SA top-up – Theory of Constraints

Withdrawals of CPF savings from 55 — How much can you withdraw from your CPF SA / OA / RA Scenarios

I wanted to strengthen my understanding as well as my readers’ on CPF lump sum withdrawal from age 55 after my last post on whether you can withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS. Some questions got me thinking, but I thought that just thinking ain’t goingContinue reading “Withdrawals of CPF savings from 55 — How much can you withdraw from your CPF SA / OA / RA Scenarios”

Can you withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS?

Most of the time when we talk about CPF contribution, we are usually thinking more of the Employer / Employee contributions. Let’s not forget, CPF contributions for freelancers or Self-Employed is equally important for retirement planning. This interesting question just popped up today: Can RSTU cash top-up to SA be withdrawn from age 55 onwardContinue reading “Can you withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS?”

Leaving behind a Legacy for your Child, via his CPF SA top-up

While CPF SA Shielding and OA Shielding — A Live Example is more applicable to more senior adults who are nearing the age where RA is formed at .age 55, there is a group of people who are believers in giving a kick-start to their children’s CPF retirement planning early by inculcating transferable and manageable savings and investment habitContinue reading “Leaving behind a Legacy for your Child, via his CPF SA top-up”

Simulating the compounding of SA from young

I initiated the top-up of my child’s SA in September 2019 to kick off the power of compounding interest. A monthly $100 top-up is a small but steady way in building up her assets. To reiterate, the first $60,000 of combined balances (with up to $20,000 from the OA) earns an extra 1% interest. ItContinue reading “Simulating the compounding of SA from young”

Power of compounding your child’s SA from young

All Singapore Citizen newborns born on or after 1 January 2015 qualify for the enhanced $4,000 MediSave Grant for Newborns. This means that each Newborn kick-start their lives on this world with $0 in their Ordinary Account (OA) and Special Account (SA), and $4,000 in their MediSave Account (MA). Wow! This is a great startContinue reading “Power of compounding your child’s SA from young”