Asked by Anonymous
Hello,
I am 33 years old and I have purchase a resale 5 rm flat (valuation at 465k) I have utilised 300k of cpf monies with accrued interest and i have a remaining loan tenure of 13 yrs (with a repayment amount of 1,900 per month).
Mathematically, I would hit the valuation value in 7 yrs time.
By then I would be subjected to have a minimum half of the basic minimum retirement sum (OA and SA combined) as I will be under 55 years of age. I am close to maximising my OA contribution and hardly have any OA balance now.
I would then have to pay 1,900 in cash for the remaining 6 yrs.
Does anyone have a sound proposal for me given my current plight?
I am 33 years old and I have purchase a resale 5 rm flat (valuation at 465k) I have utilised 300k of cpf monies with accrued interest and i have a remaining loan tenure of 13 yrs (with a repayment amount of 1,900 per month).
Mathematically, I would hit the valuation value in 7 yrs time.
By then I would be subjected to have a minimum half of the basic minimum retirement sum (OA and SA combined) as I will be under 55 years of age. I am close to maximising my OA contribution and hardly have any OA balance now.
I would then have to pay 1,900 in cash for the remaining 6 yrs.
Does anyone have a sound proposal for me given my current plight?
416 views
