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10 THINGS ABOUT CPF THAT YOU MAY NOT KNOW OF (Edition 2024) | Retirement Planning Singapore 

Josh Tan - TheAstuteParent
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Today you'd hear about 10 things about CPF that you may not know of. It covers topics on "free" CPF given to you, CPF investments and new CPF changes.
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0:00 Introduction
0:23 Item 1
1:17 Item 2
2:50 Item 3
4:57 Item 4
6:41 Item 5
7:46 Item 6
9:38 Item 7
10:30 Item 8
11:47 Item 9
13:40 item 10 CPF life not guaranteed
#cpf #cpfinvesting #cpfchanges #cpflife
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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7 июл 2024

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Комментарии : 26   
@joshconsultancy
@joshconsultancy 3 месяца назад
ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY! ►‌ www.theastuteparent.com/josh-tan My article article on CPF nomination: www.theastuteparent.com/2021/06/cpf-nomination-online/ DBS article on investing in T-bills with CPF www.dbs.com.sg/personal/articles/nav/investing/investing-in-t-bills Link up with Josh Tan on LINKEDIN - www.linkedin.com/in/josh-tan-jl/
@jasonlim4512
@jasonlim4512 3 месяца назад
wah 30% cannot reach BRS. dats like alot. hope govt policies can help them abit. the rest of us help ourselves. dun be too stingy scrimp all in cpf, also dun be spendthrift yolo-ing.
@johnchua74
@johnchua74 3 месяца назад
What is included in regrossed balance? OA + SA + MA + RA?
@joshconsultancy
@joshconsultancy 3 месяца назад
Yes all accounts. Includes interest earned. Does not factor withdrawn amounts like in OA for home
@needtoknow333333
@needtoknow333333 3 месяца назад
1st?
@joshconsultancy
@joshconsultancy 3 месяца назад
Big thank you :)
@HG-kn3hb
@HG-kn3hb 3 месяца назад
What happens to the interest earned in MA after 65 when BHS is met?
@joshconsultancy
@joshconsultancy 3 месяца назад
It will also flow if MA is at BHS. On 31dec
@HG-kn3hb
@HG-kn3hb 3 месяца назад
@@joshconsultancy thanks!
@waynelai2036
@waynelai2036 3 месяца назад
At 8:00. How could someone accumulate more than 300K in special account? isnt there a cap?
@joshconsultancy
@joshconsultancy 3 месяца назад
This is exactly explained. Cap only applies to MA. SA limit is for topping up. Employment income continues in limitless
@waynelai2036
@waynelai2036 3 месяца назад
thanks for sharing! great video there!! @@joshconsultancy
@KoshilanKoshTV
@KoshilanKoshTV Месяц назад
How to use SA account to invest ? Posible to do via POEM Account ?
@joshconsultancy
@joshconsultancy Месяц назад
Hi, SA can only buy balanced funds. Cannot for stocks 👌🏻
@KoshilanKoshTV
@KoshilanKoshTV Месяц назад
@@joshconsultancy what is Balance funds and how to invest In them? Maybe one new video will be helpful for your viewer :) Thank You
@nancylim5221
@nancylim5221 3 месяца назад
Hi Josh May I ask you a question,? CPF life payout are not guaranteed unlike Annuity plan with Private insurers? Does it mean if I buy annuity plan with private insurer, the payout is guaranteed. IF yes, do you know of any Pte Insurer who sells Annuity plan? Thanks
@joshconsultancy
@joshconsultancy 3 месяца назад
Yes you’d see a guarantee + non guarantee component in an annuity. Main difference is you can loan out or surrender policy for lump sum back. To enquire for fee based retirement planning do email to Josh.tan@promiseland.com.sg
@user-iz2hz2sh6g
@user-iz2hz2sh6g 3 месяца назад
You will lose out big time if you borrow from your policies or worse still, surrender them
@Xamael666
@Xamael666 3 месяца назад
Item 11 - "CPF has an Enhanced Nomination Scheme that allows you to transfer your CPF monies to your nominees’ CPF account upon your demise. This is as compared to the default cash option, i.e. your nominees receive your CPF monies in cash." So u can secure their retirement / healthcare needs upon yr demise instead of them getting your CPF monies in cash & spending it all lol
@joshconsultancy
@joshconsultancy 3 месяца назад
Oh man, just pass to them as cash lol
@Phonedumb
@Phonedumb 3 месяца назад
That's s good feature
@cheonglaimeng6445
@cheonglaimeng6445 3 месяца назад
Point.10 , you scare me by saying CPF LIFE is not guaranteed. cannot say like that. You should say the projected amount of CPF LIFE PAYOUT is not guaranteed subject to then RA interest rate and members mortality rate.
@joshconsultancy
@joshconsultancy 3 месяца назад
Not that there will be losses but It’s exactly in the first sentence of the screenshot from cpf. Cpf life payouts are not guaranteed 😅
@chinchowpowpook
@chinchowpowpook 2 месяца назад
Unfortunately when we old & die we still can’t draw out &$$..there’s always balance left for next of kin or return to government if u single hood. Either way,,that means all the last few decades we work hard for $$$ that is belong to government..not us..now I general most elderly don’t speak much because no cash on hand..just a can’t cash out Pty if they still living in it..
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