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Jerald Tham Wealth

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Jerald Tham Wealth

Helping my clients build wealth that lasts.

23/06/2023

Singaporeans & PRs can effectively secure their retirement by strategically incorporating the Central Providend Fund (CPF) into their retirement planning.

But, how do you know if you’ll ever hit the retirement sums, and consequently what will be your estimated monthly payout when you turn 65?

While we can utilise the several retirement planning tools created by CPF Board (CPF LIFE Estimator, CPF Planner - Retirement Income), these tools have their limitations. At the time of writing, the ‘CPF LIFE Estimator’ is designed only for members between age 55 and 79 in 2023 - if you are below 55, sorry! The ‘CPF Planner - Retirement Income’ does not seem to factor in Ordinary and Medisave accounts (contributions above the Basic Healthcare Sum flow over to the Special Account) in its projections.

To help myself and my clients obtain a reliable estimate of our CPF balances when we turn 55/65, I spent some time (a really long time) to program my own projection tool.

I am relying on it to find out:
- If I’ll ever run out of OA to pay for my home
- How much CPF LIFE payouts I can expect to receive from age 65
- How much CPF I can withdraw at age 55
- If I'll be able to pay my Integrated Shield Plan premiums till old age

Feel free to reach out to obtain a reliable estimate of your CPF numbers.

31/05/2023

The CPF retirement sums serve as goalposts for us (Singapore residents) to strategically plan and secure our retirement. That is if we wish to rely on CPF as our annuity of choice.

With the growing popularity of using CPF to build a sizeable retirement fund, find out how CPF LIFE works in this post!

21/04/2023

There’s nothing stopping you from paying down a 30 year loan halfway. You can pay it off at anytime. If at the end of 15 years you feel like writing that cheque and get that debt out the way, by all means!

03/08/2022

One of the things I’d tell my 6-years-ago-self (the moment I started work) is to start contributing towards investments monthly. As with most goals we try to achieve, the later we start, the harder we’ll have to work to achieve the same result. It’s the same with growing wealth – the later we start, the more we have to save or invest to achieve the same goal.

Perhaps I procrastinated because I didn’t know where to begin. The good news is, today there are many more avenues available to help us accumulate wealth than just a while ago, so one should be able to find something suitable. If you have the aptitude/time/interest to do your own research, try your hand at DIY investing. Otherwise, outsource it to the professionals by paying a fee. Only time will tell which method yields the higher ROI, so I’d say the ‘better method’ is the one that gets you started.

Live below your means, and invest as soon/much as you can afford to!  (Calculations based on $300x12=$3600 compounded at 5% annually.)

14/12/2020

Someone else is eating your cheeseburger - and only YOU can stop him.

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51 Scotts Road, Prudential @ Scotts
Singapore
228241

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