Congrats! Be grateful and help others too =)

When I hit FRS itself CPF stopped further accepting voluntary contributions ! 🤔

Pension is better at $15k USD monthly until survivor dies - welcome to California

Yes life goes on. Let’s help those who are at the start of the journey 👌🏻

Numbers above suggest You’re looking good 👍

Noted and thank you for being around John 👍🙂

, you can adjust speed playback in KZfaq video 😊

Oh ya I spoke does not.

Noted. Ant thank you =)

Im just inference since 23% stay in private, owning a private fully paid definitely is a sign above average financially. Does not mean HDB fully paid isn't. Having a fully paid house in today's interest is a strong blessing

Thanks. Smash the SUBs and cya around more!

hey be nice... we're here to advice and discuss constructively

Being Real is being Kind. Learn lessons from others mistakes instead of your own

i know some who are exactly like that… their life their choice

Aiya..The high property prices + mortgage is a mean of trapping most Singaporeans at work and prevent early retirement. Else our aging workforce gg if everyone like youtubers keep daydreaming about early retirement. Also, the mortgage acts like CPF, confining your moneys within Singapore (via banks). If not, inflation in other local goods & services goes out of hand when Singaporeans spend that excess monies. Also, don't forget we like to travel, spend or invest overseas. Imagine what would happen to SGD if not for the high property prices and long-term mortgages. It may be hard on individuals, especially for the middle to lower income Singaporeans, but it is in the overall interest of Singapore. I am quite sure the govt is satisfied with Singaporeans' craze over property.

@@jamesl2590correct.

Yup includes amount used

Hi Yau, Ive this previous sharing that I did. Some private clients have also allocated into this BEST Place To Park Your Cash In 2023? | 4%+ NO LOCK IN | Low Risk Money Market Fund kzfaq.info/get/bejne/etegaKaG2repqXU.html Hope it helps

Get returns on it. And compound it. it can be way longer than 20y. Im already about 15y in at age40 Hope it clarifies k Here's Why I'd Get To $1m In SRS - kzfaq.info/get/bejne/f7SeiLWmqNG4eH0.htmlsi=mpMPHfjz9sBpHexI

Yes also need to withdraw all after 10yrs from retirement age 63 which will incur tax too

I’m well verse in it. Check the tutorial on it, I’ve covered why

But you already saved on the taxes in the near term. And you only need to pay taxes on 50% of the withdrawal. Which by then would be just a couple hundred or couple thousand at max

So best is have 400k in SRS? Assuming never work, no income, so 40K annually over 10 years won’t incur any tax? Am i right?

@@jalanjalan7099 well ideally yes but you wouldn't want your SRS money to just be sitting there getting bank interest of 0.01% so investing it is definitely the right choice. Moreover, this is with the assumption that our income tax brackets doesn't change.

Thats fixed rate. Floating w SORA is about 4.6% now

4.6% , shiok ! For the banks 😂

@@DonYang73 Yeap, those who overstretch is due to slave for the bank. Good luck! ha

Ive seen similar thoughts. Focus on finding your own assets. Its not a loophole when theres nothing to exploit. Get over it. ABSD measure is now in place for that reason

lol skill issue

Let the hdb prices drop? Yeah sure, that happened from 2013-2018 and what happened then? Became a political issue. And just to add, I bought a couple of old freehold properties in Bukit Timah back then at a steal. Not going to sell them as they are for me and my kids to stay in. If I sell, going to have to end up buying properties at higher prices and smaller space, and restarting my house loans. Sometimes I wonder why Warren Buffett preaches about buying assets cheap and yet hardly anyone in singapore listening to this caveat

Some called it greed, others called aspiration to early retirement. To each it's own.

Aiya..The high property prices + mortgage is a mean of trapping most Singaporeans at work and prevent early retirement. Else our aging workforce gg if everyone like youtubers keep daydreaming about early retirement. Also, the mortgage acts like CPF, confining your moneys within Singapore (via banks). If not, inflation in other local goods & services goes out of hand when Singaporeans spend that excess monies. Also, don't forget we like to travel, spend or invest overseas. Imagine what would happen to SGD if not for the high property prices and long-term mortgages. It may be hard on individuals, especially for the middle to lower income Singaporeans, but it is in the overall interest of Singapore. Pray for better luck to be born in a rich family in your next life la, if you are looking for an easy route through life.

Hi! $250k in SA is a nice amount, guess you did shielding previously. 👍 Personally I think little value to move SA to RA since 4% either way. SA in ur situation is still liquid. Hope it answers 🙂

Thanks, it helps.

Think CPF wouldn’t allow top-up once FRS is reached. Though certainly can continue to work and keep increasing balance ☺️

Sorry are you above age55? if yes Can top up actually to RA. Top up via OA or cash. If below 55 cannot top up to SA. Only through employment or interest k

Hi Josh, for age 55yo and below, you can transfer CPF OA funds to SA account as long as it has not reached the FRS. After 55yo, you can only transfer OA to RA account.

No. Might be an impersonator account becareful. Avoid forex trading.

@@joshconsultancy I am learning from Trading geek, Brad. He doesn’t seem like a scam. He has many youtube videos here.

Woke alr, you’ll be fine 👍

Jia you

Great 👍 Be thankful and help others next k!

Eh... no no. There are many ways to get rich and stay rich. First few lines. These are 3 signs. Does not mean if dont have is not above average financially or will not eventually get there k

Yes you do need. Watch this below k I think my dividends are now past $20,000! Sharing how you can also do consistent dividend investing kzfaq.info/get/bejne/f9SCirB-scrOh4U.htmlsi=GHHHH2ZPHlHRhq07

what job are you in curious?>

@@joshconsultancy cant say bro. my role is quite public. safe to say i work in aircon room and is a professional. i clock about 55-75 hr weeks. dual income. married. no kids. but trying to have. cant bto cause cause bust income ceiling. but not enuff for a decent size private. 1000 sq ft home these days about 2 mil u know. welcome to sg. a good fren of mind in engineering also pulls in 14hr. 6 days a week. think many pple in sg are over worked if u ask around.

You working too much, dude.

Perhaps can consider resale HDB instead of pte, for those who can’t do BTO?

​@@weiyonglWhat about EC or Maisonette HDB. Condo today are ridiculously tiny

Above average le la 👍

You are not alone, i am in same boat as you, waiting to hit above ERS in few yrs time.