My S$1.6M CPF Life Payout Plan Might Be Gone….

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1M65

1M65

Күн бұрын

Пікірлер: 205
@pearlchan2484
@pearlchan2484 2 күн бұрын
At the end all the money goes to DOCTOR.Rest more,not good to have jet lag frequently at you age.Take care don't think money all the time.When you have ten million,you want one billion.There is no end.End of the day,you can only eat a bow of rice.
@andrewkoh1064
@andrewkoh1064 2 күн бұрын
James 4:14 ..life is like a vapour...for your reference. I am an ex-sg late 70s. My advice to you is live each day as your last and live each day as best and happy as you could: enjoy the joy of your loved ones daily. Health is one thing and unforseen mishaps are another. Don't have to be rich to be happy!!!! Cheers.
@Longtermalwayswins
@Longtermalwayswins 2 күн бұрын
Thats why they say rich people are especially scared of dying. The poor actually dont see a need to live that long. Nothing to live for. Loo, can live until 70 very good already. You bring nothing to this world and you bring nothing with you when you die. Live so long if in misery it is pointless. You wanna enjoy your wealth then do it now and spend it all before anything happens.
@1m65
@1m65 2 күн бұрын
Live for the love of your family and friends.
@bobafett5757
@bobafett5757 2 күн бұрын
Health is the actual Wealth without it life is meaningless
@hans76sg
@hans76sg 2 күн бұрын
i agree but 70 is quite easy to hit nowadays. my view its not the number of years that matters but the quality of it. there is no point hitting 100 if you are saddled with illness and do not enjoy living.
@hans76sg
@hans76sg 2 күн бұрын
@@1m65 the chance of illness at 80-100 yrs old just gets higher and it is precisely for the love of family, i rather not burden them with taking care of a sick old man.
@cashewdadify
@cashewdadify 2 күн бұрын
Don't live to be a burden to your children. The older u get, there is increased risk of heal issues. Instead of cpf life, u can consider putting money into a property in investment which enjoys capital appreciation and rental income. After u move on, the property can be passed on to your children. Can't do that with CPF Life. Think for the good of your children.
@simonangkc
@simonangkc Күн бұрын
Death will certainly come to everyone whether you are rich or poor. Our passing is not about how much money we have but rather what good Legacy you leave behind for your love ones to remember and learn from. Many of us do not plan for retirement and I’m sure many of us do not plan for death either. But what we can do for ourselves is to educate oneself on how to rely on our own money rather than leaving a burden for your love ones to take care of you. At the end, I would prefer to leave a purposely life rather than a life with full of regrets. Take care and God Bless 🙏
@luckyeggsolar2914
@luckyeggsolar2914 Күн бұрын
Mr Loo thks for sharing! Good health and happiness for us all!!
@jwcas318
@jwcas318 2 күн бұрын
Start drawing early at age 65 made more sense to me. Who knows what the future may hold? For a couple, that's 4K a month for the rest of the life. When you're older, you need to be more discipline in your diet and cant eat like when you're young. U dont really have much to spend. I personally dont think the world will last more than 15 years at the rate we are going. So start finding meaning in life is more important than dreaming about spending future money. 😂😂😂😂😂
@philipchan0231
@philipchan0231 2 күн бұрын
Do not wish for long life and trust God to decide our life but wish for good health and happiness and love ourselves and our families.
@freddyng3623
@freddyng3623 2 күн бұрын
I read some reports that the optimal walking distance is between 5000 to 10.000 steps. Walking over 15,000 steps daily may not guarantee positive impact on health. On the contrary your knees or other organs may be adversely affected
@cortinayeo2935
@cortinayeo2935 2 күн бұрын
True, a close friend has been advocating about walks so she did 15k-20k steps daily. After 2 years, she stopped as she said her knees can’t. The optimal walking depends on individual’s knees and should not exceed 10k daily.
@alanlim7068
@alanlim7068 12 сағат бұрын
@@cortinayeo2935 My jobs and my all co-worker daily walk min 15km steps, yes is not just knee pain the feet also but not to everyone sometime pain once awhile maybe it was we get use to it.
@TLK281
@TLK281 Күн бұрын
God is in control of ourselves, not yourself. You always think of 'I' only. Sad for you!!
@printhardcopy
@printhardcopy 2 күн бұрын
Hahahaha. Finally you understand this 人算不如天算。 I have seen close ones die suddenly at age of 38. My dad, my cousin, my brother in law, and me myself almost close to death a few times, of course you can plan and plan and plan, but at the end of the day, alot things is beyond your control.
@hbtoh1364
@hbtoh1364 2 күн бұрын
Thanks Mr Loo for the sharing. I will also work towards this target. I agree that Belief is very important and the more you believe in something, the more it will happen. God bless and I pray you have a long life to extract your investments from CPF life. 😁
@1m65
@1m65 2 күн бұрын
Thank u very much
@reginatan4931
@reginatan4931 2 күн бұрын
Thank you, Mr Loo. You gave good and meaningful financial advice by tying life expectancy to CPF Life's paying dividends until our last breath. That's a good one :)
@tanweekok1
@tanweekok1 14 сағат бұрын
Mr. Loo, you are absolutely right. I am not rich, but I enhanced my cpf and am now enjoying the fruits of my labour with bigger payouts from age 70 years and higher cpf interests for the next 10 years. We control our own destiny not anyone else.
@boonkeng4079
@boonkeng4079 2 күн бұрын
Mr.loo,hope your health go smooth with no obstacle.🙏🙏🙏
@1m65
@1m65 2 күн бұрын
Thank u very much
@ocswoodlands
@ocswoodlands 2 күн бұрын
A lot of people are misled about longevity... If they read about CPF LIFE, they would have read 1 in 2 persons may live beyond 85. They would have missed out a short phrase ie 1 in 2 persons WHO LIVE PAST 65 (start drawing cpf life) will live to 85. What this means is that if 30% of people die before 65, then the actual percentage of people who live to 85 is only 50% × 70% = 35%. Also when people say the life expectancy today is 85, they are referring to a baby born today having an expectancy of 85 yo.
@燕青-p8y
@燕青-p8y Күн бұрын
Something to do with telomeres? 😮
@NahbehChow
@NahbehChow Күн бұрын
and many r misled by you. when planning for retirement, it is not what gone before but what is gg fwd. so it is not wrong to say at 65 today 1 in 2 gg to live passed 65. perhaps cpf shd give figure on at 55. then again, u will have higher accidental deaths while working. and the way cpflife work is saving at 55 compound 6% 1st 30k, 5% next 30k, n minimum 4% the rest, the fixed monthly draw out shd last til 85 from 65. n fyi, except my maternal grandfather and 2 uncles, 8 lived passed 88, and the oldest 103. the 3 died young, 60, 65 n 70 was heart attack, brain damage due to fall at 60 and the last, very bad lifestyle!
@DYeong
@DYeong 5 сағат бұрын
Yes agree with you, especially on the last sentence. Since I am here, like to share this small data collection through news report from Jan 24 to Oct 24 about Singaporean dying alone in residence only to be discovered days later. 50 to 59yrs old : 07 (6M,1F) 60 to 69yrs old : 12 (10M,2F) 70 to 79yrs old : 08 (5M,3F) 80yrs n above :02 (1M,1F) Do anyone see something there?
@jeremysng4214
@jeremysng4214 2 күн бұрын
Thanks for sharing. When you said u watch yr diet I think hard for u in JB.
@kiansengau9895
@kiansengau9895 2 күн бұрын
活在当下, 珍惜眼前!
@charlie-xf5sd
@charlie-xf5sd Күн бұрын
Mr Loo, I would like to share my own experience if I may about constipation n blood in the stools, and also about gallstones. My experience is that eating big meals can cause bloating and constipation. Also eating nuts especially groundnuts, cashew muts, fibrous veggies like ladies fingers, and fruits with hard skins like apples may rub against the intestines and the colon especially if you have piles, causing bloody stools. Try to peel the apple skins before eating them, avoid certain fibrous veggies, avoid eating nuts, avoid eating big meals, and drink more water, especially during meals. I hope this may help you get better. Also must chew your food well before swallowing, eat slowly, dont hurry your meals.
@bobafett5757
@bobafett5757 Күн бұрын
Aiyo so many steps to follow like that how to enjoy life
@leepingpua771
@leepingpua771 Күн бұрын
Belief in yourself and have realistic positive goals which you believe in keep you going!
@Callsign-Blade_RunnerSG
@Callsign-Blade_RunnerSG 2 күн бұрын
Life is UNPREDICTABLE. Not sure if you read of this story. There was a 98 year old woman in Malaysia who smokes heavily in her daily life for decades. When told that smoking was very bad for her health and that she should see a doctor to quit for “longevity”. She replied that her personal Doctor whom Constantly urge her to quit smoking had actually DIED 30 years ago at the grand old age of 67… 🤔😅
@1m65
@1m65 2 күн бұрын
😂
@燕青-p8y
@燕青-p8y 2 күн бұрын
Too much stress during wealth accumulation may be bad. 😮. Take it easy, live one day at a time.
@tancalvin
@tancalvin 2 күн бұрын
One can plan many things except life expectancy and life expectancy has nothing to do with one's belief to live long or short.
@bobafett5757
@bobafett5757 2 күн бұрын
So true cos we will never know when our time is up before we ca enjoy that life expectancy
@JohnKSTan
@JohnKSTan Күн бұрын
I want a happy life and not a long life. My simple defination of happy life is to maintain your health as young as it could be (mentally and physically). When you are at 70 your health could be in their 50 (an example hypothically). However, nature will definately take its toll one way or the other, physical health will definately get degraded over time. But as a person, your happiness may anchor at a certain criteria (define by individual) of your health acceptance for happiness. Beyond which you may and are not going to be as happy as before due to natural health impose limitations. There will come a time where you just do not wish to continue living in the state of health deterioration. A person can take and overcome challenges in many ways but will not be able to overcome the challenge of nature of our body. So do your best and live to the very best and be happy.
@MsCorydorus
@MsCorydorus 5 сағат бұрын
why do we ignore the effect of inflation. 1.6M when hit 80s or 90s, the purchasing power is weakened considerably.
@bryanlau3756
@bryanlau3756 2 күн бұрын
I invest in property and collect rental is the best approach coz I can pass the property to next generation
@Godfather1921_melo
@Godfather1921_melo 2 күн бұрын
99 lease hold ?
@BullRun-g9s
@BullRun-g9s 2 күн бұрын
Agree . prop is best. For ra it is annuity not our money. But entry barrier is high for the man on the street. Mr loo what about reits? Breakeven for ra after factoring time value of money is very far away.. also payout is peanuts in the future
@bohtangtan7253
@bohtangtan7253 2 күн бұрын
Ya, money shrink
@leonardng4711
@leonardng4711 Күн бұрын
If you and your wife think that taking advantage of the CPF Life system to maximise your withdrawal amount , then both of you quietly go and do it. But not telling the whole Singapore to follow your selfish act and advocate such selfish thinking. Government is trying to pool together all the CPF members’ money and convince the insurer to come out with this insurance to cover all CPF members’ twilight years and until they kick the bucket. We shall not instigate CPF members to take advantage of the loop hole, if there is one, and as a result create additional set of problem for the insurer or the Government. If you have better idea how to run the CPF Life system more effectively, you are most welcome to suggest to the world (Singapore).
@masnur7007
@masnur7007 Күн бұрын
100 ??? 😂... you gotta be joking bruh, even the great LKY couldn't make it!
@bobafett5757
@bobafett5757 Күн бұрын
He thinks he is the next Mahathir
@leewmlee
@leewmlee 2 күн бұрын
I wish gov would have some kind of CPF interest account tied to government land sales!
@akeetew9706
@akeetew9706 2 күн бұрын
Mr. Loo, from your presentation, you have good odds in your favour. So keep your aim. But also be mindful something less can result. Just accept it and you will have a happy life. That's most important.
@1MW9
@1MW9 2 күн бұрын
That is all assuming that PAP or the future govt doesn't shift the goal post. The latest SA closure was already a grim reminder that anything can change, and any form of long term planning can be wiped out in any announcement
@TheJSiew
@TheJSiew 13 сағат бұрын
Stay healthy! God bless you
@jde8881
@jde8881 2 күн бұрын
The closure of special account at 55 is a sudden change of policy. So may have risk like policy change in future.
@1m65
@1m65 2 күн бұрын
Agree
@ourlinkzrelaxingmusic1219
@ourlinkzrelaxingmusic1219 2 күн бұрын
Like inflation for money, there is also “increasing inflation” for our health as we ages for most. So it’s more valuable to spend some adequate amount to enjoy as healthy able person today than keep everything till later, as we don’t know what is going to happen next. Live life as if it’s our second last day and save enough for the next day(s)! Easier said than done.
@MARS-ob7eg
@MARS-ob7eg 2 күн бұрын
Not just exercise, it is correct exercise to keep health in good care.
@thesavvyartist
@thesavvyartist 2 күн бұрын
The true riches of life lies in the present moment because this is where all good things happen - not the future , not the past, but the present moment. The present moment is where you live your life every second of the day. This is where your riches are accumulated and spent. If you live your present moment well - with appreciation, kindness and compassion - you will know what real wealth is. As you lose your present moment, you are racing towards your goal of 100 years old.
@ho2786
@ho2786 Күн бұрын
64 up lorry can burn hell money ?
@andylim2986
@andylim2986 2 күн бұрын
lol…imagine every SG citizen lives till 100 and draw 4.4K from CPF….then CPF will goes bankrupt liao 😅
@demo1234-w6l
@demo1234-w6l Күн бұрын
constipation not a big issue. Add papaya and pineapple to 1 of your meal daily (preferably lunch) should help to improve the situation. Adjust the serving according to your need. Drink plenty of water.
@tanandrew1705
@tanandrew1705 2 күн бұрын
If you have the means to retire earlier, do so because you cannot get your time and health back. Going on the path of keep chasing more and more $$$ will never be enough. I've been viewing more videos of those who have retired and what were their regrets and happiness, and learned from their experiences.
@DYeong
@DYeong 2 сағат бұрын
I totally agree with you. There is no point in having five or ten thousands a month to spend when one has no health left. Neither is have millions while lying on the death bed. Is better to be able to retire with health intact to enjoy and appreciate life , than to have lots of money with a failing body.
@heavenlymessager
@heavenlymessager Сағат бұрын
Live each day as if it is the last. We have a time limit on earth. When will our time be up lies in the One up there. When it's time to go, you gotta go.
@leonardng4711
@leonardng4711 Күн бұрын
Selfish thinking and selfish action! If everyone thinks and does what you suggested, then our CPF or insurer will run into problem because it could not pay cumulative huge amount for all the “maximised insured” that have such long live going forward.
@bobafett5757
@bobafett5757 Күн бұрын
Logical comments
@david_Soh
@david_Soh Күн бұрын
Money is not everything! Even if you have great cash, doctors can't cure some sickness! If we top up $400k to cpf life, actually we are drawing our own money for the first 15 years.... . why don't put on S&P or FD to get some interest back and your capital is still there for life ?
@ban792
@ban792 2 күн бұрын
Mr loo try taking papaya seeds (white) it helps for your piles
@1m65
@1m65 Күн бұрын
I did!
@1m65
@1m65 Күн бұрын
And it did help!
@Msiaboleh
@Msiaboleh 2 күн бұрын
Mr Loo, i honestly do not agree that if we believe we can live a long life,it will happen. Bcos life is unpredictable as the weather. Bruce Lee is so superhuman fit & invincible, he just died suddenly at 32yo bcos of an allergy to a painkiller. Unbelievable isnt it? Our 1st PM Mr Lee KY & his wife didnt died of cancer but their eldest son LHY had 2nd stage lymphoma.Why? So life is like morning dews that evaporate quickly as soon as the Sun rises. Pls live life meaningfully every moment. Use your talents to bring positive values & contribution to others .Rather than living to 100 y.o bcos of $1.6m or $16m. You will be far happier knowing u have made a difference to others. As LKY said " everyone must die some day, but i am prepared to die for a cause worthy of our life." And today modern Spore has become his legacy.😊
@Johnny-kz9tb
@Johnny-kz9tb 2 күн бұрын
Life is a game you cannot win. Treasure your family. Have a prudent plan ahead which come with God blessing.
@wxhu57
@wxhu57 2 күн бұрын
How can it be. Such a thing won't happen to your perfect life
@stevenheng3336
@stevenheng3336 2 күн бұрын
Yes for the rich .. imagine those lose their job n with no saving from 55 after u dump the $400k into RA... from 55 to 70, who is going to help u... I was also attracted to the $4k I can have from 70 but thinking hard, I rather don't let PAP holds it
@choonhockong8215
@choonhockong8215 2 күн бұрын
Life is unpredictable. Shocking, Mr Loo, your specialist doctor, died suddenly, in the early 50s.
@bobafett5757
@bobafett5757 Күн бұрын
Sure or not can live until 100yrs old nowadays 50 or 60 even 70 all can go when God called us also got health issues can surprised us anytime so better now just focus enjoy life and take one day at a time also this world chaotic with war all over the place and whether we rich or poor or happy or sad still human cannot live forever in this world
@kevinho4504
@kevinho4504 2 күн бұрын
Why keep so much but only to let others spend on your behalf when you passed on , everything in balance
@basic7788
@basic7788 2 күн бұрын
It is not panic by going to specialist. But it shows that you cares about your own health.
@bravesonny5234
@bravesonny5234 2 күн бұрын
There are some videos that suggest choosing CPF Life Basic which bequeathes more though monthly payout is slightly less than CPF Life Standard. You just need to top-up another $200k since you would have hit your FRS already.
@crystal2484
@crystal2484 2 күн бұрын
I am thinking of the inflation at 100 years old.
@R6ex
@R6ex 2 күн бұрын
Same! SG's CPI history is BS at best. $4000 renovation in 1980 is equivalent to $44,000 today. That's 10 fold at least, or 5.7% inflation per year!
@leanne2330
@leanne2330 2 күн бұрын
I doubt those who have lots of money would need CPF 4% interest compounding to be issued monthly when old.
@bohtangtan7253
@bohtangtan7253 2 күн бұрын
Its additional
@R6ex
@R6ex 2 күн бұрын
Same. Target ERS. Withdraw 70. Pick Escalating plan. Still ..... payout's gonna be dwarfed by real inflation on the ground (NOT some CPI BS)!
@NahbehChow
@NahbehChow Күн бұрын
yes, believe, happiness, positivity and genetics r keys to longetivity. yes anything can happen in life, hence if possible should max out ers. u do not want money matter to influence the key factors 😊
@ongweelim6030
@ongweelim6030 2 күн бұрын
Mr Loo lately I think u overwork. I notice your face don’t look as good as before. Please take care. Sleep early, wake up early go jogging, swimming …. Don’t think too much ….try to relax …. I hope u will live till 100 yrs old… I need your financial news video
@1m65
@1m65 Күн бұрын
Ha ha… Thank u very much for your concern.
@peterlai6503
@peterlai6503 2 күн бұрын
Don't worry stay cheerful and your health will improve 😊
@johnnyk7480
@johnnyk7480 2 күн бұрын
Mr Loo- getting back money from government is a very good strategic goal.
@1m65
@1m65 Күн бұрын
Nice to get money from Govt
@Ymusputhandle
@Ymusputhandle 2 күн бұрын
Loo, u got 1 point wrong abt CPF Life. Unlike RA, interest earned in CPF Life don belong to u. This is 1 point everyone has wrong thinking abt cpf Life CPF Life is annuity, a risked-pool fund. Interest earned in this fund belongs to nobody & everybody, not jus u. Interest earned in CPF Life is used to pay for those who outlive. Basically the mthly payout is solely frm your 6 digits minimum sum, ie BRS, FRS or ERS, without the 4.14% compound interest. Thus by the time u die, eg 20 yrs time, how much u tink is left for ur NOK to collect? Think again
@wanderfooltang3520
@wanderfooltang3520 2 күн бұрын
do not always think and teach people about making $ here and there . health is the most important after 50. Be contented in life because not everyone can live beyond 70 or 80 plan and plan but can say good bye before 70 or 80
@mrpetworld5682
@mrpetworld5682 2 күн бұрын
The problem is what if you don't live till 65.... of course if you live to 100, that is great...good to exercise alot.. but these days anything can happen... For me, i manage my own fund. Use the money, live the life... spend and enjoy the fruits of your labour... at a certain point... no need to keep chasing the money...got enough already.
@wendyshoowaiching4161
@wendyshoowaiching4161 2 күн бұрын
Sell the house & car, put into compounding interest FD 4.1% (Malaysia have this rate promotion), 20 years down the one will have over $1.6m plus monthly salary deposit amount $1,500, 60-65 age a good plan. Not plan too late. 70. Most people lifespan 75 is a good year most people die. Don't cheat you can live till 90-100 years. When one lifespan is reached, its not one can plan how healthy one is, its your soul longevity. I too have try to extend my father life health and hope for his longevity but his lifespan is over at 75, I was blocked 3 months failing to care for his health just 3 months, he is gone. You can plan to live long through the spiritual cultivation (vertical way) combined a healthy life.
@hareshchandiramani4023
@hareshchandiramani4023 2 күн бұрын
Mr Loo, 2 questions :- 1)At 65, can you take out 20%? think in the old scheme you can ? 2)At 65 say you start to withdraw, it's a fixed tenor rite for life, its not adjusted for Inflation. So with talk of higher Inflation to come over the years, aren't you eroding your purchasing value? plus ability to actually live to 100, wht will that 4k be worth? Aren't you just better off buying the S&P500 ETF or MSCI World ETF which gives you an annual 8% compound rate and has a much longer history of 100 years(S&P) for track record?
@1m65
@1m65 2 күн бұрын
S&P500 has high volatility risk
@ryanyoutube7315
@ryanyoutube7315 2 күн бұрын
May God bless you with good health. Is it the same back pain that you seek the TCM JB for?
@1m65
@1m65 2 күн бұрын
Different one .
@bessieling3719
@bessieling3719 2 күн бұрын
Could we carry the worldly treasures to the grave? The greatest pursuit of all: Proverbs 21.21- He who pursues righteousness and loyalty Finds life, righteousness and honour.. Why even hairs on your head are all numberedwhen (Luke 12.7) ❤🙏
@1m65
@1m65 Күн бұрын
Indeed!
@ypf7717
@ypf7717 Күн бұрын
Could the tailbone pain be from gall stones?
@1m65
@1m65 Күн бұрын
Unlikely. Most likely from bad sitting posture
@ronniewan5393
@ronniewan5393 2 күн бұрын
What abt those already over 60s & have not reached 65? Should these group also top up to 4X BRS?
@nyinyi-uk9yg
@nyinyi-uk9yg 2 күн бұрын
Take care bro
@chowphilip2607
@chowphilip2607 2 күн бұрын
Mr Loo, You got the point if you can live to that age, but The interest accrued in the RA premium is pooled among the participants and does not belong to us.
@edwinwee267
@edwinwee267 2 күн бұрын
Many missing this point!
@NahbehChow
@NahbehChow Күн бұрын
sorry the int accrued will still b yours until 65 when u decide basic, std or escalating. if u decide basic, the accrued int still yours until it is use to buy the annuity ie when the balance is 60k n all go to annuity and u get very much less every mth.. for the other 2 plans 80-90% of ra go the plan, n so no accrued int from this 80-90%.
@edwinwee267
@edwinwee267 Күн бұрын
​@@NahbehChow Absoultely correct , it is after all an insurance annuity policy, it works by pooling all premiums paid by members, including all accumulated interest upon buying the annuity and not before.
@Tango_Vic
@Tango_Vic 2 күн бұрын
So many people died in their 50s or kena cancer at 60s. Dont plan too far or thinking to take out CPF Life at 70. A doctor already at your age. What are your chances?
@bobafett5757
@bobafett5757 Күн бұрын
Agree many cannot even smell Cpf money at age 55 all kena chongkiong by family members to enjoy
@user-yo6ru9gf2f
@user-yo6ru9gf2f 2 күн бұрын
Our quality of life in 90s though......
@Ymusputhandle
@Ymusputhandle 2 күн бұрын
Pension is gahmen gv u money to retire CPF is u retire at ur own cost, gahmen gv u abit interest CPF Life is u retire at ur own cost, gahmen makan ur 4.14% compound interest to pay those who outlive Thank u & ur NOK for ur contribution to my outlive retirement
@boonkeng4079
@boonkeng4079 2 күн бұрын
When we go old is better not to put on weight difficulty for walking also affect our BMI.
@1m65
@1m65 2 күн бұрын
Agree!
@orlhachrono2682
@orlhachrono2682 2 күн бұрын
Focus on Healthy & Happy Life Expectancy and not Life Expectancy
@stevenyip2631
@stevenyip2631 2 күн бұрын
Have a healthy lifestyle. The rest leave it to god.
@ImagesOfCountries
@ImagesOfCountries 2 күн бұрын
Mr Loo rocks... 😊
@tankweesing7975
@tankweesing7975 2 күн бұрын
Your plan is based on assumption of a life span that is way above the healthy life span of average =) males in Singapore. If I recalled, healthy life span without some form of debilitating illness impacting movement, diet etc is around 73. To start taking money only at 70 is not a good risk reward ratio
@1m65
@1m65 Күн бұрын
Lifespan of Singaporean is 83 years old. Official stats
@huatkueh899
@huatkueh899 2 күн бұрын
I'll do all Singaporeans a favour by not making 1.6m from CPF.
@1m65
@1m65 2 күн бұрын
Ha ha
@evelyntan8093
@evelyntan8093 2 күн бұрын
计划赶不上变化啊!惜福。Bro
@boonkeng4079
@boonkeng4079 2 күн бұрын
After age 50,our health deterioterated ,we need to slow down and watch diet.
@ken2633
@ken2633 2 күн бұрын
Always good to go with stretch target.
@bennytan630
@bennytan630 Күн бұрын
Bad idea …
@WanderlusttheWorld
@WanderlusttheWorld 2 күн бұрын
Diversify across different asset classes : CPFs, bonds, international stock and properties . Don't worry about stock, CPF, HDB, US, China, War, SP500, 3% vs 10%, JB kidnap. Spread your eggs across as many basket as possible and sleep well la.
@JC-dm4qt
@JC-dm4qt 2 күн бұрын
I never intend to live long nor live to start using my cpf.
@燕青-p8y
@燕青-p8y Күн бұрын
人生要先苦后甜,先甜后苦,半甜半苦? 人各有志。 😄 一生省吃减用,到老才来享受享受?😅
@annahuilang
@annahuilang 2 күн бұрын
Really a big thank you for your genuine sharing ❤
@ringotan5244
@ringotan5244 2 күн бұрын
If you are not on cpf life, those born 1957 and lower, what is the monthly pay out ?
@drymoper2234
@drymoper2234 Күн бұрын
I did a quick calculation if I put in a bank or some sort of investment that's yields me 5% monthly compound for 15 years ...say if I start at 55 with $450000 I'll end up with $1157000 at 70 years old .....then I start withdrawing the interest each month which is $4822 a month for the rest of my life even if I die at the age of 110 which is possible I will still have this money in the bank account and if I pass it on to my kids they will still enjoy this $4822 a month for the rest of their life and so on ....which is a better deal ? Of course I know it's not that simple ......😂😂
@1m65
@1m65 Күн бұрын
Your 5% is likely to have volatility/ capital risk
@Sgfan
@Sgfan 2 күн бұрын
It takes only 1 hyper inflation incident to wipe out. In 30 years is it likely? Not likely but still possible
@1m65
@1m65 2 күн бұрын
Singapore never had hyperinflation before.
@Sgfan
@Sgfan Күн бұрын
@@1m65 1973 1974 around 20% each. Almost half your purchasing power. Never say never.
@燕青-p8y
@燕青-p8y 2 күн бұрын
At age 90, $10k per month can drive Lamborghini? 😂
@balloonbuster
@balloonbuster 2 күн бұрын
Need employ ahmad. No more driving licence 🤣
@燕青-p8y
@燕青-p8y Күн бұрын
​@@balloonbuster can drive Vios at 30+ is better than Lamborghini at 90+. 😆. Can drive Vios like Lamborghini 😅
@gohs.k.1118
@gohs.k.1118 2 күн бұрын
This is a typical Kiasu and Kiasi workshop. Some points relevant and some points so far fetch.
@bobafett5757
@bobafett5757 Күн бұрын
Its more far fetch and fantasy
@AAA-vu3dq
@AAA-vu3dq 2 күн бұрын
You have quoted Scriptures before, I assume you’re a Christian… if yes … do not fear, GOD Is a shield for you, HE Is your exceedingly great reward (Genesis 15:1)… trust HIM to heal you
@ninaneo2168
@ninaneo2168 2 күн бұрын
1.6 million - 426k
@jem8965
@jem8965 2 күн бұрын
Hope you achieve your goal of living up to 100 years old. Besides exercise, you gotta watch your diet too. Haha
@lynnc9531
@lynnc9531 2 күн бұрын
Is there an option to withdraw the $4K starting at age 65 instead of 70 ?
@1m65
@1m65 Күн бұрын
Nope . Not in 2025
@bobafett5757
@bobafett5757 Күн бұрын
Why must wait until 65 when can withdraw 5k at age 55yrs old ?
@lynnc9531
@lynnc9531 3 сағат бұрын
@@1m65 if i choose the standard plan, i can start withdrawing at age 65?
@kongakau5058
@kongakau5058 2 күн бұрын
How about inflation and health care?
@leanne2330
@leanne2330 2 күн бұрын
How to get CPF to pay above $4k a month ? Single or with spouse? Thanks.
@1m65
@1m65 2 күн бұрын
Single . Ask this question in our telegram channel. loo1M65
@chrono9428
@chrono9428 2 күн бұрын
I have strong belief that I will win the TOTO 1st prize and I held on to this belief for the last 40 years... still believing.
@georgetang3489
@georgetang3489 2 күн бұрын
😂😂😂
@1m65
@1m65 Күн бұрын
Hilarious
@bobafett5757
@bobafett5757 Күн бұрын
Ok what happens after win Toto 1st price then next day u die so how to enjoy all that ?
@smwnl9072
@smwnl9072 2 күн бұрын
💉💉💉
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