I am not going to pluck a figure out of the air in a website that gives none of what you mentioned...
I already told you it is $251k !!!
If you dispute the figure "$251k", and yet can't prove I am wrong, say so.......
Originally Posted by Ilikeu
Global recession is coming....
I am not going to pluck a figure out of the air in a website that gives none of what you mentioned...
I already told you it is $251k !!!
If you dispute the figure "$251k", and yet can't prove I am wrong, say so.......
Newbie
Look at Bequest at age 65.
I am not going to pluck a figure out of the air in a website that gives none of what you mentioned...
I already told you it is $251k !!!
If you dispute the figure "$251k", and yet can't prove I am wrong, say so.......
Ultimate Underdog
Actually if 251K, it will be capped at Enhanced retirement scheme levels and payouts should be close to 2K.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Global recession is coming....
Please go to this CPF URL:
https://www.cpf.gov.sg/eSvc/Web/Sche...ayoutEstimator
Try to select say Male,
Date of Birth 1/3/1963,
Scrutinize the word "Current Retirement Account Balance", mouse over the "?" question mark, and it reads:
"This is the balance in your Retirement Account, which is created when you turn 55 using balances in your Special Account (SA) and Ordinary Account (OA) up to your applicable Retirement Sum."
Key in $166000, and see what is the CPF Life's estimated payout.
Try it, let us know the results! (then you will learn NOT TO SPECULATE and ASSUME!!!)
Global recession is coming....
OK,You mean look at Bequest at age 65, then guess how much overhead costs CPF deduct and then guess how much you will get at Age 65 due to interests paid by CPF for an initial sum of $161k?
Why don't you just calculate using initial sum of $161k and based on interest rate ALREADY clearly spelled out by CPF for next 10 years to Age 65 instead of GUESSING by looking "at Bequest at age 65"???
Newbie
Glad that you now see it.
Because your calculation to a hard code single number is incorrect, that's why the calculator is there.
OK, look at Bequest at age 65, then guess how much overhead costs CPF deduct and then guess how much you will get at Age 65 due to interests paid by CPF for an initial sum of $161k?
Why don't you just calculate using initial sum of $161k and based on interest rate also clearly spelled out by CPF for next 10 years to Age 65 instead of GUESSING by looking "at Bequest at age 65"???
Global recession is coming....
I am right that you will give me more BULLSHIT of trying to GUESS a number when you can't backup your claim....
Newbie
Oh yeah, the cpf calculator gives you bullshit too....
You should do all of us a favour here, write to cpf and ask them to remove that bs cpf calculator and upload yours to them.
Global recession is coming....
No, CPF Calculator didn't bullshit, you are the only one bullshitting here and expecting people to find some bullshit that you claimed from that CPF Calculator!
How, Age 55 years old deposit $161k into RA,
Age 65 = $251k based on CPF clearly spelled out interest rate.
This is the HARD-TRUTH!
If you dispute this figure of $251k, then show proof, don't bullshit to look here look there look everywhere (for something that doesn't exist there) and then start to ask people to guess.... Ha ha ha! People never dispute the figure, only you do........
Newbie
If it is $251k, then if u die at 65, u will get $251k.
The cpf calculator bequest at 65 is wrong then... or maybe it is a bs calculator.
Global recession is coming....
Wow!
So you revealed that you are the MOST STUPID IDIOT here, otherwise you will not say that CPF Life will pay out full Retirement Sum of $251k at 65 years old when you die at 65 after enrolling into CPF Life!!!
Please, do us a favour, go to the URL you told us, enter the values, get the CPF Payout estimation, read the footnotes there which says:
"The bequest amount includes the Retirement Account balance and annuity premium paid less annuity payouts that have been made under the plan.".
So, CPF also told us clearly that:
Bequest = CPF Retirement Account balance - annuity premium paid - annuity payouts
So you tell us, you can guess what is this annuity premium since CPF has been treating this "annuity premium" like a state secret???
Now everything has been revealed - You are another BIGGEST BULLSHITTER here (like minority) that pluck number from the air and ignore the FACTS!!!!!!
Last edited by teddybear; 13-02-17 at 15:36.
Newbie
Obviously you do not even know how to set up a cash flow.
By inputting $251k instead of bequest amount.
Cherry picking is the way for you, troll.
Wow!
So you revealed that you are the MOST STUPID IDIOT here, otherwise you will not say that CPF Life will pay out full Retirement Sum of $251k at 65 years old when you die at 65 after enrolling into CPF Life!!!
Please, do us a favour, go to the URL you told us, enter the values, get the CPF Payout estimation, read the footnotes there which says:
"The bequest amount includes the Retirement Account balance and annuity premium paid less annuity payouts that have been made under the plan.".
So, CPF also told us clearly that:
Bequest = CPF Retirement Account balance - annuity premium paid - annuity payouts
So you tell us, you can guess what is this annuity premium since CPF has been treating this "annuity premium" like a state secret???
Now everything has been revealed - You are another BIGGEST BULLSHITTER here (like minority) that pluck number from the air and ignore the FACTS!!!!!!
Ultimate Underdog
Is there an option for zero bequest and everything goes into annuity payouts?
Supposing one already has properties to leave on, but just need more guaranteed payout?
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Newbie
I understand only Standard and Basic plans.
Choose Standard for bequest to run out earlier but IRR increases more than Basic plan in later years (if one chooses/bets on a longer life expectancy for himself).
Global recession is coming....
Oh ho ho, just now you are trying to guess the figure you will get at Age 65 from a known figure of $161k at Age 55,
then guess the figure from Bequest at Age 65 (without knowing what is the "Annuity Premium")...
And after pointing out the BIG UNKNOWN called "Annuity Premium" which CPF keeps you in the dark like a STATE SECRET,
now you suddenly need to set up a cash flow to guess this figure at Age 65....
And wait, you don't know what is the figure at Age 65 that you said we need to guess, but now you suggest to use the figure "$251k" that I calculated and this is the figure you disputed earlier! Wow! Go 1 big round to come back to use my figure of "$251k"!!! Ha ha ha!
Wow! epic shifting of goal posts..........
Newbie
No need to guess the annuity premium lah.... your life will be happier.
the cpf calculator provides u all the figures to run your IRR.... unless it is garbage in garbage out in an online calculator.
Global recession is coming....
Wow! shift goal post again!
Hei, you still haven't say how to calculate the figure at Age 65 given $161k at Age 55 which is NOT the $251k that I mentioned!
And, I have already shown the CPF Life's return if a Male can live till 82 years old to be = 0.12% (for "Standard" payout)!!!
Wow! HARD-TRUTH is difficult to bear that you need to keep disputing with all kind of nonsense that you CANNOT backup your claim!
Newbie
U already have the answer since u say cpf calculator is not bullshitting.
Global recession is coming....
Yes, you are right, you already give me the answer,
since you tell me to "By inputting $251k...", so it is true that at Age 65 you will get $251k after all if you deposit $161k at Age 55 (despite your denial earlier that $251k is WRONG) !!!
Ha ha ha! The truth has finally been revealed!
Newbie
Troll, continue to cherry pick!
Cpf calculator gave u all the answers.
Yes, you are right, you already give me the answer,
since you tell me to "By inputting $251k...", so it is true that at Age 65 you will get $251k after all if you deposit $161k at Age 55 !!!
Ha ha ha! The truth has finally been revealed!
Global recession is coming....
Yes, CPF calculator + all details on CPF Website already give US all the answers!
Some people like you are just in DENIAL state!!!
With all details available from CPF calculator and website, we can calculate these FOLLOWING HARD-TRUTHS:
1) If you deposit $161k into Retirement Account at Age 55, CPF should pay you $251k at Age 65.
2) CPF Life's return if a Male can live till 82 years old = 0.12% (for "Standard" payout)!!!
Don't understand why people will continue to disagree, and come up with bullshit ruse to tell people to look here, there, and everywhere and can't provide evidence and facts to dispute our statements???
Oh yes, because what we said are FACTS, while they have nothing to back up their CLAIMS! So no choice have to resort to such ruse and tactic!
Newbie
Yes u should then re-calculate your returns.
Select the right numbers as inputs, else it will just be garbage in garbage out again.
Global recession is coming....
You don't even know the figure of $251k at 65 years old and need to look everywhere and even ask us to guess, so how do you know what is correct and what is garbage? Seems like more bullshit from you???
Newbie
That is correct, only you know the figure of $251k at 65 because you are ignorant and do not know that (and when) the RA is deducted for the annuity premium and such interest is pooled.
Global recession is coming....
Wow!
Now you have been educated about "annuity premium"?
Didn't you say that the figure at Age 65 we can just look at the Bequest at Age 65 and saying that they should be the same and hence it can't be $251k???
Why suddenly now realize there is an "annuity premium" and hence that figure at Age 65 must be greater than Bequest at Age 65?
Good, at least you are learning....
So stop acting smart and expose that you are really damned stupid idiot trying to act smart!
Newbie
Hmm... putting words in people mouth again.....
You knew about annuity premium and yet still calculate to $251k....!
You say cpf calculator is not bs, so believe and use the numbers there!
Or probably u still trying out various iterations in the online calculator thingy.
Wow!
Now you have been educated about "annuity premium"?
Didn't you say that the figure at Age 65 we can just look at the Bequest at Age 65 and saying that they should be the same and hence it can't be $251k???
Why suddenly now realize there is an "annuity premium" and hence that figure at Age 65 must be greater than Bequest at Age 65?
Good, at least you are learning....
So stop acting smart and expose that you are really damned stupid idiot trying to act smart!
Global recession is coming....
The $251k is just plain simple Retirement Account money of $161k (at Age 55) + interests promised by CPF (and Government) over next 10 years to Age 65!...... Simple as that! FULL STOP!
It is so simple that CPF website don't even show it!
Are you that really ignorant or damned stupid or you are bent on spilling LIES and BULLSHITS to mislead people here?
Newbie
Oh... $251k nothing to do with annuity premium....
Then use what to pay for the annuity premium?
Global recession is coming....
The $251k is just plain simple Retirement Account money of $161k (at Age 55) + interests promised by CPF (and Government) over next 10 years to Age 65!...... Simple as that! FULL STOP!
It is so simple that CPF website don't even show it!
Since you still insist on disputing the $251k, then please show us what is the figure at Age 65?
Are you really really ignorant or damned stupid or you are bent on spilling LIES and BULLSHITS to mislead people here?
Newbie
Nope. The RA is deducted.
The figures are already in the bequest 65.
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