https://padlet.com/ychuttons/3d9ikfa4q67o9xms en-us 2022-07-02 07:19:23 UTC 2022-07-28 12:04:02 UTC hello@padlet.com ychuttons https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2235465206 CPF LIFE Standard (currently I have shortfall to meet my projected FRS)

My Actions Plan:
1. RSTU - OA transfer to SA 
2. SA shielding before 55 to enjoy the higher 4% p.a. interest as 2nd income source 
3. VCS to build up OSA balances as second income source + tax benefit]]> 2022-07-02 07:27:47 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2235465206 ychuttons https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2237022124 LIFE Standard:
best choice because:
1. highest payout that meets basic income need and life expectancy is 90
2. additional income source from OSA

RSTU using OA transfer + SA shielding:
demonstrated good application of dispositional knowledge
- cash used to pay off home loan and SA higher interest + SA shielding because turning 55 soon 
- he is able to maximise interest earned 
- VSC to build up OSA as another income source for liquidity and discretionary spending 

May consider investing OA under CPFIS for potentially higher return e.g. EndowUs Infinity 500 that returns average 9% p.a. vs OA 2.5% p.a. if risk profile permits
   

]]> 2022-07-05 06:09:53 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2237022124 https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2245407122 I choose CPF Life standard because i focus on prioritising lifestyle upon retirement. Currently, I have shortfall to meet my projected full retirement sum. 

My Actions Plan:
1. Grow my balances through voluntary top-up into the 3 accounts, under VCS.
2. Top up SA (since i am below 55 years old)
3. Investment of OA balance for higher return under the CPFIS scheme]]> 2022-07-18 13:10:49 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2245407122 jtxw47 https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2247630414 I choose CPF life standards as i think the payout is what i felt more comfortable with for my current spending habits. Currently i have a shortfall to meet the FRS.

My action plan : 
- Do cash top up to SA before 55
- Invest my OA that is above $20 000 to potentially get more returns


]]> 2022-07-21 14:31:02 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2247630414 https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2248664242 Standard Plan. On track.

My actions:
SA shielding and 2nd income stream from OA and SA]]> 2022-07-24 02:59:55 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2248664242 yantong_007 https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2251159792
Can consider: ▪ Top-up SA to prevailing FRS asap; once FRS is met regardless how long to 55 she will always be assured that will not have to play catch up since the 4% interest in SA is higher than the yearly increment of 3.5% in the retirement sum ]]> 2022-07-28 12:02:53 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2251159792 jtxw47 https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2251159913 Choice of plan - Sound decision based on her priority to meet lifestyle income need

Action Plan : Demonstrated that she has internalised the time value of money concepts very well as evident by:
Firstly, doing regular voluntary CPF contribution she is able to maximise the growth of her CPF funds by maximising interest earned using the risk-free interest rate provided by CPF as well as enjoying a tax-relief.
Next, by investing in ETF that is well-diversified where risk is spread across the stocks traded on a stock exchange she is able to achieve higher than the OA 2.5%.
From her actions, she is taking advantage of:
(1) time by starting young where youth is her advantage; (2) risk-free interest by CPF for her SA; and (3) higher return and well-diversified investment portfolio that can outperform her OA with again time as her strength.

Can Consider : Top-up SA to prevailing FRS asap; once FRS is met regardless how long to 55 she will always be assured that will not have to play catch up since the 4% interest in SA is higher than the yearly increment of 3.5% in the retirement sum]]> 2022-07-28 12:03:23 UTC https://padlet.com/ychuttons/3d9ikfa4q67o9xms/wish/2251159913