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Dear @kalvinlye7893, Thank you for taking the time to comment and share your views - we appreciate it very much. Peter Lynch's philosophy is that investors should only buy a stock when they understand the business and have enough conviction to hold the stock in all market environments. This is a sound philosophy for people with the resources, time, and interest to research companies. The issue is that most people are busy with their day-to-day lives, families, and careers and may not have the time or interest to do so. Our Head of Investment, Chye Hsern, previously wrote an article on how Providend does 'active investing' for our clients, which you can read here: providend.com/active-investing-that-adds-value-to-the-client/ You may also be interested in this article by our CEO, Christopher, on why investing in the S&P 500 alone is not the silver bullet, although it could be seen as a diversified index to some investors: providend.com/investing-in-the-sp-500-alone-is-not-the-silver-bullet/ Meanwhile, have a restful weekend ahead!

Hi @JaWs738, Thank you for your question. If a CPF member were to die between 55 and 65, even if they had set aside the prevailing Enhanced Retirement Sum (ERS) in their Retirement Account, they would not yet have been enrolled in CPF LIFE which happens at 65 at the earliest. Therefore, their beneficiaries/nominees would receive the balances of their Ordinary, Medisave and Retirement Accounts in cash (including interest earned after 55). (Note: their Special Account would have been closed at age 55, with any balance being transferred to their Ordinary Account under the new rule announced at the beginning of 2024). You can also refer to our Frequently Asked Questions About CPF here: providend.com/frequently-asked-questions-about-cpf/ I hope this helps. - Bryan, Senior Solutions Specialist

Hi @JaWs738, We noticed you added more to your question and I really hope you are doing okay. We would not recommend trying to maximise CPF pay-outs to one's beneficiaries based on when one is presumed to die. After all, our CPF money is meant first and foremost to provide for our own housing, medical and retirement needs. And death is not something that we ordinarily have the power to accurately predict or control. CPF LIFE being an annuity scheme is also designed to mitigate the risk of living too long and running out of money, not maximise returns. There are a number of moving parts when estimating the eventual bequest to a member's beneficiaries, including their current CPF balances, what CPF LIFE plan they choose, when they start taking their pay-outs and when they actually pass away, among others. So, it is hard to say for certain here in the comments. That said, for bequests, as long as a member has not yet been enrolled in CPF LIFE, their beneficiaries will receive their full CPF account balances, so the longer they live the more time their balances will have to receive interest, grow and compound. Once enrolled in CPF LIFE, however, they will start to receive monthly cash payments, but the amount that is committed to CPF LIFE as the annuity premium will no longer accrue interest to their Retirement account balance. Their beneficiaries will receive their Retirement account balance, and the balance of their annuity premium (less whatever has already been paid out) when they pass away. So, this bequest amount decreases over time from that point, and rightly so as the money is being paid out. If we consider the total cash payments from CPF LIFE as well, that decrease is mitigated significantly, and after a certain point (between 80 and 90 years old), the total cash received will eventually exceed the amounts put into CPF LIFE and will continue to rise for as long as they live. I hope this helps and please take care. - Bryan, Senior Solutions Specialist

Thank you @melsgh for taking the time to comment and have a wonderful day ahead!

@tanyongboo, Thank you for your question! Yes, if you reach your cohort FRS ($213,000 in 2025) in RA at age 55, you can withdraw the balance amount from your OA. You may also be keen to read this article here, on a prudent retirement guide amid the CPF changes in 2024: providend.com/heres-a-prudent-retirement-guide-amid-the-latest-cpf-changes/ Have a good day ahead.

Dear @tanyongboo, Thank you for your question. Yes, if you reach your cohort FRS ($213,000 in 2025) in RA at age 55, you can withdraw the balance amount from your OA. For more CPF-related information, you can check out our CPF FAQs here: providend.com/frequently-asked-questions-about-cpf/ Hope this helps and have a blessed day ahead.

Dear @Jtsh706, thanks for watching our podcast and for your question. If you have met your FRS in 2023, when 2025 comes, CPFB will not transfer more money from your SA to meet 2025 FRS. Your CPF balance in your SA will be transferred as it is to your OA and your SA will be closed. Hope this clarifies and have a restful week ahead. - Chris

@@ProvidendSG thank you.

@@Jtsh706 You are most welcome!

@@ProvidendSG allowed to top up frs ourselves to the 2025 frs amount or only can top up ers

Hi​@@Jtsh706, if you are below 55, you may top up your SA up to the current FRS. If you are 55 or above, you may top up your RA up to the current Enhanced Retirement Sum. Hope this helps and have a restful day ahead. - Chris

Dear meloon5876, thanks for your questions and you are very sharp. There is a mistake on the slide for Escalating Plan. It should not be a flat payout but escalating. My sincere apologies for that. As for your first question, AP stands for Annuity Premium, the amount that has been set aside from your RA to placed in the risk pool when you start your drawdown. - Chris

Once again, thank you so much @tomchan3112 for taking the time to leave a comment to encourage our team! :)

Thank you @tomchan3112 - it is indeed for wonderful clients like you, that Providend exists to help and to support. Without our clients, we would not be where we are today. So thank YOU too!

Thank you so much @tomchan3112 for encouraging Isaac, we appreciate it a lot. :) Isaac is also our Money Wisdom podcast co-host and you can continue to listen to content hosted by Isaac here: providend.com/providends-money-wisdom-podcast-season-3/ Have a great day ahead, Tom!

Thank you @tomchan3112 for taking the time to comment to encourage our CEO, Chris. Do subscribe to our weekly newsletter here too so you don't miss any new content from Chris once we share it: providend.com/#newsletter-subscribe Have a restful week ahead!

Hi Diane, thank you for your question. From this CPF website (www.cpf.gov.sg/member/faq/growing-your-savings/saving-as-an-employee/determine-year-of-spr-status-for-purpose-of-cpf), it appears that the year of SPR status depends on your date of obtaining SPR status, which is indicated on your entry permit. It's not mentioned that change in issue date of NRIC will affect the status. For the most accurate answer, please do contact CPF Board Or Ministry of Manpower directly for clarification. Thank you and I wish you the best! - Alvin, Client Adviser

Dear @ryanyoutube7315, thank you for taking the time to leave a comment! For now, we do not have a book on Business Exit planning but we will be rolling out more content on this in the near future. Do subscribe to our weekly newsletter here so you don't miss the information once we share it: providend.com/#newsletter-subscribe Have a restful week ahead.

Dear @sookiansheng, we are so glad you have found this video to be useful and appreciate your time taken to leave an encouraging comment! Have a blessed week ahead.

Hi @zYMz, thank you for your question. The bequest amount shown was generated from CPF website few years back when the CPF LIFE estimator still showed the bequest amount. The projection for bequest amount has been removed in the subsequent revamp of the CPF LIFE estimator. Hope that clarifies, thank you. - Alvin, Client Adviser

Thank you @fellofftheroughrock for encouraging Amelia and we hope you have enjoyed the podcast! Have a restful weekend ahead.

You are most welcome @chengboonpoon879!

Thank you @chengboonpoon879 for taking the time to leave a comment!

Hi @trd7538, thank you for your question. CPF was set up to ensure retirement adequacy for Singaporeans & PRs and CPF LIFE payout gives us a very basic retirement lifestyle. When we pledge our property, we are essentially saying that we have a roof over our head and do not need as high monthly payouts from CPF LIFE to cover for rental costs. Hence, CPF allows us to keep only BRS in our RA and withdraw anything above that. In the event that you were to sell off the pledged property, the proceeds of the sales will go back to your RA to ensure you have a higher monthly pay-out at retirement. The property ownership does not go to the government when you put a charge on the property for CPF withdrawal, whether upon death or alive. You can read up more here : www.cpf.gov.sg/member/faq/home-ownership/housing-scheme/i-may-either-be-selling-my-whole-property-transferring-or#:~:text=If%20you%20are%20selling%20your,top%20of%20the%20P%2BI. Hope the above helps, cheers! - Alvin, Client Adviser

Dear Kenneth, thank you for taking the time to comment. Have a lovely week ahead!

Thank you very much for your kind comments and have a blessed week ahead!

If you live very very long.

Hi @animacroix, thank you for your question. It's important for us to first understand that the Escalating Plan is an extension of the Standard Plan. For Escalating Plan, the monthly CPF LIFE pay-out starts at about 20% lower compared to the Standard Plan. This pay-out amount will increase by about 2% yearly and it will only become same amount as someone who is on Standard Plan when he/she turns about 78 years old. Even though the monthly pay-out for Escalating Plan will continue to increase at 2% yearly, there has has been an underpayment from between 65 to 78 years old. For the overpayment after 78 years old to breakeven the underpayment, it is estimated that the member has to reach 90 years old. Hence, this Escalating Plan will be helpful only for someone that is very concerned about living for a very long life and also worried about the impact of inflation risks. I've actually shared more on the Escalating Plan in an earlier video, you can watch it from the 17:00 minute of this video : ruclips.net/video/tu9p1Nvfl1U/видео.htmlsi=-qCOQT-9AdVhJglJ Hope the above helps you on your journey, cheers! - Alvin, Client Adviser

​@@ProvidendSGThanks!

@@animacroix You are most welcome and have a restful evening ahead!

Hi @animacroix, thank you very much for taking the time to leave a comment and explaining your thoughts. While you are correct in noting that the number of respondents predicting significant price increases one year from now has declined from 2023Q3 to 2023Q4, the primary focus of the chart is to highlight the substantial shifts in Japanese expectations regarding price levels one year ahead over the years. Including more years of data would overly clutter the chart. As noted, the percentage of respondents anticipating significant price increases one year from now has risen sharply from 5.8% to 23%, while expectations for slight price increases have remained relatively stable. This shift is primarily driven by changes in responses indicating that prices will either remain unchanged or decrease, including a halving in respondents predicting price decreases and a complete absence of those anticipating significant price decreases. For added context, it's worth mentioning that the proportion of respondents foreseeing significant price increases has not surpassed 20% in the past 13 years before 2022 Q1. For the full-length market review, you can visit this link: providend.com/an-impressive-q1-for-stocks-insights-into-japans-equity-landscape-market-review-march-2024/ We hope this answer is useful in our discussion and feel free to let us know if you have further questions. Meanwhile, have a restful day ahead! - Choon Siong, Research Analyst

Dear Minority2007, thank you very much for your feedback and we have noted this for future presentations in videos. Have a lovely rest of day ahead!

Hi Amanda, thank you for your question. To clarify, the point of illustrating the sequence of return (a form of investment risk) is not to recommend whether to start drawing down when your portfolio is getting positive or negative returns. The point is really just to illustrate the impact of investment risk when drawing down from an investment portfolio during retirement. In the later part of this webinar, we go on to share that CPF LIFE mitigates this investment risk as the monthly payout at retirement is constant and not affected by fluctuations in the markets. At Providend, we further mitigate the investment risk by spreading out the drawdown into various buckets using our proprietary RetireWell drawdown solution. You can read up more here: providend.com/retirewell-part-1-drawing-down-retirement-money/?gclid=Cj0KCQjw_qexBhCoARIsAFgBleuwAntqoXsggXNsu7lVBk3nosb2QjhCkGwI3COAw_QyrpUSrt1NBPQaAp3zEALw_wcB Hope the above helps to clarify, cheers! - Alvin, Client Adviser

Thank you @isaacongzy for encouraging Joyce with your kind words! Have a blessed day ahead.

Dear @maryong-ny4or, thank you for taking time to leave a comment and for your interest in the webinar. At the moment we have no plans to share that recording, however you may find out more in this video, where Havend's CEO Eddy Cheong shares Havend's insurance philosophy: ruclips.net/video/_zbcF42-2zM/видео.htmlsi=ftYH5jtVB_okMc2l We hope this helps and have a lovely day ahead and restful weekend!

Hi @cheesepieist, thank you so much for your comment and sorry for the late reply! On the CPF Basic plan, about 80-90% of the RA savings along with the RA interest will be able to provide payouts until age 90. You can refer to this link on the CPF website for more details: www.cpf.gov.sg/member/faq/retirement-income/monthly-payouts/what-happens-to-my-ra-savings-when-i-join-cpflife On the Escalating plan, thank you for pointing the error out. We will take note for future videos. You are right that the numbers should be going up at different ages. The estimated payout will be as follows : Age 65 : $1,126 - $1,252 Age 75 : $1,373 - $1,526 Age 85 : $1,673 - $1,860 Age 95 : $2,040 - $2,268 Hope the above helps and I wish you all the best! - Alvin, Client Adviser

Thank you @cathhl2440 for the kind words and we look forward to sharing the next video soon. Have a restful day ahead.

Thank you so much @jianghoem for the encouragement!

From Providend's website, Accumulators usually start with around SGD350K, HNW between 1.5M~8M, UHNW will be above 8M.

Thank you @JJ-iu6sr for your question and @caveman7789 for chipping in on this, we really appreciate it. The information is accurate but regardless of our clients' wealth level, we always walk our clients through a very thorough discovery session to find out what is most important to them, where they are right now and where they want to be. We will then develop a holistic wealth plan to help them address their needs and reach those goals. Each client is very important to us. You may also be interested in one of our eBooks on retiring well here and we hope you will enjoy reading it: providend.com/publications/#retirewell Have a lovely weekend ahead!

Morning @thureinoo, thank you so much for the kind words! It made our day. :)

Me too

Thank you for your kind comments @jessiejames7492 and have a lovely day ahead!

Hi @nancylim5221, thank you for asking your question on behalf of your friend. Assuming she has reached her cohort FRS in RA at age 55, she can freely withdraw funds from her SA and invest in SSB. However, the current SSB tranche offers a first-year interest rate of 2.95% and 10-year average return of 3.04%. She could leave her funds in SA now to enjoy at least 4% interest rate till end of the year. Her SA would be closed and transferred to OA early next year. By then, she can look at what are the rates in relatively safe instruments like SSB, T-bill, FD and decide to invest in them if the rates are better than the baseline OA 2.5% interest rate. Thank you and have a blessed day ahead!

@@ProvidendSG Thank you for helping to answer my queries! Greatly appreciated.