CPF Interest 2017
Ding…Ding…Ding , CPF Board had just credited the interest into our CPF account , you may log in and check your latest balance and amount of interest you got from “ Ah Gong “ ..😊
This year, total $ 28,114 been credited into our account ( for both STE & Mrs STE) as interest from CPF and we are really happy to see our money continue to grow in CPF as we treat it as AAA Bond till 2025 ( till we reach 55 years old). As I have highlighted in my previous blog post , we treat this CPF outstanding as Bond in our portfolio and also as “cushion” in case anything happen to our equity portfolio due to market volatility.
Combined , we have $967K (including CPF-IS sum ) in our CPF balance and we are projecting to hit $1 mil mark by 2020.
CPF is not Superman
As mentioned , although CPF’s mission is trying to assist us in retirement / housing and health care planning , but in view of limitation or fund to fulfill these 3 objectives , we will need to make a “choice “ whether we want to give more priority to big “R” retirement or “H” housing or find a balance that choose a housing type that within our mean , let the balance of $$ compound in or CPF ( especially SA account which earn higher interest ).
Topping up the SA account also subject to much debates and have pro & cons , it depend on your own situation. 4% interest and Tax rebate may be tempting for someone to do the transfer or top up , but some may also think that locking up our money for such long period may not be wise (especially the younger one ) as transfer is irreversible.
3 benefits of topping up your CPF from CPF Board
Personal Finance is very personal , make your own choice base on your priority and objective , and of course your stage of financial life-cycle.
My related blog posts to CPF ( here )
How much did you get from “ Ah Gong “ right after celebrating the New Year 2018 !!
"The 3 C's of Life: Choices, Chances, Changes. You must make a choice to take a chance or your life will never change."
Appendix : CPF statement