MAXIMISE YOUR CPF | 7 WAYS YOU NEED TO TAKE NOTE OF NOW! | Retirement planning

CPFOA 2.5%pa was once viewed as a great return. But now? 2.5% seems too little.
Today, you'd hear 7 ways to maximise your CPF better. These 7 ways could get you more than 2.5%pa from CPFOA interest returns.
#cpf #cpfoa #retirement
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0:00 Introduction
0:34 Fixed deposit
OCBC has 3.4%pa offering now.
I believe UOB and DBS will soon be copying it and offering something to savers
You can only have one CPFIS account
1:49 Treasury bills T-bills
I've been lobbying to halt this actually looking at the big picture of deposits needed
3:16 Buy SG stocks and certain ETF
Only 35% of investable amounts.
You need a cpfis account first
5:10 Invest into funds
Infinity US 500 stock index fund
6:15 Buying properties
7:58 Pay off home loan
My floating home loan is now above 4% already
9:44 Transferring CPFOA to CPFSA
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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[@kelvincheng5901]

Good video as always. Especially at a time when inflation is heightened and Spore is AGAIN the most expensive city in the world! What an honour!!

[@joshconsultancy]

I'm not pro government but I think some things they have done should be appreciated. SGD is pretty strong and needy families are well taken care of with NTUC and CDC vouchers to combat inflation =)

[@ABC8115X]

Really responded to my request😄😘😘Thank you very much, Josh😘😘... I am a PR, that's why, i Need your guidance.

[@joshconsultancy]

No probs. Happy to be of help =)

[@cindy32mm]

Hey Josh, thanks for the great insights. What’s ur thoughts on 2 rooms Hdb for single in resale market? Is it a good fair choice? Everyone is talking 3 rooms and above. Thanks,😊

[@joshconsultancy]

No probs =) . For 2room flats, some are in HDB rental scheme. The environment is abit different to put it politely.

[@kelvingoh7746]

Thank you for your video. Great insights as always. I am 58 and have 40K in OA, 60Ki n SA and met my basic retirement sum. Do you know whether how much of OA I can use for OCBC CPF Fixed deposit without touching my SA?

[@joshconsultancy]

I assume can touch all. But safer to double check w OCBC k =)

[@R6ex]

CPF OA FD. Done! Extra $3K in a year. Not bad.

[@cazpk6840]

I am concerned about the loss of CPF compound interest for OA for the FD for that 1 year ...

[@R6ex]

@@cazpk6840 lose 2.5% gain 3.4%

[@chiaweinam]

Josh, I started investing into the Syfe China portfolio recently. Is it subjected to any withholding taxes on dividends and multiple rounds of currency exchange (e.g. SGD - USD - RMB)? It seems to follow US trading hours but I thought China trades during Spore hours.

[@joshconsultancy]

The underlying etfs are US listed ones do note

[@chiaweinam]

@@joshconsultancy Syfe: "MSCI China is domiciled in US. Investors will incur 30% dividend withholding tax for US holdings. Dividend yield for MSCI China is also minimal, averaging 1+% per annum so its not substantial"

[@chiaweinam]

Syfe: "Funds conversion wise, its not RMB as the exchange is HKD, so there is a FX component from SGD to USD and then to HKD, but its a non issue as HKD is pegged to USD. So your FX exposure is really SGD to USD only."

[@R6ex]

Question, can transfer OA to MA (medisave)?

[@joshconsultancy]

Cannot transfer to MA

[@lumvincent7431]

Last fri , both my wife n i placed $50K OA each with ocbc FD 3.4%. Need 2 standby some OA when USA kena recession next yr !

[@joshconsultancy]

yes =)

[@joelreyes9875]

Can u do a review of Infinity US S&P 500 Stock Index Fund ? Should we invest our cpf or cash?

[@joshconsultancy]

It gets you S&P500. Im bearish on tech and prefer STI for now. But i could be wrong. =) Topic on cash or cpf really depends and actually not be that big of a difference. The focus instead should be the strategy and time horizon...

[@limcheehean]

What about buying 10 - 20 years SGS bonds?

[@joshconsultancy]

Agree. I should add that in as #8

[@adrieltan6089]

Josh, wanted to clarify on what you mentioned that you could only invest 35% of OA after putting aside $20k. I just checked my cpf app and it didnt require this 35% limit....

[@joshconsultancy]

Stocks and ETF need. Funds no need. It will be under professionally managed products which is full amount after 20k

[@boonhonyeoh3761]

Maybank offer fixed deposit interest rate at 5%per annum

[@joshconsultancy]

For CPF funds? think its cash only... but still resist and invest into markets

[@cltoh8409]

Why no mentioned on cpfoa investing on roboadviser like moneyowl?

[@joshconsultancy]

Coz they are my friendly competitor??? But one I hold in high esteem =)

[@guinguin4270]

does the returns go back to OA?

[@joshconsultancy]

yes of course

[@marktn9851]

Why can OCBC take out yr OA but you cannot?

[@joshconsultancy]

it is invested w them. Not drawn out as cash...

[@simcn73]

Buy Infinity US S&P 500 Stock Index Fund via Endowus .. I am already up 5%++ since investing in June

[@mynameisusedz]

Lol why would you want to stop ppl using CPF OA to invest in T-Bills. If the issue is bc it is oversubscribed, then you should be asking why aren't the three local banks offering any decent alternative when the risk free rate is 4% and the best OCBC can do is 3.4%?

[@mynameisusedz]

At least it drains CPF liquidity...maybe that will incentivise better due diligence.

[@joshconsultancy]

Let it be for cash only so that those parking short term needs match the product for the need?

[@mynameisusedz]

@@joshconsultancy If theres a demand why should the supply be witheld? Both in terms of short term cash and cpf because both do not meet the risk free rate.

[@mynameisusedz]

@@ethangs8471 That was exactly my point..OCBC is offering FD for CPF funds only at 3.x% while the risk free rate is 4.x%. Either way, why would you want to let the three local banks generate alpha on your CPF savings if you can alr get better yields on your own with Gov Bonds.?

[@jamesong5296]

Hi Josh, Would like to ask for your opinion on putting money into MA or SA? There has been suggestions to max out the MA account first so that money would be diverted into SA and OA during CPF contribution with the interest earn. However others have advised me against it as SA is a better option due to better rates and MA will be locked unless there is a medical emergency.

[@joshconsultancy]

Both pay 4%. it depends which u like more, hard to say one better than other. MA confirm will use coz insurance premiums are there. If youre near 55, then SA may potentially become liquid if you have FRS

[@money3ss]

Exodus of fund from CPF - Last of baby boomers have already cross age 55 with CPF OA/SA open for withdrawal after settle aside FRS

[@joshconsultancy]

Oh? Thanks for sharing. In your circle of friends you see it abit? ^

[@R6ex]

I'm 55 this year, and did CPF shielding instead, to lock more money inside CPF accounts to earn stable interests. So will the people close to me. Old liao; don't want the hassle & risk of investing CPF funds somewhere else, despite higher returns.

[@Phonedumb]

I've the the same as you Ronald. But I might take out all shielded SA should the opportunity arise to buy long dated Temasek bonds with higher than 4% yield. In my opinion, its just as safe being AAA rated. You might consider this option. Every bit helps I suppose, when planning for retirement