Regarding ERS. 4x or more is great as an option but why is the SA maxed at FRS? I used some simulation so i maybe wrong but this makes it harder for us to reliably compound the SA alone to hit ERS and have to rely on additional injections from OA or cash investments when 55 comes along.
Actually the reskilling also brings a very big point. Why go through traditional poly when you have 6 months diplomas? Also there are more questions on how well can the re-skilling do for many of us when the demand is for low wage workers rather than high value jobs
just be thankful they didn't increase income tax, the 40s above SKILL FUND is to prepare all those to be retrench lah japan already happened what makes you think SG will not
It's protected and guranteed. Unless we vote for a populist slip shod goverment who thinks we have infinite amount of reserve and wants to keep spending and subsidising.
8k++ is median salary for degree holders? Thats insane!!! I think fresh grads these days have it a little too easy with their insane starting pay. No wonder they spending and investing like nobody's business and talking about 2nd property even before securing the first one.
![2044's Singapore Dream is to aspire for More Than Survival [ft. RICE Media, NUS, @ainlovescode]](http://i.ytimg.com/vi/9gQm2k4sYPs/mqdefault.jpg)
🙏 all your time & sharings!
Thanks for loving what we do! Cya at the event? Haha 😆
Regarding ERS. 4x or more is great as an option but why is the SA maxed at FRS? I used some simulation so i maybe wrong but this makes it harder for us to reliably compound the SA alone to hit ERS and have to rely on additional injections from OA or cash investments when 55 comes along.
Fair statement. We are trying to get CPF on to do an AMA 😎👍🏻
Actually the reskilling also brings a very big point. Why go through traditional poly when you have 6 months diplomas?
Also there are more questions on how well can the re-skilling do for many of us when the demand is for low wage workers rather than high value jobs
just be thankful they didn't increase income tax, the 40s above SKILL FUND is to prepare all those to be retrench lah japan already happened what makes you think SG will not
Dont need thanks . They give we take
Now i see gov themselves not really planning well for our benefits... they just 时到才说.
CPF LIFE PAYOUT IS NOT GUARANTED! that is why ERS is a risk.
It's protected and guranteed. Unless we vote for a populist slip shod goverment who thinks we have infinite amount of reserve and wants to keep spending and subsidising.
50:57 trueeee... want us to have kids but who help me take care???
They just allow PR couple here to have reward having baby can already .. they will grab the reward
Give birth is easy. The issue is UPBRINGING
Is the lawyer an Implant🤣
Hi TFC!! Where do I register for the 23 March event?? 😅
thefinancialcoconut.com/financial-wellness-festival-2024/ comeeee :) cya there!
@@TheFinancialCoconutTFC Nice! See ya there!
@@ltankk We'll see you there!
8k++ is median salary for degree holders? Thats insane!!! I think fresh grads these days have it a little too easy with their insane starting pay. No wonder they spending and investing like nobody's business and talking about 2nd property even before securing the first one.
Yups 😅 read the MOM report you will see the stats there
the TLC joker just read the report. the 8k is inclusive of cpf employee and employer and any other cost per head.
GDP is wrong economic metric.