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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
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    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
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    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
    Join Date
    May 2012
    Posts
    3,682

    Default

    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.



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