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




How much CPF do u have?

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  #31 (permalink)  
Old 21-06-2021, 07:23 AM
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Sound like you are not a contented person and paranoid by those insurance experts

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In my late 40s.
OA: 315k
SA: 246k
MA: 62k
Co-own a 5 rm hdb flat and utilise some CPF funds for insurance investment in my youth.
Feeling a bit worried about retirement as I have not even hit a million in cash savings or own a second property.
Think my monthly expenses too high. Any advice?

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  #32 (permalink)  
Old 21-06-2021, 01:55 PM
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How old are you? I feel very stress when ppl tell me I am going to be a beggar in old age. They say we need 3 million for retirement. To live in comfort.
I am 54, my wife 53.

Sold away FH inter-interrace. Got a 999-yr condo under my wife's name. Loan for 3 yrs as interest rate is lower than CPF OA rate. Will fully settle after that.

I have about $1.1M in OA and SA. I have some savings from insurance. I don't think I got much, about $250k if I surrender. My wife about the same.

My wife and I have about another about $1m in liquid assets - stocks and cash.

We are very tired after working for 30+ yrs. Kids are in their 20s and finishing their local tertiary education. Looking to retire in 2-3 yrs time.

I do not believe I am well off. I would say comfortable.

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  #33 (permalink)  
Old 21-06-2021, 02:04 PM
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I am 54, my wife 53.

Sold away FH inter-interrace. Got a 999-yr condo under my wife's name. Loan for 3 yrs as interest rate is lower than CPF OA rate. Will fully settle after that.

I have about $1.1M in OA and SA. I have some savings from insurance. I don't think I got much, about $250k if I surrender. My wife about the same.

My wife and I have about another about $1m in liquid assets - stocks and cash.

We are very tired after working for 30+ yrs. Kids are in their 20s and finishing their local tertiary education. Looking to retire in 2-3 yrs time.

I do not believe I am well off. I would say comfortable.
Mind sharing the industry / position that you and your wife are currently in/holding?

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  #34 (permalink)  
Old 21-06-2021, 02:45 PM
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Mind sharing the industry / position that you and your wife are currently in/holding?
Both of us are in the IT.
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  #35 (permalink)  
Old 27-06-2021, 05:01 PM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
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  #36 (permalink)  
Old 28-06-2021, 02:20 PM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
I have 806k in OA and 200K in SA.
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  #37 (permalink)  
Old 28-06-2021, 08:15 PM
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I have 806k in OA and 200K in SA.
How old are you ? And if u actively re-Invest ur OA ? And if the house had been fully paid off ? I suppose is via cash since u have OA balance.

Cos once you hit the cap for Employer/Employee contribution , your OA will only be going up a steady rate excluding the interest u can earn .
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  #38 (permalink)  
Old 28-06-2021, 11:41 PM
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How old are you ? And if u actively re-Invest ur OA ? And if the house had been fully paid off ? I suppose is via cash since u have OA balance.

Cos once you hit the cap for Employer/Employee contribution , your OA will only be going up a steady rate excluding the interest u can earn .
I am the one that posted #32.
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  #39 (permalink)  
Old 29-06-2021, 12:42 AM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
Not OP but there’s a pretty active discussion on the steps you can take to achieve this. Just google 1M65.
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