How much CPF do u have? - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > CPF (Central Provident Fund)

CPF (Central Provident Fund) All about OA, SA, MA and RA, and strategies to optimize your CPF




How much CPF do u have?

Reply
 
Thread Tools
  #11 (permalink)  
Old 05-06-2013, 03:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Rhys View Post
Not married. Earning 3k mthly. Still got non working-parents obligation. Just scared not enough money retire.
How can you earn 3k monthly and yet have only 40K odd in OA? You started work at late age?

Reply With Quote
  #12 (permalink)  
Old 05-06-2013, 03:50 PM
Unregistered
Guest
 
Posts: n/a
Default

in my early 50s

OA: 418K (another 358K inclusive interest, withdrawn to pay for home)
SA: 174K
MA: 43.5K

Reply With Quote
  #13 (permalink)  
Old 05-06-2013, 05:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
in my early 50s

OA: 418K (another 358K inclusive interest, withdrawn to pay for home)
SA: 174K
MA: 43.5K
Hi Sir thats remarkable, can I safely says that u are on the way to retirement soon? How did u get earn such a big figure? Are u living in condo or HDB? Thanks for the enlightenment

Reply With Quote
  #14 (permalink)  
Old 05-06-2013, 08:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi Sir thats remarkable, can I safely says that u are on the way to retirement soon? How did u get earn such a big figure? Are u living in condo or HDB? Thanks for the enlightenment
The amount may be remarkable, but I don't think it is a good model to emulate. It shows the money was not invested for better returns. It could have been invested in a property which would have reaped capital gains as well as provide rental income - this is only way to take cash out of the CPF!
Reply With Quote
  #15 (permalink)  
Old 05-06-2013, 10:25 PM
Unregistered
Guest
 
Posts: n/a
Default

OA $30k
SA $120k
MA $40k

Owns 3 condos, fully paid. Total worth of 3 condos $3.6m. If only I could use my SA to buy another condo, it would better utilized. I am good at investing.
Reply With Quote
  #16 (permalink)  
Old 05-06-2013, 11:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
OA $30k
SA $120k
MA $40k

Owns 3 condos, fully paid. Total worth of 3 condos $3.6m. If only I could use my SA to buy another condo, it would better utilized. I am good at investing.
correction: you have been lucky in your investments.
Reply With Quote

  #17 (permalink)  
Old 06-06-2013, 07:18 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
correction: you have been lucky in your investments.
Not true, I am indeed very good at investing. I accumulate my OA and cash savings to prepare to buy during downturns and crisis. I bought my first condo in 1985 during the recession, my second condo in 1999 during the Asian financial crisis and my third in 2009 during the recent global crisis. As you can see that is why my OA is so low because I have utilized it. My returns from my property investments is many times fold. I don't understand why we have all this minimum sum thing. They should exempt those rich people like me from the min sum as I can very well take care of myself. The min sum is only for investment illiterate people.

I am building up my cash reserves to buy another condo during the next market downturn in 2025. I have 12 years to prepare.
Reply With Quote
  #18 (permalink)  
Old 14-06-2013, 04:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Rhys View Post
Not married. Earning 3k mthly. Still got non working-parents obligation. Just scared not enough money retire.
its weird tat u r earning 3k n considering u r 31 n ur odinary has only 40k... some more u r not married n not yet buy a house. did u use it for investment in stock?

u should have started working at around 23 since u r a dip. even if u got a starting pay on 1500, along the 8 yrs + current salary u should have more than 40k.
Reply With Quote
  #19 (permalink)  
Old 15-06-2013, 02:57 PM
Unregistered
Guest
 
Posts: n/a
Default

early 40s

OA - 260k + 35k in investments
SA - 97k + 15k in investments
MA - 43.5k
Reply With Quote
  #20 (permalink)  
Old 15-06-2013, 05:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
early 40s

OA - 260k + 35k in investments
SA - 97k + 15k in investments
MA - 43.5k
R u making better returns investing your CPF money? SA giving 4% and very safe, so it is hard to beat.

Noticed u r already 40+ but didn't use any CPF for property. Buying HDB could be a safe investment, better than shares.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


» 30 Recent Threads
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,058 Replies, 1,635,074 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
549 Replies, 106,794 Views
Lawyer Salary ( 1 2 3... Last Page)
12,961 Replies, 4,314,822 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,066 Replies, 1,136,007 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
716 Replies, 169,862 Views
Career as Teacher ( 1 2 3... Last Page)
3,816 Replies, 2,381,502 Views
How much does influencers make... ( 1 2)
12 Replies, 3,904 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,255 Replies, 918,151 Views
Job Advice:Is it better to start... ( 1 2 3)
21 Replies, 2,512 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,473 Replies, 700,046 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,486 Replies, 4,254,274 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,918 Replies, 2,422,262 Views
HDB (under MND) ( 1 2 3... Last Page)
453 Replies, 357,807 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,866 Replies, 1,645,936 Views
Compare civil service salary ( 1 2 3... Last Page)
12,273 Replies, 7,128,272 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,250 Replies, 620,068 Views
Starter job for HR
5 Replies, 303 Views
MOM(ACE) offers good career... ( 1 2 3... Last Page)
34 Replies, 3,541 Views
Tech Public Sector vs Non FAANG...
7 Replies, 826 Views
GovTech ( 1 2 3... Last Page)
418 Replies, 295,462 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,518 Replies, 1,332,286 Views
Can I start new employment while... ( 1 2)
11 Replies, 3,026 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
551 Replies, 420,819 Views
Anyone heard of being a ship... ( 1 2 3... Last Page)
77 Replies, 192,407 Views
Starting business as civil service ( 1 2)
11 Replies, 6,159 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
990 Replies, 711,291 Views
ITE (lecturer) ( 1 2 3... Last Page)
246 Replies, 203,294 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,932 Replies, 470,883 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
47 Replies, 25,012 Views
Looking for working partners for...
4 Replies, 2,142 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:59 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2