CPF@55 Policy Designed to Make the Rich Richer!
Do you know that CPF@55 policy can help you get richer with a bigger SA (Special Account Balance) after 55?
Yes, provided your are rich with a big OA (Ordinary Account Balance) and SA which exceeds the FRS (Full Retirement Sum). Assuming you have $240k (SA), $160k (OA) and FRS is $200k, this is how you can become richer after 55:
Related Articles
1. 2 weeks before your 55th birthday, buy a stable Unit Trust Bond Fund with $200k SA under CPFIS/SA investment scheme (minimum $40k SA must be maintained)
2. On your 55th birthday, CPFB will transfer $40k (SA) and $160k (OA) to your RA (Retirement Account) to form $200k FRS.
3. Next day, sell your CPFIS/SA investment of $200k, this will be returned to your SA.
4. You now have $200k (SA) and $0 (OA) after RA is created!
What happens on your 55th birthday if you did not do the hack (ie. step 1&3) above? CPFB will transfer $200k (SA) to RA. So after 55, you will have $40k (SA) and $160k (OA) instead.
How much richer can you get with the above hack? Your $200k (SA) @4% will balloon to $296k after 10 years. But your $40k (SA) @4% and $160k (OA) @2.5% will only balloon to $264k after 10 years. So you will be $32k richer after 10 years if you know how to hack!
Is it legitimate? Yes, with written confirmation from CPFB!
So CPF@55 Policy as described above is designed to Make the Rich Richer?
Provided you know how to hack and know how to grow your SA (with topups and transfers) before you are ready by 55?
But why keep the hack a secret?
Shouldn't CPF@55 Policy be made transparent to all Singaporeans?
Where's the equality?
