How do you plan to grow your nest egg ?? :)

[verykiasu2010]

Eagle-Ladybird:

But don't forget, CPF is also usable for property and other approved investments i.e. stocks and etc.

only a small portion of it, not the full amount in the CPF account can be used

[DesertWind]

Eagle-Ladybird:

Ming, if the amount is not substantial why not top up your CPF instead to earn 4%

Hi Eagle-Ladybird,

CPF is a good vehicle if you want to build up your retirement nestegg and you don't need the money for many many more years to come! The 4% is definitely attractive & I have considered doing this as well. But not forgetting CPF is now trying to cut this interest-rate down to be on par with the SGS interest-rate so won't be at this level forever.

In the past I would say the past 15-20 years or so if one kept CPF funds and did not withdraw for any investment, the compounded interest rate would have snow-balled to a large sum of money and can grow nest-egg in this way. Furthermore upon age 55 years old can take out this nest-egg already.

However nowadays, retirement age has been raised to 62 years old and it has been announced that it is going to increase furthermore right? Also with the \"annuity scheme\" in consideration for the good of our citizens, we can no longer withdraw one lump sum right? So must pay a lump sum to buy annuity of perhaps each month take out a few hundred dollars over 10 to 20 years?

Also the withdrawal ceiling for using the CPF to buy properties and investments has been increasing and not yet ended will be increased over the next few years.

So with all the above measures, taking out CPF even for investment is no longer so straight-forward. In a nutshell, it is reasonable for most to feel we may not see our $$$ again.....

So right now, don't want to put anymore $$$ into CPF because the ceiling is going to increase and may not be able to use this $$$ even for investment.

Earning 4% with cash locked-up for 20-30 years is this a price you want to pay?

So now trying my best to think how to take $$$ out instead to be more liquid.....

[hquek]

mwchua:

Before the 30 Aug announcement, property seems a viable proposition. But now I do intend to move nearer to my girl's school once she reaches morning session, so have to consider the latest ruling announced.


Hopefully there will be refinement to the property measures, once the big \"e\" day is over

it really depends on how the wind is blowing. Once upon a time, hdb measures were fairly strict - no subletting etc; then it all went loose and prices spiralled like nobody's issue. Now controls are back in again. What I am trying to say is, stuff that's used for tightening may be loosened again, only thing is we don't know when.

For me, I'll keep my hdb very tightly, and hold on to some cash/liquid stuff so I can take advantage should the right opportunity arise.

[mintcc]

DesertWind:

So now trying my best to think how to take $$$ out instead to be more liquid.....

got way to take $$$ out of CPF ? :scratchhead:

[DesertWind]

mintcc:

got way to take $$$ out of CPF ? :scratchhead:

So far I can only think of the legit. way which is to use the funds and invest in property to the max! If can invest in a 2nd property, rent out get rental income, that is one way.... Assuming if one sells the property and return the funds to the CPF and did not reinvest in anything else, then the CPF would be subjected to the changes in the rules & regulations of withdrawal. So when building up CPF to enjoy interest rates, must think. Using the funds must also think...

[sharon.030325tan]

Hi all, im here to help each individual with their wealth management and planning. If you are interested to find out more you can private message me. will be more than willing to help.

[mintcc]

DesertWind:

mintcc:

got way to take $$$ out of CPF ? :scratchhead:

So far I can only think of the legit. way which is to use the funds and invest in property to the max! If can invest in a 2nd property, rent out get rental income, that is one way.... Assuming if one sells the property and return the funds to the CPF and did not reinvest in anything else, then the CPF would be subjected to the changes in the rules & regulations of withdrawal. So when building up CPF to enjoy interest rates, must think. Using the funds must also think...

hianz... so far only got enough $$$ to pay for my own house...

[dark chocolate]

Hi, I believe in order to manage finances well, one will have to start off with some financial awareness in order to be financially savvy? How did you pick up your financial skills? If you had attended any workshops/seminars that were useful, can you please share some details?

[worryfather]

DesertWind:

mintcc:

got way to take $$$ out of CPF ? :scratchhead:

So far I can only think of the legit. way which is to use the funds and invest in property to the max! If can invest in a 2nd property, rent out get rental income, that is one way.... Assuming if one sells the property and return the funds to the CPF and did not reinvest in anything else, then the CPF would be subjected to the changes in the rules & regulations of withdrawal. So when building up CPF to enjoy interest rates, must think. Using the funds must also think...

Hi DesertWind,

I heard that (if I am not mistaken), when you reach certain age, if CPF assess and determine that you wont have enough minimum sum required by the time you retire, it will stop you from paying installment using CPF.

Not sure is it true or not. anyone can confirm?

[daddy2007]

verykiasu2010:

for stock market, once it hits my target return, I let go, even if it goes up some more, no regret...because could have lost all. if we all know what is tomorrow....then no need work so hard now

For me, I just take care of the downside (having a trailing stop or buy below intrinsic value) and let the upside take care of itself

Else I will have to hammer myself if the stock/ETF keeps going up & I have already let go