Friday, December 26, 2014

New-found Faith in the Central Provident Fund (CPF)

Everyone, please take a deep breath.

During this year, I have made an irreversible and permanent transfer of $25,000 from my Ordinary Account (OA) to my Special Account (SA).

By transferring $25,000 from the OA to the SA, I am projected to earn $17,000 more interest after 20 years, as compared to leaving the amount in the OA. $17,000 is 68% of the original sum!