How to be a millionaire with CPF | THE BIG STORY
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- In his latest piece, Invest editor Tan Ooi Boon gives the best tips on how you can reap returns of between $200,000 and $1 million for your retirement with your CPF. READ MORE:
str.sg/JDxZ
0:00 - Introduction
0:50 - Maximising CPF
2:25 - More from CPF Life
3:59 - Misconceptions about CPF
Watch the full episode of The Big Story: • Ministers clarify Trac...
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His word is so true, i am 59, regret not to top up cpf at youger age, now too late alreadi
This guy is basing on situation where the cpf member has no urgent need for this money. Living in his theoretical world?
This guy left out three important points. What is the percentage of the population who are able to achieve $200K plus in their CPF after paying an entire life of mortgage loan? What if the family suddenly needs money after 65 years old, can all the remaning money be taken out without condition? Third question is what happens to the CPF money if a person passed away at 68 years or three years after taking 2K plus per month? Will the family be able to inherit the money from CPF unconditionally or is it subject to some terms? Spend less and save more right? What happens to a retiree who have grown up children. Is the retiree going to spend more and burden his grown up children or continue to save even more after retirement so as not to burden his growth up children who are also setting up their own family?
A lot hor. Only you who sell house after get BTO. Profit and buy car cannot make it
Put $279K and you get $2300 until you die. That the CPF lor
If you work with cpf contribution,you be able to acheive 200k and using houding refund to pay cash for your house and tapping the 4 percent in special account ,you be able to do that.
Empowered yourself with more information and find a consultant in cpf board to walk through this.
Cpf scheme is the best riskfree scheme.
When my mom passed away, all her CPF money, OA SA MA.... goes to her nominee in a month. That should answer one of the question above.
Thanks you
rather than looking at instant gratification, can use cpf as a way for delayed gratification to not only help yourself and your loved ones as well. 🙏
It is better to lock up money in cpf.. If see lots of money in saving account, will feel rich to spend away the money quickly. It is human psychology. Difficult to control. I have been through it before, and I regretted.
Not a good thing when they came out to promote CPF. That means, they r in cash shortage.
600 dollars TOPUP🤣🤣🤣🤣🤣
Nah, they can just raise money from selling more singapore saving bond, why pay 4%/2.5% when you can pay 0.3% for the cash
@@Guyontheinternet_ spending future money is sign of cash shortage too
Learn to live within our means. Do not be greedy or envious . I do not like people to tell me what to do with my money.
My Medisave is more than CPF......CCBbbbbbbbbbbbbbbbbbb
Actually in this day and age post Seng Kang GRC, many are very discerning already. The old model no longer works
How come?
Just put SA then
should just come out letter of undertaking those who want to take out and squander their CPF shall receive no help from government bcos that is our tax payer money.
Err...
Help?😆
@@littlelee9391 mcb oppigs
@@ahchoon9067 yah you should put all your cash in your own cpf to earn more money for your next generation. But of cos you won't be able to use it.😆
@@ahchoon9067 by the way where is the tax payers money? How much is the tax payers money. How much tax you pay?
If before 65, one passed away, how much $ inside cpf also no use la.
Wow, you actually dare to make Politically Incorrect comments? But you have a valid point.
@@arrowstheorem1881 but like what Wei koot mentioned, its better to have some $$ inside, rather than empty.
ya la for you no love one nobody love of course no use la
Can leave it to family
can pass to family laaaaaaa.....pls do your homework ! as for medisave can snowball to 1 mil..generation to generation without big sick
Do you guys know what is the role played by this guy? His rice bowl depends on what? Is he related to Mar Bro Tan?
$2000 a month wont be worth much in 30 years time :(
It will be a much bigger payout then...it increases yearly.
That is why they are increasing FRS.
My wife and me are reaching 55 yo very soon. End of last year, we received more than 30k of interest from CPF.
2 person mah. No big deal leh
Very good New can saving cpf more👍👍🏻👍👍🏻 cashinbank 😁
CPF $$$ IS OUR $$$ AND NOT JUNTA PAP $$$
DAYLIGHT DREAMER🤣🤣🤣🤣🤣WHERE ARE THE GOALPOSTS🤣🤣🤣🤣🤣GOD BLESS SINGAPOREANS🤣🤣🤣🤣🤣NO MORE TAXES/FINES....EVERYTHING FREE🤣🤣🤣🤣🤣
for the rich get richer from public money. the poor get peanuts. so much to like cpf if you are rich.
But the poor can't do much with the money lying idle in the bank.
Hmmm. All this money will be pass to next generation. Next generation will have money to buy house. Another words, property prices will keep on increasing. (stable increasing). That's one of the plan.
If a commoner can be millionaire. Imagine the leaders.
What about the opposite?
The leaders are paid well with salary. CPF can't make anyone richer than they are because there is limited amount of money that can top up every year. It is only for insuring old life. Not for becoming super rich.
ppl just wan freedom to do what they wan with their money.