Serious PE Deposit Loser Boasts of His CPF Funds And 4.5% Returns p.a.! Your CPF Got How Much?

[JohnTan]

I received a letter from CPF that I have a sum of $213,137 in my retirement account and that I will be receiving a monthly payout of $1,182 in a few months time when I reach age 60. The payout is expected to last 26 years.

This will last me until age 96, but I would probably not last that long. When I pass away, the balance of the retirement account (if any) will pass to my beneficiaries.

I calculated the return on the payout to be about 4.5% per annum.

Tan Kin Lian fb 21 Nov 2017

 

[halsey02]

I received a letter from CPF that I have a sum of $213,137 in my retirement account and that I will be receiving a monthly payout of $1,182 in a few months time when I reach age 60. The payout is expected to last 26 years.

This will last me until age 96, but I would probably not last that long. When I pass away, the balance of the retirement account (if any) will pass to my beneficiaries.

I calculated the return on the payout to be about 4.5% per annum.

Tan Kin Lian fb 21 Nov 2017

Can I give him my ID , so that he can nominate me, as beneficiary?.

 

[bobby]

The world's bestest self funded pension scheme....

 

[JohnTan]

According to tan kin lian's math, 60 + 26 = 96.

I wonder how many insurance policies were miscalculated under his watch.

 

[zhihau]

Can I give him my ID , so that he can nominate me, as beneficiary?.

His son wouldn't be happy