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Thread: Any Ceiling for contribution of CPF OA?

  1. #621
    Join Date
    Mar 2009
    Posts
    10,199

    Default minority is the epic LIAR that tried to con us that CPF Life's return is 7.5% p.a.!

    minority,

    Obviously I depend on online calculator like here:
    https://make-money-secrets.blogspot....payreturn.html

    Why?
    Very simple, because the developer of this online calculator is an EXPERT in MATH, have PHD in Engineering, have studied Chartered Financial Analyst (CFA), and have more than 30 years' experience in investments & trading in stocks, properties, bonds, ETF, & futures,
    so >100x more qualified than you!

    Why would anybody of sane mind believe in your calculation vs an expert?
    Not when you are the well-known epic LIAR that tried to con us that CPF Life's return is 7.5% p.a. and tried to give us FAKED calculation!!!!!

    So why would I or anybody believe minority (the BIGGEST LIAR and bullshitter here) rather than this person's online calculator!

    Even ilikeu's post on CPF Life Basic plan's returns have been beautified to look better than they really are, let alone the CPF Life Standard plan's returns which HE DARE NOT REVEAL, BECAUSE THE RETURN IS JUST TOO LOWwwwww (even after he beautification method)................ Ha ha ha!

    Anyway, whether this blogger's online calculator is correct or not can be double checked! (and I have done some check and am sure that his/her online calculator is more or less correct! (may be just +/- a few % difference but doesn't change the conclusion derived!))

    Do you dare to develop an online calculator and let everybody double check and verify that your calculation of CPF Life's 7.5% return is TRUE???
    Ha ha ha! The answer is OBVIOUS! Yours can't stand up to scrutiny, obviously cannot be developed into an online calculator (just like ilikeu) for people to verify and prove that you are lying!!!!!!

  2. #622
    Join Date
    Mar 2009
    Posts
    10,199

    Default CPF Life's return for woman

    I believe many will be interested in CPF Life's return for woman too!

    Actually, for simplicity we just need to look at the average life span, i.e. 80 years old for men and 85 years old for women. So for women the statistics are as follow:

    Assume Retirement Account at Age 55 = $166,000
    Retirement Account at Age 65 = $258,811.27
    CPF Life Standard for woman:
    Monthly Payout $1236
    Death at 85 1.39%
    Bequest at 85 $0

    So for woman, according to here:
    https://make-money-secrets.blogspot....payreturn.html
    CPF Life Standard's return for woman if they can live till average age of 85 is 1.39%!

    Now, where is the 4% p.a. interest rate that you people are told that you will get???
    Or minority can get 1 better: minority claimed that you can get 7.5% return! Ha ha ha! What a big fat LIE!


    Quote Originally Posted by teddybear View Post
    CPF Life Standard's return calculations for men using this online calculator:
    https://make-money-secrets.blogspot....payreturn.html
    Assume Retirement Account at Age 55 = $166,000
    Retirement Account at Age 65 = $258,811.27
    Monthly Payout $1330
    Death at 75 -0.97%

    Let's compare to ilikeu calculations:
    RA $166,000 at age 55
    CPF Life Standard
    Death at 75 years old -0.3%

    BEQUEST LIAR????

    Ok I see, since ilikeu's calculation is close to mine, so you are also saying ilikeu is a BEQUEST LIAR!!! Ha ha ha!

  3. #623
    Join Date
    Mar 2009
    Posts
    10,199

    Default

    minority The epic liar has gone into hidding again after his LIES have been EXPOSED!

    Quote Originally Posted by teddybear View Post
    minority,

    Obviously I depend on online calculator like here:
    https://make-money-secrets.blogspot....payreturn.html

    Why?
    Very simple, because the developer of this online calculator is an EXPERT in MATH, have PHD in Engineering, have studied Chartered Financial Analyst (CFA), and have more than 30 years' experience in investments & trading in stocks, properties, bonds, ETF, & futures,
    so >100x more qualified than you!

    Why would anybody of sane mind believe in your calculation vs an expert?
    Not when you are the well-known epic LIAR that tried to con us that CPF Life's return is 7.5% p.a. and tried to give us FAKED calculation!!!!!

    So why would I or anybody believe minority (the BIGGEST LIAR and bullshitter here) rather than this person's online calculator!

    Even ilikeu's post on CPF Life Basic plan's returns have been beautified to look better than they really are, let alone the CPF Life Standard plan's returns which HE DARE NOT REVEAL, BECAUSE THE RETURN IS JUST TOO LOWwwwww (even after he beautification method)................ Ha ha ha!

    Anyway, whether this blogger's online calculator is correct or not can be double checked! (and I have done some check and am sure that his/her online calculator is more or less correct! (may be just +/- a few % difference but doesn't change the conclusion derived!))

    Do you dare to develop an online calculator and let everybody double check and verify that your calculation of CPF Life's 7.5% return is TRUE???
    Ha ha ha! The answer is OBVIOUS! Yours can't stand up to scrutiny, obviously cannot be developed into an online calculator (just like ilikeu) for people to verify and prove that you are lying!!!!!!
    Quote Originally Posted by minority View Post
    WELL WHY ARE U SO STUPID? CANNOT COUNT MUST DEPEND ON WHAT F ONLINE CACULATOR??

    AT 55 PUT IN 166K!
    AT 65 Draw 1300 till 82 DIE! HOW MUCH IS THAT !
    BEQUEST is 94K

    HOW MUCH IS THE TOTAL COLLECTED CASH OVER THE 166K??

    PRIMARY SCHOOL MATHS... U CANNOT DO DONT COME LIE LAH!!!!

    DEATH AGE U CHOOSE one 82 ( after change goal post multiple times from 75, 78,80,then 82)
    PM payout u say one $1300 ( after change goal post from 1200)

    So what else you want to bulll shit leh? BLOODY FARKING LIAR

  4. #624

    Default

    Quote Originally Posted by cbsh38584 View Post
    CPF is more than enough for retirement Planning if you manage it wisely - Starting pay $2500 @age25
    =============================================================================
    There are 3 type of min retirement sum as from 2016 Figure.

    2016 retirement sum figure for BRS (80.5k) , FRS ($161k) & ERS ($241k)
    2020 retirement sum figure for BRS (90.5k) , FRS ($181k) & ERS ($271k) inflation est 2.5%

    1. Basic Retirement Sum(BRS) = $80.5k with 2/3/4 rm HDB pledged
    Monthly payout for life@65 = $660-$720

    2. Full Retirement Sum (FRS) = $161k (No 2/3/4 rm HDB pledged)
    Monthly payout for life@65 = $1220-$1320

    3.Enhanced Retirement Sum (ERS) = $241,500
    Those who wish to put more saving in CPF life - optional
    Monthly payout for life@65 = $1770-$1920.

    Max contribution to your CPF for 2015 = $31.45k / yr (20% of your Salary + 17% employer + voluntary cash)
    Max contribution to your CPF for 2016 = $37.75k / yr (20% of your Salary + 17% employer + voluntary cash)


    Many of them are unaware of how their annual income + CPF adds up over 30 years of working (age 25 to age 55).

    Starting pay $2500 (3% Salary increment yearly till age 55).Do nothing to your CPF acct
    ==================================================================
    At age 25 - OA=$7.1k. SA=$1.9k MA=$2.5k

    By age 35, OA=$112k. SA=33k. MA=41k

    By age 45 - OA=$268k. SA=120k. MA=97k

    By age 55 - OA=$479k. SA=354k. MA = $138k

    ** When MA (now call BHS) ceiling is reached ($49.8k) Excess goes to SA. But if SA (4%) min FRS ($161k) is also reached. MA (4%) excess goes to OA (2.5%)

    NET CASH Income (take home pay) earned accumulated for 30 years of working (age 25 to age 55)= $1.3 million dollars very very more than enough
    for the HDB BTO 4rm HDB flat $350k (income >$8k no HDB grant) . I did not include variable or performance bonus which range from 0.5 mth to 3 mths
    & also your partner income whic may be also $1.3m if she/he has the same earning power.

    If you have the job stability & the financial capablilty . Consider on How To Manage Your CPF Money by Shift all your money from Ordinary Acct to Special Acct as
    YOUNG as possible. You will get extra >60k to 100k more with no sweat involved at all.Just transfering OA-SA every Year . It MUST BE DONE when you are young.


    Shift CPF-OA (2.5%-3.5%) to SA (4-5%) at YOUNG age & start to transfer OA (2.5% to SA(4%)
    ------------------------------------------------------------------------------------------------------------------------------
    At age 25 - OA=$7.1k. SA=$1.9k. MA=$2.5k.

    By age 35, OA=0 (vs 112k). SA=156k (vs 33k) . MA=41k

    By 45 - OA=$85k.(vs 268k) SA=347k (vs 120k). MA=93k

    By 55 - OA=$341k (vs$479k) @SA=$550k to 600k. (vs $354k). @MA=$100k - 135k

    @ SA=550k to $600k depend on the CPF board yearly adjustment of the min sum retirement % increment. Range from 2.5% to 3.5%.

    @ MA= $100k to $135k also depend on the CPF board yearly adjustment on the MA & your medishield life selection from Govt b2 to private A class
    MA (now call BHS) ceiling is reached. MA Excess goes to SA. But if SA min sum is also reached. MA excess goes to OA

    Remember, you are not voluntary CASH contribution in the CPF. Just only your 20% of your Salary + 17% from your employer.

    ================================================================================================================
    I believe only the minorities have the financial capablity , determination & discipline to prorities their retirement need when young & transfer from OA
    to SA to see the magic of compouned interest in their special acct. Young prefer WANTS 1st & ignore the NEEDS. if they mismanage the CASH & CPF,
    they will be in trouble when they grow old. Low cash & low CPF.

    I do not recommend to voluntary contribute cash into CPF when young unless you really have more more than enough cash either from your parent or you yourself.
    Maybe when your reach late 40s & your children are age 21 & start working . You have extra cash. Can consider voluntary cash into CPF if min sum is met.
    By age 55, you can withdraw all after meeting the min sum (161k). Eg OA=200k SA=201k MA=49.8k(cannot touch). U can withdraw all OA=200k + SA=40k
    (201k minus 161k) if you chose FRS ($161k).


    Since most of the young couple likely to marry late between age 30-40. Why not set yourself a tgt to hit your Special acct min $100k at age 35
    (By age 35, OA=$112k. SA=33k --- Move 67k from your OA to SA (33k + 67k ) to increase your SA to 100k tgt.


    Once your SA=100k is reached by age 35. You know that the BIG WORRY min retirement need is SETTLED & can concentrate to build your OA .
    Any extra contribution to your SA is extra extra bonus.



    $100k compounded 4% interest for 30 yrs. U will have at least 325k at age 65. A very basic retirement est 2.5k/mth at age 65 for life.
    http://www.moneychimp.com/calculator...calculator.htm



    FYI, those wiives who decided to become a homemaker to take care of children & self employed . You better start to think now about your retirement as you have much lesser CPF for retirement. A umarried man or women. You are also need to plan early as MAID is the only person which you need to depend on when you grow old.
    This is how our precious CPF is gone down the drain through really bad investment. GREED

    Rowsley is a approved CPF stock. In Sep 12, it was just <0.10.
    Rowsley share price peak at S$0.68 in Sep2013 following the RTO announcement in Dec 12. One year later , Rowsley share price dropped from the peak (0.68 in Sep 13) to 0.28 (Sep 14). My friend told to look into Rowsley stock as it has a very big potential upside due to Peter Lim big project in Isankar on healthcare, education etc etc. He bought at $0.25 (200 lots @ $50k) in 2014. Today , the share price is 0.10. Lesson learnt. Never Never use your precious CPF OA to buy speculative penny stocks. There are hundred of CPF approved Penny stocks under water. Some of them is already delisted or under suspension.

    My former classmate bought $50k HSBC unit trust using CPF OA. 18 years later, it just breakeven. If he will to transfer his $50k CPF OA (2.5%) to CPF SA (4%). His CPF $50k in CPF SA will grow from $50k to $100k.

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