Wt_know Supersonic June 23, 2014 Share June 23, 2014 (edited) The best way to prepare for retirement is make, make and make more money If not save, save and save more money Actually I think we all are replying to cpf and HDB. But the question is retirement....I think the best way to prepare for retirement is to don't think that cpf money can help us to retire. Edited June 23, 2014 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
Enye Hypersonic June 23, 2014 Share June 23, 2014 I am against Corporate Welfare - thats like if a bank gambles on high risk ventures and lose a lot of money, I think the bank should go bankrupt and tax payers money should not be used to save it. I am all for Social Welfare like public schools, hospitals, housing like HDB and street lighting. Cos then poor people like me can be born in a gov hospital, live in a flat and can see how to walk home with street lighting. As for hand outs, if I lost my job and anyone wanted to give me money, I will happily accept it. I am just against giving it out to people in case they become too lazy to work. simply put....i support anything which will benefit me me too! Link to post Share on other sites More sharing options...
Joseph22 Turbocharged June 23, 2014 Share June 23, 2014 The best way to prepare for retirement is make, make and make more money If not save, save and save more money Best way to retire is buy a coffin 2 Link to post Share on other sites More sharing options...
Hydrocarbon Turbocharged June 23, 2014 Share June 23, 2014 I am against Corporate Welfare - thats like if a bank gambles on high risk ventures and lose a lot of money, I think the bank should go bankrupt and tax payers money should not be used to save it. I am all for Social Welfare like public schools, hospitals, housing like HDB and street lighting. Cos then poor people like me can be born in a gov hospital, live in a flat and can see how to walk home with street lighting. As for hand outs, if I lost my job and anyone wanted to give me money, I will happily accept it. I am just against giving it out to people in case they become too lazy to work. I'm against corporate welfare too. Like what happened after the great recession.. Or During.. OK, get your point. I didn't consider public schools and hospitals, HDBs etc as social welfare. To me, welfare meant the same as handouts. Like I said, English too lousy. Haha.. If in HK, public housing seems like welfare, because most of it is privatised, and public housing is meant for the lowest of lowest income people, unlike Singapore, where close to 4/5 live in HDBs. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 23, 2014 Share June 23, 2014 this world has fallen. No matter how much we do, we cannot change its fate and ending. However, we can help others to have a soft landing. I will continue to strive to save a few with the little I have. If I am not one of the 144 thousand sucked up stright to heaven during the rapture, I will target a rich man and I will be driving his car, staying in his home and drinking his booze when he is gone. Link to post Share on other sites More sharing options...
Ahgong Supercharged June 23, 2014 Share June 23, 2014 It seems nobody I know like this guy... why is he still in parly ? erm... GRC walkover? duh~~~! Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 23, 2014 Share June 23, 2014 If I am not one of the 144 thousand sucked up stright to heaven during the rapture, I will target a rich man and I will be driving his car, staying in his home and drinking his booze when he is gone. I make sure you also go with the rich man so that I can assign @Radx to take over. Only he can undertake the heavy responsibilities of a fallen world. Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 23, 2014 Share June 23, 2014 simply put....i support anything which will benefit me me too! Yes thats right, me as in the poor. I think rich people should pay more tax than poor people and this tax should be used for housing, hospitals and schools. I wish I had a bigger tax bill to contribute more to nation building unfortunately my boss just simply refused to increase my salary. Would I mind if I paid 2 or 3 times more tax? Not if it meant I had a bigger salary. I make sure you also go with the rich man so that I can assign @Radx to take over. Only he can undertake the heavy responsibilities of a fallen world. You are too kind but I rather stay and help. I can help take care of the fallen women. I make sure you also go with the rich man so that I can assign @Radx to take over. Only he can undertake the heavy responsibilities of a fallen world. Can they please time the falling to after I have retired and enjoyed myself a bit and just before I used up all my cpf and have to rely on hand outs. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 23, 2014 Share June 23, 2014 You are too kind but I rather stay and help. I can help take care of the fallen women. Can they please time the falling to after I have retired and enjoyed myself a bit and just before I used up all my cpf and have to rely on hand outs. this one you need to ask God yourself. Link to post Share on other sites More sharing options...
Jamesc Hypersonic June 23, 2014 Share June 23, 2014 this one you need to ask God yourself. With my luck it will happen the very day I retire, one day of rest also cannot enjoy. Link to post Share on other sites More sharing options...
Ahgong Supercharged June 23, 2014 Share June 23, 2014 With my luck it will happen the very day I retire, one day of rest also cannot enjoy. beware what you wish for~! the strange law of attraction never fails to amaze me~ Link to post Share on other sites More sharing options...
Freestylers09 5th Gear June 23, 2014 Share June 23, 2014 (edited) actually if work it out..can one la initially if u dp dont so much like maybe 20-40k leave about 30-40k as initially cpf ,monthly after hdb contribution $400 into cpf by 20 years got 190k at least..have not include yearly increment figure yet..if $500 a month will be about $220k in OA.. loan interest gain from cpf interest..overall still earn over hdb loan interest over 30 years!lol ok about how to have 40k inside after deduct initial payment rite? work out at ownself..lazy to type..lol Edited June 23, 2014 by Freestylers09 Link to post Share on other sites More sharing options...
Joseph22 Turbocharged June 23, 2014 Share June 23, 2014 actually if work it out..can one la initially if u dp dont so much like maybe 20-40k leave about 30-40k as initially cpf ,monthly after hdb contribution $400 into cpf by 20 years got 190k at least..have not include yearly increment figure yet..if $500 a month will be about $220k in OA.. loan interest gain from cpf interest..overall still earn over hdb loan interest over 30 years!lol ok about how to have 40k inside after deduct initial payment rite? work out at ownself..lazy to type..lol Lazy to read... Later u Come back with a spread sheet. Link to post Share on other sites More sharing options...
Freestylers09 5th Gear June 23, 2014 Share June 23, 2014 Lazy to read... Later u Come back with a spread sheet. lazy people like u no need to tell..just think everything is cmi can liao..LOL Link to post Share on other sites More sharing options...
Joseph22 Turbocharged June 23, 2014 Share June 23, 2014 lazy people like u no need to tell..just think everything is cmi can liao..LOL Lol.. Okay. U cmi. Link to post Share on other sites More sharing options...
Little_prince Supersonic June 23, 2014 Share June 23, 2014 (edited) actually if work it out..can one la initially if u dp dont so much like maybe 20-40k leave about 30-40k as initially cpf ,monthly after hdb contribution $400 into cpf by 20 years got 190k at least..have not include yearly increment figure yet..if $500 a month will be about $220k in OA.. loan interest gain from cpf interest..overall still earn over hdb loan interest over 30 years!lol ok about how to have 40k inside after deduct initial payment rite? work out at ownself..lazy to type..lol erm. 1. if i remember correctly ) pls correct me if i'm wrong) when taking HDB loan they will auto clear out your CPF to minimise the loan amt. how to leave 40k inside? even if can, nowadays 4rm flat also abt 300k. 20% DP abt 60k. so you need to have 100k in your cpf to have 40k remaining. so probably need to work at least 8 yrs @ 5k per mth to have 100k? most ppl would need at least 10 yrs or more. Q: Do I need to wipe out my CPF Ordinary Account (OA) savings before taking up an HDB concessionary loan to buy a resale flat? A: Yes, it is HDB’s requirement for you to utilise your CPF OA savings entirely before granting an HDB concessionary loan . 2. CPF is fixed 2.5% right. HDB loan is CPF+0.1%. so your hdb interest rate is always more than the CPF. so how to earn from the interest? HDB Concessionary Interest Rate The HDB concessionary interest rate is pegged at 0.1 percentage point above the prevailing CPF interest rate. It is revised every quarterly, in January, April, July and October each year, in line with the revision in the CPF interest rate. Edited June 23, 2014 by Little_prince Link to post Share on other sites More sharing options...
Freestylers09 5th Gear June 23, 2014 Share June 23, 2014 (edited) erm. 1. if i remember correctly ) pls correct me if i'm wrong) when taking HDB loan they will auto clear out your CPF to minimise the loan amt. how to leave 40k inside? even if can, nowadays 4rm flat also abt 300k. 20% DP abt 60k. so you need to have 100k in your cpf to have 40k remaining. so probably need to work at least 8 yrs @ 5k per mth to have 100k? most ppl would need at least 10 yrs or more. . 2. CPF is fixed 2.5% right. HDB loan is CPF+0.1%. so your hdb interest rate is always more than the CPF. so how to earn from the interest? park your cpf into investment.. 20% include couple those who paying iirc..that time i used the 30k grant from hdb first time buyer also.. so deducted 100k, loan the rest 200k, monthly each $430 iirc so monthly still got a good sum to roll over cpf is compounded ma.. so base on 30 years, interest about 115k for 1 pax..2pax 230k 230k over 200k 30 years hdb loan interest got earn bo? Edited June 23, 2014 by Freestylers09 Link to post Share on other sites More sharing options...
Little_prince Supersonic June 23, 2014 Share June 23, 2014 park your cpf into investment.. 20% include couple those who paying iirc..that time i used the 30k grant from hdb first time buyer also.. so deducted 100k, loan the rest 200k, monthly each $430 iirc so monthly still got a good sum to roll over cpf is compounded ma.. so base on 30 years, interest about 115k for 1 pax..2pax 230k 230k over 200k 30 years hdb loan interest got earn bo? i thought buy BTO direct from HDB no grant iirc? but anyway i think you're probably right. my wife also say i stupid pay up everything so fast. =( ↡ Advertisement Link to post Share on other sites More sharing options...
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