My Last CPF Top Up? Why You Should Start Thinking Of Singapore Savings Bonds & Interest Differently
Published at : May 11, 2022
Will we go back to a high interest environment? Will we go back to a world where CPF is no longer attractive? Today I'd break down the latest June2022 singapore savings bond SSB and use it to compare against CPFOA 2.5%.
0:00 Introduction
CPF returns have been favoured because interest rates in the markets have been low for years.
1:33 I've advocated CPF top ups before and this is how to top up to CPF.
I've done RSTU of $8,000 for this year.
Voluntary contribution VC limit of $37,740
2:25 What to understand of CPF and money that can be withdrawn
At age55, excess CPF above full retirement sum FRS tend becomes liquid and can be withdrawn.
5:02 Interest rate analysis of June2022
It is climbing especially long tail interest for SSB
Comparing the difference between 1y payout and years after.
SSB rates: https://www.mas.gov.sg/bonds-and-bills/Singapore-Savings-Bonds
6:20 High yield bonds
Some are delivering 8-10%pa especially after valuations came down more than 20%.
#cpf #interestrates #ssb #singaporesavingsbond
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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.
*******
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.
Learn more on financial planning and insurance concepts, visit
► https://theastuteparent.com
✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
► https://www.theastuteparent.com/josh-tan
0:00 Introduction
CPF returns have been favoured because interest rates in the markets have been low for years.
1:33 I've advocated CPF top ups before and this is how to top up to CPF.
I've done RSTU of $8,000 for this year.
Voluntary contribution VC limit of $37,740
2:25 What to understand of CPF and money that can be withdrawn
At age55, excess CPF above full retirement sum FRS tend becomes liquid and can be withdrawn.
5:02 Interest rate analysis of June2022
It is climbing especially long tail interest for SSB
Comparing the difference between 1y payout and years after.
SSB rates: https://www.mas.gov.sg/bonds-and-bills/Singapore-Savings-Bonds
6:20 High yield bonds
Some are delivering 8-10%pa especially after valuations came down more than 20%.
#cpf #interestrates #ssb #singaporesavingsbond
*******
BUY SOMETHING YOU VALUE ✅ ✅ ✅ (All sales will be part of the $10,000/y JOSH TAN BURSARY to NTU for two deserving students or towards promoting financial literacy)
#1 ONLINE INVESTMENT COURSE AT JOSH TAN ACADEMY
► Follow this link - https://jtinvestacademy.thinkific.com/courses/investment
Why you do NOT need to spend thousands on investment courses?
LEARN HOW to research into stocks and identify multi-baggers (at least in Josh Tan's way). Course price at $37 only. NEW 2022 BONUS MODULE ADDED and UNLIMITED re-access given with this new structure for future revision.
#2 PRIVATE MEMBERS channel
► https://www.youtube.com/channel/UCQAp2EzcRv2wl09p88TBrGA/join
TIER #3 "LETS MAKE A DIFFERENCE " and TIER #2 "PRIVATE INVESTMENT VIDEO"
Will UNLOCK ALL VIDEOS especially those with VALUE/Momentum matrix on certain stocks!
TIER #1 Support our channel tier will unlock ONLY the cryptocurrency videos
#3 SUPER THANKS Stickers & Super Chat during LIVE SHOW
****
► Get your FREE stock from Moomoo: https://www.moomoo.com/en-sg/act/welcome?channel=1002&subchannel=233
► NEW LIVE Q&A "The Josh Tan Show": https://www.youtube.com/c/THEJOSHTANSHOW
By Spotify - https://open.spotify.com/show/7Hdw7jmi6vLvTt7IQP9Bn3
- $40k Income, Single And Aiming For Retirement At Age50 With $1M
- $100k Combined Income But $17,000 Spent Here...
► To get updates on TELEGRAM, JOIN "PASSIVE INCOME 2.1k" here - https://t.me/pi21k
► Looking For A Career With Us https://www.theastuteparent.com/contact-us/
✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
► https://www.theastuteparent.com/josh-tan
*******
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.
*******
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.
Learn more on financial planning and insurance concepts, visit
► https://theastuteparent.com
✅ ENGAGE Josh Tan on a fee for financial planning to build towards for your retirement!
► https://www.theastuteparent.com/josh-tan
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