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

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...