Alamak, another blog post on the CPF?
Quick, those who are tired of the topic, close the window!
My mother is going to be 70 years old next year.
When she turned 55, $65,000 was moved into her then newly created CPF-RA. That was the minimum sum for her cohort, apparently.
My mother is still actively employed but is thinking of retiring soon.
"Ah boy ah. Can help me go into my CPF account online or not? I want to see how much I have now."
"You want to see how much money government gave you, is it?"
"Aiyoh, cannot be a lot lah. Maybe now my CPF-RA will have $80K or $90K lor."
"You will be pleasantly surprised."
After 14 years, what has happened to the money in her CPF-RA?
|Click to enlarge.|
"I so stunned like vegetable! Haha."
Stunned already can still laugh?
OK, no need to call ambulance.
If there is a need for it, this will provide her with a monthly income.
What? People say don't be stupid to top up your CPF-SA?
1. Get 6% from CPF?
2. Financial strategy for elderly?
3. Retirement funding adequacy.