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A Newbie Investor

07 Oct 2021

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CPF Advice Needed

Hi - need advice on CPF. I am 48 and have about $200K (OA + SA). I used up 190K to buy a property with accrued interest of 27K. What's the best course for me. Should I start to repay portions of that home loan and interest? or am I better off holding cash with me and invest elsewhere? Also, is there any table available anywhere on what sort of monthly payouts can I expect at 65 if I have say 200K in RA, or 300K or 400K or 500K etc.?

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Richard

09 Oct 2021

take care of oneself at the rest will be taken care

I agree with YJ lor

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1M45

Edited 08 Oct 2021

If you have no plan to sell your property then no need to care accured interest.
Invest else where, don't pay home loan. Bank loan? Got do repricing for the loan? now interest rate is low.

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1M45

Edited 08 Oct 2021

Perhaps this pic will let u know how cpf money flow? There is a limit to RA , excess flow to OA...

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Seeking property advice for a unmarried couple with combined monthly income of $15k/month. My partner is self employed so income fluctuates and he has no CPF and needs cashflow for biz.

If we need a minimum amount of 130k in CPF by 30 for 1M65, how much do we need to have in our CPF accounts by 20 or 25 to acheive the same results?

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