Latest 6 mths T-bills yield at 3.73% only ! Now USA 10 yrs treasury bond ard 3.89% . So wef next mth, T-bills might drop below 3.7% . I still prefer to use OA to buy banks counters n reits as dividend yield at least 5% in long term . Plus capital gain when opportunity to lock in profit .
If someone has not hit their full FRS at 55, CPF says they'll be given a monthly payout based on how much they set aside, but is it monthly for life or taken out of their CPF sum until it depletes to 0 and then they'll get nothing after that?
what do u mean by ' after setting aside the FRS, u can with anything left in OA and SA?" that means u can only draw out the amount above FRS at 55 year old? e.g FRS 200k and i have 220k in total, i can only withdraw 20k at 55 yr old?
What if u top up 8k to SA at 55 yrs old in 2023, can the amount 8k withdraw in 56 yrs old in 2024? U get some saving in tax and get back cash next year?
@@KelvinLearnsInvestingthere is no need to top up sa using oa in that case since ma can be used to earn the extra 1% interest as well. The example you gave is inaccurate, just saying
Just for sharing, do take into consideration that the ceiling for cash transfer into SA is the FRS when making OA transfer into SA. If you are projecting a steady cash topup to SA in the coming years, might be better off retaining the OA (sacrificing a short term 1.5% interest) so that you can fill SA 1st with cash. Once FRS is achieved, the only way that fresh funds enters, is via VC, employment contributions, SA investment gains or SA interest. Assuming a median wage earner, the priority in general would be cash top ups to MA (not exceeding the annual VC limit), followed by SA, then clear off the annual VC (unless your employment income is able to achieve the cap). Interest rates will rise and fall but the $37,740 annual VC limit will always be a limiting factor even when interest rates fall in the future and you want to shift cash back into CPF for better interest rates.
All the 1M65 pple realising they lost 10 years of liquidity by topping up crazy amounts into their CPF. Could have easily invested the amount yourself without being subject to regulatory risk. I love drinking 1M65 tears!!! 😂😂😂😂🎉🎉🎉🎉
Death interest,,, slow n painful interest..the $$ u cash out after 55 have lesser meaning…the interest not for u but really government enjoyed them first …u enjoy after 55,,which mostly spend on meds,..u still can’t retire..at all..retire means freedom to do whatever u like..not counting the balance and live frugally till u die.
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i was fortunate to enjoy the T-Bills at 4.07% with CPF OA. It was my first time purchasing T-Bills :)
Hi Kelvin, just to clarify at 3:35, the combined CPF balances should include MA right? Because you only mention OA and SA
Ah yea, my mistake, it should include MA.
Latest 6 mths T-bills yield at 3.73% only ! Now USA 10 yrs treasury bond ard 3.89% . So wef next mth, T-bills might drop below 3.7% . I still prefer to use OA to buy banks counters n reits as dividend yield at least 5% in long term . Plus capital gain when opportunity to lock in profit .
Hi, Kelvin, Thanks for such informative video with good advices. Can you also give a video on top up for those reached 55 years old as well?
Thanks in advance 🙏🏼🙏🏼🙏🏼 you are great ! You have made my investment and trading journey simpler and better in risk management. Highly appreciated!
Hi Kelvin, how about using OA to buy DBS stock that have 6% dividends return?
Hi Kelvin,
1) if my SA is able to meet FRS at 55, then I can keep the OA for housing instalment?
If someone has not hit their full FRS at 55, CPF says they'll be given a monthly payout based on how much they set aside, but is it monthly for life or taken out of their CPF sum until it depletes to 0 and then they'll get nothing after that?
aft deposited the money into moneybull, do I need to subscribe to the fund usd or sgd even I've activated it?
MA for 2024 is $71,500?
but tht is a max cap to the first 60K (for the maximizing of CPF 1percent extra interest) only ??
Is it possible to invest my OA with less than 20k sgd into the T-bills?
Don't think so, min should have 20k then can invest
I’m ready to do some topping-up in Jan 2024. 😁
SA can be invested also. I used mine excess of 40K to invest into long term bonds beating the 5 percent.
What bond and how long is the term bonds?
What do u think of banks TIME DEPOSIT currently 3.1%pa using CPF OA
Thanks for the explanation!
what do u mean by ' after setting aside the FRS, u can with anything left in OA and SA?" that means u can only draw out the amount above FRS at 55 year old? e.g FRS 200k and i have 220k in total, i can only withdraw 20k at 55 yr old?
Yes, that's correct. Check this out
www.cpf.gov.sg/member/faq/retirement-income/retirement-withdrawals/how-much-cpf-savings-can-i-withdraw
@@KelvinLearnsInvesting so if my amount is below frs , i cant withdraw anything ?
cpf shielding isn't going to work from next year (2025 Jan) then since the SA will be closed for those 55yo and above :\
What if u top up 8k to SA at 55 yrs old in 2023, can the amount 8k withdraw in 56 yrs old in 2024? U get some saving in tax and get back cash next year?
I have approx. $300k in my CPF. Top up my SA to reduce income tax so I only want to see how much is my interests after 01/01/24 😅
hi kevin, what if SA hit FRS sum, but i take out some funds for investment under CPFIS, so will this free up the SA for cashtop ?
Cannot. It will still be counted towards the total
MA is also included in the combined balance for the computation of first 60k in cpf. Why did you excluded it?
Why didn’t you watch the whole video carefully? He did
@@LemonadeRocklol pls… watch 3:30 onwards.. obviously you know nothing
Ah yea, i shd have mentioned ma too, my bad
@@KelvinLearnsInvestingthere is no need to top up sa using oa in that case since ma can be used to earn the extra 1% interest as well. The example you gave is inaccurate, just saying
Just for sharing, do take into consideration that the ceiling for cash transfer into SA is the FRS when making OA transfer into SA. If you are projecting a steady cash topup to SA in the coming years, might be better off retaining the OA (sacrificing a short term 1.5% interest) so that you can fill SA 1st with cash. Once FRS is achieved, the only way that fresh funds enters, is via VC, employment contributions, SA investment gains or SA interest. Assuming a median wage earner, the priority in general would be cash top ups to MA (not exceeding the annual VC limit), followed by SA, then clear off the annual VC (unless your employment income is able to achieve the cap). Interest rates will rise and fall but the $37,740 annual VC limit will always be a limiting factor even when interest rates fall in the future and you want to shift cash back into CPF for better interest rates.
would cpf allow the flexibility to move funds around, like what you and kelvin are saying?
If transfer all OA to SA where OA is zero and SA is 60k, then the whole 60K earn 5%.. possible?
Yes
All the 1M65 pple realising they lost 10 years of liquidity by topping up crazy amounts into their CPF. Could have easily invested the amount yourself without being subject to regulatory risk. I love drinking 1M65 tears!!! 😂😂😂😂🎉🎉🎉🎉
SGD 15 might not be enough for 3 cai png w fish. 2 cai png is a safer bet. 😂
This BHS always keep changing how to reach 😂😂
The annual rise in BHS matches the 4% interest from MA. So as long as you hit BHS, and never use the money, it will always be at BHS
First!
So? You want an award or something? lol
@@Mew77778 so enjoy. Its all about fun. Dont be sad ok thx
Death interest,,, slow n painful interest..the $$ u cash out after 55 have lesser meaning…the interest not for u but really government enjoyed them first …u enjoy after 55,,which mostly spend on meds,..u still can’t retire..at all..retire means freedom to do whatever u like..not counting the balance and live frugally till u die.