10 October 2017

Multiple Streams of Income

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.

2 comments:

My Sweet Retirement said...

Nice Retirement planning. How old are you?

Lizardo said...

Sweet Retirement,

Hah. Old enough to feel that 55 is not too far away. How about you?