A stocktake of income streams ...
At age 55, excess funds in CPF after deducting for CPF-RA (to fund CPF-Life)
From age 62, Supplementary Retirement Scheme
From age 65, CPF Life
And throughout, complemented by passive income streams from ...
Savings accounts - interests (<0.5%)
Money market funds - interests (0.5-2%)
Savings account with special/high yield - interests (1.5-2.5%)
Shares - dividends (3-4%)
Preference Shares - dividends (4-6%)
REITs - dividends (5-7%)
Bonds - coupons (4-6%)
P2P Loans - interests (12-25%; effective interest is lower due to defaults)
Blogging income - click-ads (pathetic)
Additional sources with constraints ...
CPF-OA - interests (2.5-3.5%; subject to policy changes)
CPF-SA/RA/MA - interests (4-5%; subject to policy changes)
Everything starts to look more interesting as age creeps towards 55.
Nice Retirement planning. How old are you?
ReplyDeleteSweet Retirement,
ReplyDeleteHah. Old enough to feel that 55 is not too far away. How about you?