Exactly one year ago, I shared my CPF-SA numbers, as a friend put it, to shock and awe the most cynical of readers into action.
I think it worked as that blog post has received almost 400 FB Likes so far and also generated quite a bit of discussion.
Last month, I receive a request from a reader:
At that time, I was not sure that it would be helpful to share my CPF-SA numbers one year on but, on second thoughts, it could be a good idea.
After all, the shock and awe generated by that blog post a year ago could have worn off by now.
So, here are the numbers:
"VC" stands for voluntary contribution. AK is not allowed to do Minimum Sum (MS) Top Up to his CPF-SA anymore as he has exceeded the MS.
There was a "VC refund" for excess contribution made the year before. I blogged about it here:
The CPF is a national PONZI scheme.
So, I received a full year interest of $8,210.28 for my CPF-SA savings. The interest I receive yearly, I believe, would more than cover the planned 3% annual increase in the MS, now the FRS, from year 2018.
To find out more about the BRS, FRS and ERS, read this:
Proposed changes to the CPF system.
All of us should try to benefit fully from the CPF system and make our CPF savings a cornerstone of our retirement funding strategy. To me, it is really a no brainer.
The CPF outperformed the S&P 500 and the STI in 2015. S&P 500 was flat. The STI declined 15% and Barclays junk bonds ETF dropped 12%.
We should always make room for a risk free and volatility free component in our investment portfolio. What might that be?
I am sure you know the answer.
(If you are new to my blog, you might want to read related post number 1 below.)
1. A lot of money in my CPF SA is...
(380 FB Likes at last count.)
2. 2016 changes to the CPF and SRS.