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Oct 23, 2017 · Monthly payout till 82 years old = $965. Payout duration = 9 years 1 month. Assume Bequest at age 82 = $0. So, the actual interest rate paid to your mum of 3.5% p.a. is much less than "6% on first 30k, 5% on next 30k in addition to 4% on the principal amount" that CPFB pays to people with money in CPF-RA!
Jul 1, 2021 · fr33d0m said: That’s quite an accusation from a mere removal of a part of an estimator. Even with the previous estimator, it’s merely an estimator. It is not binding on CPF to provide the said payout or bequest. It has always been a moving target based on actual mortality experience and adjust accordingly.
Mar 17, 2023 · Reaction score. 3,834. Mar 17, 2023. #123. Many people don't understand they're merely getting an annuities by CPF. You've your lower and upper range within the product itself and the payout have guaranteed and non guaranteed portion. Just like your participating plans this you buy from insurer. wulu1_69, R6exR6, jumpthepig and 1 other person.
Mar 17, 2023 · a)Total rental income say, >$1200/mth *30 years= >$430k. b)Downsizing, $500k - $130k = $370k left. Cannot calculate like this, minus off tax, misc fees and utilities, at most avg left $1000/mth instead of $1200. So its more likely $360,000. Not to add on all the unforeseen trouble and hassle of dealing with tenancy.
Apr 18, 2019 · 2,864. Reaction score. 769. Apr 18, 2019. #3. biggest risk to cpf life is govt lor.... if govt flip prata lower payouts, or wait they say 90 yr old then can start take cpf life or if suddenly change to opposition, maybe give everyone alot money then no money left for next generation.
Apr 25, 2017 · All they need to do is to tweet the payout under the old RSS instead of forcing all to tikam or gamble with CPF Life which is not transparent (and I suspect too much buffer in the calculation of LIF resulting in lower payout for the start). With lower payout at 1330 for CPF Life, RA can last to 92 yo 10 months.
Nov 27, 2021 · Andrew833 said: Using @zoneguard formula: $60K in RA will run out in 12+ years for a flat $500 monthly payout. (with interest) If choose CPF Life basic $60K in RA (no interest) divide by $410 (flat monthly payout) = 12 years 2 months +. Therefore, I think CPF Life is the better choice.
Nov 27, 2021 · your maths is oh so wrong. cpf life basic payout for a 70 year old with 60k is $380/month rate = 4%/12 pmt = -380 pv = 60000 calculate nper. nper = 18.7 years. it means you need at least 18.7 years for cpf life to win. that means that your dad would be 88.7 years old by then , which is roughly equal to the break even age.
Apr 18, 2019 · Before CPF life, RSS guarantee that how much you put in, plus interest, you take back whatever inside include bequest upon death. You cannot gain or lose on this plot. CPF life will be different, if you choose the wrong plan, dying at the wrong age. You lose a big percentage of your bequest to LIF to fund the living.
Jul 8, 2024 · I got 1650 per month from the CPF calculator based on the assumption of 2024 FRS amount, standard plan and current age of 55. So it's similar number. My question will be if this payout at age 65 (10 years later), will this 1650 amount will be inflation adjusted and the person at 65 will actually receive more than 1650 (or equivalent of 1650 present value).
