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Thread: Any Ceiling for contribution of CPF OA?

  1. #21

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    In life, just plan worst case scenario and be prepared....[/QUOTE]

    All so power here.


  2. #22
    Junior
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    US bond typically US$200k.... Not 250. Sp net coupon payout (@ say 4%) = 2.8% X 200k = 5.6k.


    Quote Originally Posted by chestnut View Post
    This is for Universal Life. Say you put premium of 350k for coverage of 1 mil. So you borrow 350k and in the event in f death, payout will be 1 mil minus 350k = 650k. Interest slightly above 1% for US$ borrowing. You just need to pay interest. Say 1.2% of 350k = 4.2k.
    You can then borrow 250k to buy US$ bond paying say 4%. Net payout = 4% minus 1.2% = 2.8% of 250k = 7k. Use the 7k to pay off the interest on the Universal Life.
    You need to know what to do when interest rate goes north.... That's all...

    In life, just plan worst case scenario and be prepared....


  3. #23
    Junior
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    I personally don't believe in putting money in CPF. I actually used max CPF to pay for my investment condos. So I "draw" out the money. I do pay interest to CPF for the money drawn. But by the time I can draw out the CPF money, the interest is mine. I prefer to hold cash as cash can do more wonders. But you will need to know what to do with your cash. Cash can be used for downpayment of properties or any quick investment opportunities. Of course cash can be used squandering away on woman, cars, and many other "happy" things. Remember, the. Coin always has 2 sides. You need to know which side you are???? If you are the squandering type, please put in CPF. If you don't know how to invest, please put in CPF. But if you come into this forum, I believe you want to learn, so you decide which is a better investment. At least you will make a decision.

    Everyone has a view and many are different. Different strokes for different people.


  4. #24

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    Quote Originally Posted by HP65 View Post
    Tokio Marine today is not the same as TM of yesteryears (Asia Insurance)....do ask your friend to continue to monitor closely their yearly declared bonus. Just a gentle advice....and I also have policies with them.


    ]2015 was a difficult year for investments.
    Our local insurance outperform better than the foreigner in 2015. But not sure for 2016.


    Great Eastern Life@ 2.24% (2015) 7.08% (2014) 3.62%(2013) 9.76%(2012) 1.54%(2011) 6.58%(2010)



    NTUC Income@ 1.79%(2015) 5.45%(2014) 1.63%(2013) 8.56%(2012) 0.88%(2011) 5.90%(2010)



    Prudential @ 0.20%(2015) 5.90%(2014) 5.20%(2013) 11.00%(2012) 0.20%(2011) 7.20%(2010)



    Aviva @ 0.53%(2015) 5.42%(2014) 0.19%(2013) 9.35 %(2012) 1.30%(2011) 6.63%(2010)



    Tokio Marine@ -0.15%(2015) 6.41%(2014) 2.35%(2013) 10.57%(2012) ? ?


  5. #25
    Ultimate Underdog
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    3,763

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    With the GIC and Temasek announcements of reduced gains to 4%, IMO it is highly likely they will make adjustments to CPF rates soon...

    Quote Originally Posted by cbsh38584 View Post
    ]2015 was a difficult year for investments.
    Our local insurance outperform better than the foreigner in 2015. But not sure for 2016.


    Great Eastern Life@ 2.24% (2015) 7.08% (2014) 3.62%(2013) 9.76%(2012) 1.54%(2011) 6.58%(2010)



    NTUC Income@ 1.79%(2015) 5.45%(2014) 1.63%(2013) 8.56%(2012) – 0.88%(2011) 5.90%(2010)



    Prudential @ 0.20%(2015) 5.90%(2014) 5.20%(2013) 11.00%(2012) 0.20%(2011) 7.20%(2010)



    Aviva @ – 0.53%(2015) 5.42%(2014) 0.19%(2013) 9.35 %(2012) 1.30%(2011) 6.63%(2010)



    Tokio Marine@ -0.15%(2015) 6.41%(2014) 2.35%(2013) 10.57%(2012) ? ?
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


  6. #26
    OCR properties going to crash! teddybear's Avatar
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    As highlighted by others, Temasek's calculation of annualized return is using flawed methodology (according to the SCMP article on 17 July 2012, "there is a tooth fairy" in Temasek's 17 per cent annual total return gain..................) - because they seem not to have included subsequent capital injections into their annualized return calculation since inception.

    So question then is: Is GIC using same flawed methodology as Temasek in calculating their annualized return???

    If so, then the real return may even be lower, and it is worrying...........

    Quote Originally Posted by Kelonguni View Post
    With the GIC and Temasek announcements of reduced gains to 4%, IMO it is highly likely they will make adjustments to CPF rates soon...


  7. #27

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    Quote Originally Posted by teddybear View Post
    As highlighted by others, Temasek's calculation of annualized return is using flawed methodology (according to the SCMP article on 17 July 2012, "there is a tooth fairy" in Temasek's 17 per cent annual total return gain..................) - because they seem not to have included subsequent capital injections into their annualized return calculation since inception.

    So question then is: Is GIC using same flawed methodology as Temasek in calculating their annualized return???

    If so, then the real return may even be lower, and it is worrying...........
    Don't worry uncle Sam already teach us how to print money.


  8. #28
    OCR properties going to crash! teddybear's Avatar
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    But Uncle Sam is printing money that is used all over the world - the US$......

    Unless they can also print US$, print S$ useless lah (not accepted universally in the world)!

    Quote Originally Posted by Arcachon View Post
    Don't worry uncle Sam already teach us how to print money.


  9. #29

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    When they print we have to print else exchange got problem. 1billion in a year.


  10. #30

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    Quote Originally Posted by Kelonguni View Post
    With the GIC and Temasek announcements of reduced gains to 4%, IMO it is highly likely they will make adjustments to CPF rates soon...
    In early 2015, our PM announced that those 55 & above will receive not 1% but 2% for the RA acct.
    1st 30k - 6% = $1800
    next 30k - 5% = $1500
    Above 60k - 4%

    I am not sure whether they will make adjustment to CPF rates so soon when our PM just announced a
    GOOD NEWS for those 55 & above to gave extra 1%-2% as mentioned above.


    In the late 70s & ealy 80s, our parent bought their 1st 4rm HDB flat < $30k. Now it is worthed >350k to 450k
    after > 30 yrs later. They should have no problem to retire as HDB allow a Lease Buyback Scheme (LBS)
    They are eligible for the LBS as an additional monetisation option if they are from an elderly household living
    in a 4-room or smaller flat. Through this scheme, you will be able to tap on your flat to receive a stream of
    income in your retirement years, while continuing to live in it.


    I am 100% sure that the today BTO 4 rm flat $300k will not shoot up to $3m in 30 yrs time. We are a developed
    economies & growth rate will be 1-3% . Not 8%-12% in the 70s to 90s.


    As you have said, OUR GIC and Temasek announcements a reduced gains to 4%. So what make you very sure
    that you can BEAT & outperform our GIC & TEMASEK 4% return in long run.


    CPF is one of the best tool for retirement planning. If we do not fully make full use of the compounded 4% interest
    rate at young age. We may have problem in our retirement if somehow we SCREW our investment or habitutal
    spender when huge liquid CASH is so easily avail at a touch of BUTTON in our BANK acct.


    @IT CAN BE DONE@ to be able to Accumulate $1m in your CPF by age 55 to age 57 with starting pay ONLY $2500 at age 25.
    The best part is that you only use 20% of your salary + 17% employer contribution to your CPF acct. No voluntary CASH involved.
    At age 55. three CPF acct OA + SA + MA = One million dollars. Dont need to be a HIGH income earner to reach $1m in your CPF


    But only the minorities have the financial capablity , determination & discipline to prorities their retirement need when young & transfer
    from OA (2.5% - 3.5%) to SA (4% to 5%) to see the magic of compouned interest in their special acct.


    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 transfer OA to SA. Example By age U should have OA=$112k. SA=33k
    Move 67k from your OA to SA (33k + 67k ) to increase your SA to $100k tgt.

    It will be better if he/she can internal transfer up to the max ceiling of $161k for 2016 as ealy as possible if he/she has the financial capablilty
    when young. Once the max 161k ceiling is reached. U are no longer allow to internal transfer from OA to SA. Your CPF-OA will still continue
    to grow.


    Once your SA=100k is reached by age 35. You know that the BIG WORRY min retirement need is SETTLED .You can concentrate to
    enjoy your life style without any worry about your min retirement need @ age 65. Your SA will continue to grow even more SA>$100k if
    you are still working after @ age 35.

    SA @ $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








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