Non-Reliance On CPF

I previously mentioned of the CPF which is considered as the pension fund in overseas countries. I do not know whether I will be getting the pension fund in the event if I reach the withdrawal age. The goal posts have been shifting by the Authority all these years. It makes sense for me not to rely on the pension fund as the future is unknown. It makes sense to focus on the generated dividend from the investment portfolio and allocate the expenses based on the generated dividends on a yearly basis. If I manage to withdraw the pension fund, it will be great and I will invest the pension fund into the investment portfolio which will generate more dividends.

As mentioned before, I will focus on the other aspects of life and let the investment portfolio do the work in generating more dividends for my expenses. I will adjust the expense accordingly. It is unlikely that I will increase my expense since I am adopting the minimalist approach in life.

WTK

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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