S. M. A. R. T. Investing with TSK

Why CPF Policies Make the Rich Richer? Part2 More CPF Policies with loopholes created by CPFB Policy Makers and approved by the MOM continue to make the Rich Richer! And these are not shared publicly yet, by Ms Lorna Tan or any financial blogger? This one I did not write to CPFB to double confirm. Someone shared: A few weeks before 55, he invested his SA (leaving 40k balance) to stop CPFB from transferring the monies to RA. His balance in OA plus 40k in SA is less than FRS. CPFB transferred SA (40k) and OA (leaving 5k) to RA, total in RA is less than FRS. Later he transferred OA (5k) to RA. What he should have done is topup cash to RA as this topup will entitle him to claim tax relief (subject to limits). He missed the opportunity cos he is not aware of this “loophole”. He is also not aware of more “loopholes” in the CPFB @55 Policies which only the “Rich” can benefit: A few weeks before 55, he could have invested his OA (leaving 20k) ...

Why CPF Policies Make the Rich Richer? #1.   First obvious CPF Policy to make the rich richer is CPF@55 loophole/HACK where the rich can stop CPFB from transferring their Special Account (RA) monies to Retirement Account (RA) at 55.  Ms Lorna Tan shared her exploitation of this loophole in the Sunday Times on October 20, 2019.  Read this link on the details. If you read the CPF FAQ on CPF withdrawal rules and its rationale carefully, you will notice that there is a conflict of interest by CPFB Policy writers. Below is extracted from the CPF website: CPF rule quote: "The savings in members’ various CPF accounts attract different interest rates according to whether they are long term or short term funds . ....... When members turn age 55 , their Special Account savings up to the Full Retirement Sum, is transferred and set aside in the Retirement Account, to provide them monthly payouts to supplement their living expenses when they...

Finally, Ms Lorna Tan published this “CPF Hack” article in the Sunday Times today, October 20 2019!   ( Read what I wrote in May/June 2019 on this CPF Hack here) Only after she had exploited the benefits on her 55 th birthday last month, “enjoy” it herself first before she shares for “fear” it might be gone before she could exploit it? So it is true! CPFB policy at 55 is written to benefit those who know the loophole and are “rich” enough (sufficient monies in OA and SA) to exploit it before they turn 55! Why must such public policies be written to benefit the rich only, to make the rich richer?  Why only those who know the loophole can benefit from public policies, when such CPF public policies should be transparent to benefit all CPF members?  U mean only the “rich” pay more income tax, so they should be given some loopholes for them to “take back what they paid for”? I have been waiting for Ms Lorna Tan to publish this CPF Hack since ...

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Be Ready With CPF Roadshow 2019! It is that time of the year again, CPF had planned roadshows to be held at various locations until the end of the year. Yes, time to collect freebies at the roadshows again, haha! Today, CPFB took out a full page colourful advertisement in the Straits Times. I bet you still do not know that the first Roadshow will he held this weekend at Suntec? Because nothing is stated in the full page advertisement! What is the purpose of this full page colourful advertisement (it is not cheap to advertise)? Hmmm.... take note of the small print at the bottom of the advertisement, note 2 on transfer of savings to Retirement Account (RA). It is stated: “ For members aged 55 and above, OA savings will only be transferred after SA savings have been fully transferred” Bingo! You can stop CPFB from transferring your SA monies to RA (except $40k + Cash topups exceeding 40k) by using the Hack explained in here , then monies in OA will be transfer...

CPFB started to talk about Risk Pooling only in April 2019 after being queried at Parliament. They have never talked about Risk Pooling since CPF Life was introduced, not even in any Life@55 Talks! Do you know are there other important information CPFB is still not telling you at Life@55 or @facebook? In the past (eg 2014), members have to decide/choose their CPF Life Plan (ie Standard vs Basic) at 55 and part-CPF Life annuity premiums would be deducted from their Retirement Account (RA) for transfer to the CPF Life Pool. Only at 65 when monthly payout starts will the reminder of the CPF Life annuity premiums be transferred from RA to CPF Life Pool. For members turning 55 after July 2015, they only need to choose their CPF Life Plan (ie Standard, Basic or Escalating Plan) if they decide to start payout at 65 or delay till 70. Most members will choose their CPF Life Plan based on guidelines provided by CPFB as follows: Choose Standard Plan if you want more monie...

Yes, finally we can write our own Will for free with OCBC Online Will Generator.  No need to worry, even though you did not pay a lawyer or Will writers to prepare your will. “OCBC Online Will Generator uses a basic Will template and has been prepared upon the advice and with the assistance of Hin Tat Augustine & Partners and does not necessarily deal with every important topic or nor cover every aspect of the topics with which it deals. The Online Will Generator is intended for general use only and does not contain or convey any legal or other advice. You should seek legal advice from appropriately qualified lawyers for more specific Will requirements (e.g. Islamic law, persons under 21, not residing in Singapore etc.).” My sister has a simple will to write. With all the information provided by her, I helped her input into the OCBC Online Will Generator. Bingo, her Will was generated in PDF format. Though her Will is simple, we still find some co...

F.I.R.E – Focus on Free Activities! Have you read about the F.I.R.E. Movement? Financial Independence, Retire Early Here is an interesting latest video on it. I do exactly those 4 key strategies to save money: Cut spending Cook at home Focus on free activities Autopilot savings To me, "Focus on free activities" is the most important as with it I automatically cut spending and able to save more. What do I mean by "Focus on free activities"? Activities to me are lobangs, where I can “earn” free money or other freebies which will help pay for my necessities, be it on food, groceries, or other spending. I am always on the lookout for such "free activities". Recently there were opportunities for me to “earn” 50% off groceries. Can you see the power of this strategy?

How to Stop SA to RA Transfer at 55! Your monies in CPF Special Account now earns 4% pa while your OA only earns 2.5%. But CPFB will empty your CPF SA into RA at 55. How can you stop this auto transfer of all monies in SA to RA at 55? Yes, you can do it because there is a big loophole created by CPFB policy makers. If you know the loophole and how to “protect” your SA funds (except 40k) from being automatically transferred to RA on your 55 th birthday, you can continue to earn higher interest of 4% on SA balances. Do I need to explain why having a higher balance in SA is better than a higher balance in OA after 55? One obvious benefit is you are “guaranteed” of a higher cash inflow from the 4% pa interest on SA which you can either withdraw every year or leave it in SA to compound and snowball into a bigger retirement fund. So what is the loophole and how can you “protect” or stop CPFB from transferring all your SA monies into RA? Click here to learn ho...

CPF@55  Policy Designed to Make the Rich Richer! Do you know that  CPF@55  policy can help you get richer with a bigger SA (Special Account Balance) after 55? Yes, provided your are rich with a big OA (Ordinary Account Balance) and SA which exceeds the FRS (Full Retirement Sum).  Assuming you have $240k (SA), $160k (OA) and FRS is $200k, this is how you can become richer after 55: 1.  2 weeks before your 55th birthday, buy a stable Unit Trust Bond Fund with $200k SA under CPFIS/SA investment scheme (minimum $40k SA must be maintained) 2.  On your 55th birthday, CPFB will transfer $40k (SA) and $160k (OA) to your RA (Retirement Account) to form $200k FRS. 3.  Next day, sell your CPFIS/SA investment of $200k, this will be returned to your SA. 4.  You now have $200k (SA) and $0 (OA) after RA is created! What happens on your 55th birthday if you did not do the hack (ie. step 1&3) above?  CPFB will transfer $200k (SA) to...

Yes, I found the relevant section/clause of the CPF Act on Offences relating to investments, see extracts below: A.  CPF Act Offences relating to investments     58A.—(1) No person shall, directly or indirectly, in connection with the making of any investment under any scheme in accordance with any regulations made under section 77(1)( n ) or the sale or disposal of any such investment —              (a) employ any device, scheme or artifice to defraud; or  (b) engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception , upon any person. (2) Any person who contravenes subsection (1) shall be guilty of an offence. B.   By a layman's interpretation of the above clause in the CPF Act, the "CPF Special Account Hack" should be classified as “an act which is likely to operate as a deception”, to deceive CPFB to tra...

DBS Multiplier Account Bigger at $100k @3.65% Wow, my FRIEND was faster than me in securing DBS Multiplier Account with $100k @ 3.65%! FRIEND agreed to this interview writeup for sharing with my fans. Q1. How FRIEND managed to “HACK” so fast? A1. Have spare cash, deciding between topup to CPF or add to DBS Multiplier Account. But you said CPF SA Hack is now at “risk” should the “auditors/authorities” investigate and take action . So decided to explore DBS Multiplier Account “Hack” instead. Now FRIEND earning 3.5% on $50k DBS Multiplier with salary+ 2 more categories, with DBS “Hack” using POSB joint savings account. So just need one more category to earn 3.65% on $100k. Was exploring the suggested “SSB Ladder” vs RSP Unit Trust. Q2 So not choose “SSB Ladder' ? A2 “SSB Ladder” need to wait 6 mths later, then CDP dividend received qualifies. I like “SSB Ladder” as it is just another way of saving money with guaranteed interest, no risk if ho...

DBS Multiplier Account Bigger from May1,2019! (updated with DBS announcement on May 1, 1.25am) Yes! Max cap at $100k!  But broken down into first 50k and second 50k,  with up to 3.65% pa effective interest, that's $3650 interest per year or $ 300/310 per mth! The best savings account to multiply your money at up to 3.65% p.a. with no minimum salary credit, no minimum credit card spend, and if u can hit a total of 4 categories, with total transactions of more than $30k per month! A.  And DBS teach you how to “Hack” if you do not have salary credit or do not have Investment Category, so u can still qualify to earn up to 3.5% pa interest, hurray! How to “Hack” Setup a Joint Savings Account (eg POSB savings account with You & Me) Giro You's salary to Joint Savings Account Giro Me's dividend credit from CDP to Joint Savings Account Bingo, all You, Me personal DBS multiplier accounts will earn bonus interest, w...

CPF Special Account Hack - Are You Ready? - Part 2 Questions: 1. Should CPF Policies/Rules be written to benefit the Rich Only? To make the Rich Richer? 2. Should CPF Policies/Rules be written to benefit those who know the “loophole” only? 3. Should CPF Policies/Rules be written to benefit those who know how to exploit the “loophole” only? 4. Should “tax payers monies” be “distributed” to benefit the above “elite” group of people who know how to Hack? Why does CPFB allow such Hacks to occur “undetected”? A. Investing via CPFIS-SA: CPFB Rationale “A member can choose to invest his SA savings above $40,000 under CPFIS-SA. However, all investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. Assuming a member has $200,000 in his SA and uses $160,000 to invest under CPFIS-SA. Although he can liquidate his investments after reaching 55, the amount of sales proceeds he will...