Sunday, February 18, 2024

What is the impact to me for the CPF closure of Special Account (SA) at age 55 ?

My numbers are out.

With CPF Special Account (SA) force closed at the age of 55 and with "no CPF SA shielding", the impact for me would be:

(1) At my age of 65, liquidity dropped S$130K
(from S$1.28 million to S$1.15 million).

(2) At my age of 65, CPF balance dropped S$100K
(from S$1.9 million to S$1.8 million).

Well, we can always use CPF OA to buy DBS, SATS, SIA, Mapletree Industrial Trust.

I can also draw out the CPF OA monies to help my son to buy private property with no ABSD!

Be water!

Monday, January 1, 2024

Break S$1 million milestone in CPF balance (Happy New Year 2024!)

Woo Hoo!! Our CPF balance shot through S$1 million milestone for the first time on January 1st, 2024.

S$1,012,790.70


It does not reflect the true amount at CPF dashboard because we have CPF OA monies in T-bills, enjoying 3.95% P.A., total amount invested in T-bills are S$142,161.40 + S$156,850.70 = S$299,012.10. This amount is not shown in the CPF balance.


One T-bill will be matured on January 24, 2024 and two T-bills will be matured on April 30, 2024. 

By then, we will receive total amount of S$305,000

Total interest to be received S$5,987.90.


We have used CPF OA monies of S$100,349.25 + S$172,246.25 = S$272,595.50 for housing loans.



We top up our MA accounts every single year on January 1st to reach the new BHS figure, for the tax relief purpose.

BHS for year 2024 is S$71,500.


We continue to advocate CPF top up to child's CPF SA account and self 's MA account


It's great to see the compound interest effect at almost risk-free CPF account.



The national benchmarking:

The latest data (as of 31 December 2023) will only be published by CPF in July 2024.  

Friday, December 29, 2023

Big homerun in year 2023

I had a big homerun shot in year 2023.

In fact, it clocked the highest annual gain (in quantum).

Year 2023, I am satisfied.

I wish I have the same good year for 2024!

Hall of Fame (2018 to 2022)

Tuesday, December 19, 2023

12 days Japan trip (December 2024)

We just booked 3x SIA tickets to Tokyo in December 2024!

This is going to be our 4th trip to Tokyo. :) We should tour towards Mount Fuji this time.