Happyinvestor

What if your CPF money continues to compound at 4-5% every year and you can withdraw the interests anytime you choose? Yes it is possible using my step by step guide! Hurry, do this before you turn 55! INTRODUCTION  If you are turning 55 year old soon, congratulations! It’s time to enjoy the fruit of your labor and years of accumulating wealth in your CPF. If you have met the Minimum retirement sum in the two CPF accounts - OA and SA, you will be happy to know there are more ways to maximise your CPF.   CPF is a flexible tool and can be a cash generating machine when used properly.  W HAT HAPPENS WHEN YOU TURN 55 You gotta start planning before you turn 55. Remember to follow these steps before this milestone, otherwise it would be too late. And I mean it literally!  On your 55th birthday CPF will create a new account called the Retirement Account (RA) by taking out money from your OA and SA. This is the order it will be done. It will first take all the mone...

A nother article on CPF and housing?  You might be asking. Well yes… there are many articles on this topic and recent flurry of bloggers weighing in on this issue, some of whom I follow and respect their point of views.  And no I do not have the answer for you.  What I want to do today is reframe the question to help you find the answer yourself and along the way, get something out of this thing we know as “CPF”!       I am sharing lessons I learnt based on my personal journey using both CPF and cash for my housing. So it is from hindsight, and again everyone's situation is different.  However, there are always key lessons to take away.  To start off, whether one should use CPF for housing is not the right question to ask.   If you see your OA as a "bank" - when you use OA funds to buy a flat or invest, you are borrowing from yourself at an interest rate of 2.5%. Hence, the question to ask is what is the best way to fund your p...