tag:blogger.com,1999:blog-6897513886211197509.post9032576734374120843..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: 2 suggestions I like from the CPF Life review panelSingapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6897513886211197509.post-2841229923019341822015-02-25T20:41:40.488+08:002015-02-25T20:41:40.488+08:00Hi coconut, how come your SA is only $15.5k? How o...Hi coconut, how come your SA is only $15.5k? How old are you? The SA value should be in the mid $20-30k for people with some years of working experience.Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-77792461618049308462015-02-05T11:32:51.317+08:002015-02-05T11:32:51.317+08:00ckw-I99,
There's always choices ;)
OK, some ...ckw-I99,<br /><br />There's always choices ;)<br /><br />OK, some religions must be careful for once entered; cannot leave - punishment is not just death; but eternal hell... Now that's hatred or what!? <br /><br />Back to retirement, phew!<br /><br />I have a Swedish colleague who left Sweden because he can't stand paying for the loafer neighbour of his through high taxes - he came to Middle East and then settled in Asia. "Free" cradle to grave system does not appeal to him.<br /><br />When I was away for 7 years, I did not contribute a cent to CPF. Discovered a new system called company pension.<br /><br />I guess for self-employed, less freedom but you do have a choice on how much to voluntary contribute.<br /><br />We have Malaysians, Indonesians, Indians, Mainland Chinese friends who have decided to earn their living in Singapore. Many angmoh love our low taxes too!<br /><br />And with our stronger exchange rate, retiring in Penang or JB is not that far fetch. You think why I am picking up Malay from my Malay colleagues?<br /><br />Sometimes in life, if the mountain don't move; we move.<br /><br />Unless you consider yourself a vegetable; vegetable can't move.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-88872052456357824322015-02-05T10:02:25.628+08:002015-02-05T10:02:25.628+08:00SMOL,
I always wonder, why in religion there are ...SMOL,<br /><br />I always wonder, why in religion there are so many choices (OK, once you believe then you will say there is no choice).<br /><br />But in retirement we have only 1 choice (or some say no choice at all)? Why not have various non-profit organizations preach different philosophy on retirement scheme and people can choose which one they want to join... <br />Some will promise you heaven at 65.<br />Some will tell you save nothing and spend like there's no tomorrow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-63966907751053289652015-02-05T09:50:41.605+08:002015-02-05T09:50:41.605+08:00It was surreal.
I blog this post in the late morn...It was surreal.<br /><br />I blog this post in the late morning about my thoughts and in the afternoon, big daddy announced the 2 suggestions I liked best have been adopted!?<br /><br />LOL!<br /><br />Another case of blind cat caught dead mice!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-88441863119352524752015-02-04T14:55:37.833+08:002015-02-04T14:55:37.833+08:00temperament,
I think some people have not thought...temperament,<br /><br />I think some people have not thought things through deep enough ;)<br /><br />I quite like the Party of Hammer and the Men in White.<br /><br />First, let's take out the 2/3 majority first before we do anything drastic.<br /><br />Baby steps.<br /><br />Taiwan and Japan got their test of "regime change" and what happened?<br /><br /><br />As an agnostic, I'll rather capitulate and turn my lot with supernatural beings than to trust a politician has my best interests.<br /><br />Unless I'm a crony or cadre member of the party in power ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-29379820563680591852015-02-04T14:44:32.528+08:002015-02-04T14:44:32.528+08:00LP,
Yup, if the CPF Life payout is $2000 per mont...LP,<br /><br />Yup, if the CPF Life payout is $2000 per month for Life, it can be a good complement to our private cash flow plans.<br /><br />Even out the volatility a bit ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-49906523897120842012015-02-04T14:40:31.283+08:002015-02-04T14:40:31.283+08:00coconut,
I think it would be fun to have an arcad...coconut,<br /><br />I think it would be fun to have an arcade with 80 years young warriors trading their hearts out on 6x32 inches monitors!<br /><br />Monitors too small can't read mah!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-34454494604079109952015-02-04T14:35:00.604+08:002015-02-04T14:35:00.604+08:00looks like it but i don't have much to begin w...looks like it but i don't have much to begin with, i also pay cash for the house so i don't owe anything.<br /><br />guess i have to trade til i see the coffin.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-24871078854719245382015-02-04T13:47:50.077+08:002015-02-04T13:47:50.077+08:00Hi SMOL,
I also like the ability to top up and co...Hi SMOL,<br /><br />I also like the ability to top up and contribute more to CPF life for a bigger payout. Some pple say CPF is riskfree.. I think as you've said, there's political and policy risks involved. With a stroke of a pen, whatever is promised might not be so anymore. It's good to have a strong mountain backing u up, but I prefer to have several small mountains behind me too :)<br /><br />I'll have my private backup plan just in case :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-10433612935337435232015-02-04T13:46:04.793+08:002015-02-04T13:46:04.793+08:00coconut,
The paradox with CPF is:
The more we de...coconut,<br /><br />The paradox with CPF is:<br /><br />The more we desperately need our CPF money back at 55, the more we reveal how bad shape we financially are... (stay at home dads and moms have only love to rely on)<br /><br /><br />There's a salary cap for CPF contribution. So even if you high earner, there's only so much CPF you can contribute (I too lazy to check CPF website)... Now who says big daddy is desperate to have our money? <br /><br /><br />Looks like you have cleaned out your OA for housing?<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-55429738765025860752015-02-04T13:14:54.982+08:002015-02-04T13:14:54.982+08:00wow haha...
correcion! just saw my statement, its...wow haha...<br /><br />correcion! just saw my statement, its<br /><br />OA - 0.16 (i wonder how like that?)<br />SA - 15,528.17<br />MA - 12,019.36coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69814185277022436332015-02-04T13:00:59.507+08:002015-02-04T13:00:59.507+08:00oh by the way, my last check with my wife, she say...oh by the way, my last check with my wife, she say i have about 20k or 30k in it, or 50k i can't really remember. something like that.<br /><br /><br /><br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-21508594983709976982015-02-04T12:57:52.389+08:002015-02-04T12:57:52.389+08:00i often heard about some people have millions in t...i often heard about some people have millions in their CPF cos their pay is very high, is it true?<br /><br />if my pay is 10k a month, will my CPF be a million if i reach retirement?coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com