Which Is BEST CPF Retirement Sum?

[@KelvinLearnsInvesting]

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[@sydralz]

Using the withdrawal amount at age 65 and the principal amount at 55 to compute the yield is erroneous. Proper yield should be closer to 5.86% for Females and 6.28% for Males, after projecting RA growth over 10 years.

[@MrRazorteeth]

1:55 the table showing ERS on year 2025 onwards is it wrong? shouldn't it be $400+k?

[@limcheehean]

That document was published before the change.

[@camalotnite]

Kelvin, your contents are always very helpful. Thank you!! Can you cover more about the pledging of property? Does pledging means we only need BRS amount, but get payout based on FRS?

[@KelvinLearnsInvesting]

Soon soon

[@lsfoo3588]

I’m keen to know too . Please share asap . Thank you in advance .

[@candywisdom]

Yes too earlier to discuss because indeed the change rexently makes everyone realize so call retirement sum can just jump up or down by policy

[@ryanyoutube7315]

Table 3 in 3:07 seems to be from report from 2021 instead of 2023

[@cryptowitcher]

FRS is more than enough for spending my retirement age on a beautiful farm in the countryside, waking up to the sounds of nature, tending to the crops, and spending time with the animals, something truly special about living so close to the land and being surrounded by the beauty of nature every day.

[@Ramy-ql3tr]

If one has no dependents or not a primary caregiver, this is sweet & dandy.

[@cheonglaimeng6445]

I love this video. Thanks for your intensive research on the subject. Now we know government can suka suka take away our SA after age 55. My next worry is will they take away our RA when CPF Life starts or latest by age 70? Because like what you say maintain FRS and invest the rest in other financial instruments for higher gain, when we are old old ak pek ah may liao, may lack the mental capacity for investment or would like to exit the market and leads a market worry free lifestyle. So in my personal view CPF LIFE basic plan is still safer as the payout is drawn from it and RA can be top up anytime to the then ERS amount to receive higher payout. However if the government choose to close the RA for people who opt for the standard or escalating plan, then topping up to an CPF account to earn 4% interest bo liao. And lan lan stick to the existing CPF LIFE payout or can only top up OA volunteerly for the cash money gain on the higher investment if the then bank interest is lower. Do I worry too much???

[@bernardwong913]

If didnt choose to pledge HDB and deduct Basic Sum for RA at 55yo, later on in life between 55yo to 65yo cannot pledge HDB and refund FRS money out to change Basic Sum anymore. So better becareful and make appointment to meet CPF Officer 3 months before your 55yo birthday to do the paperwork in CPF Office.

[@tx4809]

regarding Basic Standard and Escalating plan: - Is it true that the Basic plan allows you to keep interest accrued from your retirement sum? this is unlike the standard and escalating where interest is pooled and not yours to keep

[@KelvinLearnsInvesting]

Ok, so how it works is that: Standard Plan, Escalating plan: transfers all $$ from CPF RA into CPF LIFE Basic Plan: keep transferring 10-20% from CPF RA into CPF LIFE CPF LIFE interest are pooled CPF RA interest is yours

[@fisherguitar9071]

@ 1:52 What about pple who already turned 55 before 2022? eg 2018 Do u have the chart for that? Hi Kelvin :) i wish u can speak slower haha

[@goldendragon00]

Just reduce the video playback speed. You can make him speak as slow as you need haha

[@lunghh1]

Hi Kelvin - At 55 years old and if you have met the FRS, you can with draw the excess OA. Say, you withdraw an amount of this OA for some needs. Can this amount be returned back to the OA at a later stage to continue earning the 2.5% interest?

[@Nothingmore1313]

No, after 55yo, cash top up only to RA up to enhance ERS (4x)

[@vasanthikalai8959]

Hi, I think you can put back the amount you used for buying your HDB flat (if any) + interest in to your OA. It's a very good option to put back money in to our OA.

[@gsagum]

what happens if a person doesn't even reach BRS at the age of 55? will he/she still get a payout? if not, what happens to the CPF then? thanks for the person who will answer.

[@peterlai6503]

5,000 is the minimum amount you can withdraw.....the rest after 65 depends on your total amount at RA. That's my understanding you may check with cpf board again

[@georgelong1514]

Hi Kelvin, take it when turn 55 in year 2028, the ERS is $480K. Compound at 4% for 15 years up to age 70. The accumulated amount is $865K. Draw at monthly $4200 under standard plan. It will average out when one’s draw more than 17 years after age 70. Meaning you will “profit” after age 87. This understanding correct? Thank you

[@avatarlow]

What is lifestyle A B C

[@AIYOLEH]

Impressed by the effort you have put in to churn out the reference from various sources. Many thanks!

[@PadminiRajendran-r3m]

Hi kelvin as always ur videos are so informative 🙏👍🏻 kindly do one on how to read yahoo finance charts please

[@TableTennis-Man]

then what happen from 55 to 65 ? still need to work...lol

[@eugeneteo9664]

by 65 the LC can still stand or not ?

[@peterlai6503]

Depends on individual bacause I saw quite a few becoming father at age of 60 to 80 😅 Maybe not too long at least one min still consider workable 😊

[@siewmunor9932]

Hi Kelvin, is that true CPF member could opt for BRS or FRS when they reach 55 this year?

[@KelvinLearnsInvesting]

Ya, can opt at 55. By default is FRS, to opt for BRS, need to pledge property

[@siewmunor9932]

What you mean is if he/she does not own any property, they are not going to have option right?😢

[@KelvinLearnsInvesting]

@@siewmunor9932 Ya, need to own property.

[@josantai2691]

​@@KelvinLearnsInvestingHi there, just wana check...even if you already reached your FRS and fully paid for your HDB loan when you turn 55, but when you wana opt for BRS..so have to pledge your property ie HDB home?

[@Yzdrd]

Do u think basic plan is a crap plan?

[@KelvinLearnsInvesting]

It's a good plan for those who have a lot of assets and CPF is just pocket money

[@vasanthikalai8959]

I think BASIC plan is better than Standard plan. You only lose the interest of 10% of RA put in to the pool, if you die. Your family will get back the 10% of RA put in to CPF Life on top of the remainder of 90% (after deducting your used up payout money). Difference in payout between Basic and Standard plan is only about $100+. You get $100 + lesser per month if you choose BASIC plan. But, if you calculate the amount that your family will receive upon your demise at around 70 to 75 years is a lot better than Standard plan (Standard may give a few thousands while BASIC gives a lot). Correct me if I am wrong.

[@winstontoh6346]

No it's not a crap plan. The Basic Plan still retains more than half it's value after age 80 when the Standard Plan and Escalating Plan has lost its value and depletes to zero. This is because the Basic Plan still pays the RA interest while the other two plans does not earn any interest at all from age 65 to 80 (which can be quite substantial over that 15 years when the RA Sum is still high in value). For just a $100 more payout over that 15 yrs = 15 x 12 x 100 = $18,000 don't tell me you are willing to forego your whole RA Principal which you enter CPF LIFE at age 65 and lose the potential Interest that it would have earned from age 65 to 80, just for the promise of a constant longevity income after age 80 to 95, which one may or may not get to enjoy. At least if I conk out after age 80, my dependants still can get more than 50% of my RA from my CPF LIFE sum at age 65! Remember this CPF LIFE money is your own hard earned money after all and should rightfully go back to your family (as a bequest to your family).

[@leslie-1127]

Hi Kelvin, are you aware if the payout after 65 will remain constant over the years or gradually increased?

[@KelvinLearnsInvesting]

Will have gradual change (either up or down) depending on interest rate, everyone’s mortality rate

[@mcj9190]

I think everyone should go for ERS if possible. And also start CPF Life as late as possible, maybe at 90yr old..By then, can go frequent holiday on wheelchair and only porridge every meal because no more teeth.

[@Luvmafammie]

Man really went from TSLA and ARKK to CPF eh lmao

[@KelvinLearnsInvesting]

Man is diversifying

[@ShanghaGrand2012]

abit too fast for me, hard to catch. i think u can assume if a person watching your video now is 35 years old, what should he / she do to achieve each of the retirement tier.

[@kcchiew4247]

I got ERS in RA now. Plan to put in more cash next year. Might start with Escalating Plan at age 65. We had bought other retirement annuity plans to make up for the shortfall of Escalating Plan before 85 years old.

[@fxorigins6624]

what insurance company do u recommend

[@kcchiew4247]

@@fxorigins6624 Manulife's RetireReady Plus, Etiqa's Esteem eternity, GE's Premierlife Generation.

[@lobsterking3633]

Risky out of cpf system

[@lobsterking3633]

Risky if there is war

[@R6ex]

ERS foe me. Single. Non-investor. Wants safe and steady income stream.

[@leonaheidern]

more like FRS not sure in 30 years is enough or not. inflation, gst jumping, water and other miscellaneous bill those are not constant unlike the interest percentage of the oa and sa

[@gasoh55555]

No return comes close to BTC, don't waste time on all these old school financial system.

[@heisenberg7550]

You talk like you're buffering...

[@alipromo53]

Social worker