How u spend ur CPF withdrawal at and after 55.

[singleman]

when at 55, after u withdraw ur CPF money, how to spend it? assume after set aside the FRS, still able to withdraw some amount of money (at least 5000).

i am 55 this year july. if our garment dun change rule, i will be able to get a sum of money after set aside the FRS (full retirement sum).

[thor1981]

Originally Posted by singleman

when at 55, after u withdraw ur CPF money, how to spend it? assume after set aside the FRS, still able to withdraw some amount of money (at least 5000).

i am 55 this year july. if our garment dun change rule, i will be able to get a sum of money after set aside the FRS (full retirement sum).

great thread bro. i am not far away, i'd like to hear form other bros. also how to most easily withdraw max amount

[singleman]

Originally Posted by thor1981

great thread bro. i am not far away, i'd like to hear form other bros. also how to most easily withdraw max amount

u mean u wan to withdraw as much as possible?

current cpf rule is at 55 u need to set aside the FRS amount. then wadever remaining amount u can withdraw in full or in partial.

for example for 2022, the FRS is 192k. after set aside 192k, let say ur remaining amt left in ur cpf after the 192k, is 50k, then u can choose to withdraw the full amount of 50k at 55 or u can choose to withdraw partial, for example 20k at 55, then the remaining 30k u can withdraw at any time in full or in partial after 55.

If u have an HDB flat which the remaining lease enable u to live in the house till u r 95 years old, then u can use this house as a pledge and withdraw 1/2 of ur FRS which is 96k. the 96k in this case is called the BRS (basic retirement sum). i.e. FRS = 2 x BRS or BRS = 1/2 x FRS. in this case, the max amount can withdraw is 50k + 96k = 144k.

but for the 96k, think u need to apply for it, is not automatically u can withdraw the 96k by default, but the 50k u no need to apply, can withdraw at 55.

[thor1981]

Originally Posted by singleman

u mean u wan to withdraw as much as possible?

current cpf rule is at 55 u need to set aside the FRS amount. then wadever remaining amount u can withdraw in full or in partial.

for example for 2022, the FRS is 192k. after set aside 192k, let say ur remaining amt left in ur cpf after the 192k, is 50k, then u can choose to withdraw the full amount of 50k at 55 or u can choose to withdraw partial, for example 20k at 55, then the remaining 30k u can withdraw at any time in full or in partial after 55.

If u have an HDB flat which the remaining lease enable u to live in the house till u r 95 years old, then u can use this house as a pledge and withdraw 1/2 of ur FRS which is 96k. the 96k in this case is called the BRS (basic retirement sum). i.e. FRS = 2 x BRS or BRS = 1/2 x FRS. in this case, the max amount can withdraw is 50k + 96k = 144k.

but for the 96k, think u need to apply for it, is not automatically u can withdraw the 96k by default, but the 50k u no need to apply, can withdraw at 55.

bro thanks for the overview. up you.

[loneyheart]

If u have nothing in mind to spend pls don't withdrawal all or big amount
Leave it like saving ac when u need like 5k 10k just anytime u want but take 1 or 2 days
Interest rate much more higher then park in the bank

[jonn88]

Leave them in cpf and earn interests. Withdraw the interests every year to fund your FL and massage activities.

[candle2000]

Originally Posted by Angmolover

Hey fucktard, unless you are taking out your CPF to spend in Geylang fucking pros, you are in the wrong forum.

Many brothers here are not well-to-do.

CPF withdrawal rules are not easy for some of us to understand.

Some brothers looking forward to their first withdrawal to enjoy a little honey. As it goes that "No Money No Honey".

I seek your patience and don't use the "whip at the first instance"

[pinkmario]

Anyway safeguard your money, don't fall prey into prc lady sweet talk. I have seen many young prc lady with local grey hair man

[thor1981]

Originally Posted by Angmolover

Its not a great thread moron. This IS a forum called Adult DIscussions abotu Sex. What has this shit got anything to do about sex?

extra cpf $ after family obligation and work life finish = higher quality pussy for some bros than available during wrk life.

is worth listening to the types of pussy one's retirement cash is spent upon, including breakdown of ML, ML, SB versus OA, SA, MA.

[thor1981]

Originally Posted by thor1981

extra cpf $ after family obligation and work life finish = higher quality pussy for some bros than available during wrk life.

is worth listening to the types of pussy one's retirement cash is spent upon, including breakdown of ML, ML, SB versus OA, SA, MA.

ML, FB, SA accts.

PRC, HKG, HCMC acct .. etc.

[thor1981]

Originally Posted by jonn88

Leave them in cpf and earn interests. Withdraw the interests every year to fund your FL and massage activities.

good advice. up u bro.

[jacky43]

For man 2 options. Of course there are others.

1 Spend $ on keeping mistress. I talking of Russian and Ukraine women this 10 yrs.

2 Save it up in case got hit by serious illness. Eg Kidney failure.

Forgive me. I coded from the most powerful man 10 yrs ago. I recall his first yr as the most powerful man in this red dot.

In Spore u fall sick, without savings. Better to die then seek treatments.

[unsung80]

KNN this type of thread and still got people answer your stupid question directly.

[candle2000]

Originally Posted by teehan

didn’t take long for our town sheriff to run his mouth around these parts.

well the floor is yours..
after all this is the only way for you to achieve your 15 minutes of fame!

@Angmolover

I like your chivalry

Upped you +11

[singleman]

maybe some info for some understanding.

Before 55, we have 3 accounts
OA (ordinary acc) = $A
SA (special acc) = $B
MA (medisave acc) - this money in this acc is forever we cannot take out, till one day mati, then the money will go to ur beneficiary.

For 2022,
BRS (basic retirement sum) = $96000
FRS (full retirement sum) = BRS x 2 = $19200 (this is the amount we must set aside)
ERS (enhanced retirement sum) = BRS x 3 (this one i won't mention here)

At 55, CPF create another acc RA (retirement acc), so now we have 4 acc

scenario 1:
total amount in ur OA+SA is less than $5k, u can withdraw all the money in ur OA+SA
- withdrawal amount = $A + $B
- RA = $0
- OA = $0
- SA = $0

scenario 2:
amount in ur OA+SA is more than $5k but less than FRS, u can withdraw $5k and the remaining amount all goes to ur RA acc
- withdrawal amount = $5k
- RA = $A+$B - $5k
- OA = $0
- SA = $0

scenario 3:
amount in ur OA+SA is more than FRS,
- withdrawal amount = $A + $B - $192k
- RA = $192k
- OA = $0
- SA = $0

scenario 4:
amount in ur OA+SA is more than FRS and u have a HDB house to pledge
- withdrawal amount 1 = $A + $B - $192k
- withdrawal amount 2 = $192k / 2 = $96k
- total withdrawal amount = ($A + $B - $192k) + $96k = $A + $B - $96k
- RA = $96k
- OA = $0
- SA = $0

if u continue work, ur CPF contribution will continue goes to ur OA n SA acc.

let me explain on using the house as a pledge.
scenario 1
remaining lease = 50 yrs
now ur age = 55 yrs
to live in ur current house till u r 99yrs old, u have another 44 yrs to stay in ur hse
so remaining lease (50 yrs) > 44 yrs -> u can use ur hse to pledge

scenario 2
remaining lease = 40 yrs
now ur age = 55 yrs
to live in ur current house till u r 99yrs old, u have another 44 yrs to stay in ur hse
so remaining lease (40 yrs) < 44 yrs -> u cannot use ur hse to pledge

there is a mistake in my first post, it should be 99 yrs old instead of 95 yrs old.

i bring up this topic about CPF withdrawal is to share to bro on how they can know how much they can withdraw and maybe they can plan on how to use their withdrawal amount in the area of chionging. so maybe this somehow "related" to this forum.