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Do you top up your CPF? I personally wont do it

Started by default, Jan 01, 2025, 11:25 AM

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default

unless you got family etc. just my 2 cts

u also not sure if u will live until withdrawal. for me, not married and father is old in nursing home

if i top up and i die before withdrawal it will only benefit my relatives since i no bros and sis

if i can confirm live past withdrawal then of course will top up, but who the hell will know?

this topping up is for those with children and wife or at least got a healthy parent or bros and sis... actually most people also dont rly care abt their bros and sis and are not close to them also
Only money is real

default

If say i detect illness, cpf can ask to withdraw and i alr got a few hundred k inside like everyone else liao

How does having say 50k additional improve my qol before i uolorry

And in a way cpf is also like a trap, even if u are married and have kids. Since they always shift goal posts
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Arctic

Nv use cash to top up cpf. At most xfer some from OA to sa when first enter workforce
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Banned User

Quote from: default on Jan 01, 2025, 11:25 AMunless you got family etc. just my 2 cts

u also not sure if u will live until withdrawal. for me, not married and father is old in nursing home

if i top up and i die before withdrawal it will only benefit my relatives since i no bros and sis

if i can confirm live past withdrawal then of course will top up, but who the hell will know?

this topping up is for those with children and wife or at least got a healthy parent or bros and sis... actually most people also dont rly care abt their bros and sis and are not close to them also

Hmm, maybe topup for moi parents. There's MRSS
https://www.cpf.gov.sg/member/infohub/educational-resources/matched-retirement-savings-scheme-what-you-need-to-know
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default

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Shiori

cpf is go in cannot take out

i wont put $ inside cpf

Banned User

Quote from: default on Jan 01, 2025, 01:50 PMif top up for parents yes makes sense since they are already elderlies and at the age of getting $$ back

If parents cannot take out money then no point to topup lol
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Arctic

Quote from: default on Jan 01, 2025, 01:50 PMif top up for parents yes makes sense since they are already elderlies and at the age of getting $$ back

But they dun have the time to roll compound interest whereas younger ppl have the luxury to do that. By that, young ppl top up cpf then make sense mah haha
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default

Quote from: Arctic on Jan 01, 2025, 05:30 PMBut they dun have the time to roll compound interest whereas younger ppl have the luxury to do that. By that, young ppl top up cpf then make sense mah haha

unless u v sure u wont die before withdrawing or u got close family to take it over else it will just go to distant relatives (unlikely govt unless u totally no one)

first of course is immediate family, then uncles aunties, cousins, and even more distant cousins and aunts etc

im just wondering they stop at which level ah. some of the distant aunts and cousins they may not know u also
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jim889

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