups-cpf-accounts

OCBC becomes first bank in Singapore to allow direct top-ups to CPF accounts.

[Throttle2]

[Spidey10]

On 7/18/2022 at 4:08 PM, RadX said:

Read the full article given in my edited post

 

if u hv investments, that can also hedge and bring you beyond that range of $$

 

also not every year u spend 4% cos the ideal is u spend less as u age wor.. u less u hv many honey to take care

i thot as we age we spend more..........................on medical bills! 

[Spidey10]

8 hours ago, Throttle2 said:

f%$@^^&*!!! I am still working at 54!! i am going home now....

[Jman888]

2 minutes ago, Spidey10 said:

f%$@^^&*!!! I am still working at 54!! i am going home now....

be patient, next year collect cpf liao then go home ok

[13177]

17 minutes ago, Spidey10 said:

f%$@^^&*!!! I am still working at 54!! i am going home now....

Many people even work until 70s. So you are still very young still having to work at 54 la. Lol.

[TangoCharlie]

John obviously was an outlier in terms of wisdom and life expectancy in his times.😄

[Throttle2]

20 minutes ago, TangoCharlie said:

John obviously was an outlier in terms of wisdom and life expectancy in his times.😄

He was a brilliant businessman for sure.

And i think he would still be during our times.

so if he stops at 50, we stop at 55, ok lah. Acceptable

[RadX]

nah.....see this

 

[RadX]

From this:

 

The Ideal Retirement Age To Minimize Regret And Maximize Happiness (financialsamurai.com)

 

https://www.financialsamurai.com/ideal-age-to-retire/

[Wt_know]

10 minutes ago, RadX said:

From this:

The Ideal Retirement Age To Minimize Regret And Maximize Happiness (financialsamurai.com)

https://www.financialsamurai.com/ideal-age-to-retire/

hard truth ...  

already planned to retire by 55 ... top !

Edited August 12, 2022 by Wt_know

[RadX]

Just now, Wt_know said:

hard truth ...  

yes...i met those who died

 

 

 

 

 

 

 

 

 

 

 

 

when they were alive.....what you all thinking....nbz.. and i believe, they would have done it differently