Which Is BEST CPF Retirement Sum?

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0:00 - Intro
0:41 - What is CPF retirement sum?
2:53 - How much do we need for retirement?
4:52 - Caveats with CPF LIFE
10:24 - Which retirement sum should you go for?
12:53 - Conclusion

[KelvinLearnsInvesting]

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[cheonglaimeng]

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???

[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.

[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.

[bernardwong]

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.

[georgelong]

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

[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?

[ujlijgs]

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

[ryanyoutube]

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

[AIYOLEH]

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

[Ramy-qltr]

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

[ShanghaGrand]

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.

[MrRazorteeth]

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

[tx]

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

[cathhl]

Hmm... but is a return of 4% possible???

[Luvmafammie]

Man really went from TSLA and ARKK to CPF eh lmao

[lunghh]

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?

[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

[kcchiew]

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.

[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.