I have hit Full Retirement Sum in my SA account at the age of 41!

I am always a big fan and advocate of CPF similar to other Financial Youtubers and bloggers have advocated.

This is purely due to the fact that CPF Special Account generates 4% interest per annum and CPF funds are legally protected from creditors in the event you need to declare bankruptcy.

My view of CPF is on the following:

If all my other investments fail, my SA account is my last safety net for my retirement when I reach 65 years old. Upon 55 years old, any excess money above Full Retirement Sum is withdrawable and become another form of bank account enjoy 3% interest!

It is indeed possible to save hard when you are young to invest while focusing to top up your CPF or transferring some excess OA money into the Special Account so you can enjoy the compounded effect for more years! 

As such, I am happy that I have achieved Full Retirement Sum at the age of 41 years old! I know many others such as Chris from Honey Money SG have achieved this at a much younger age, but I prefer not to compete with anyone in order to make myself better (endless of comparison!).

I have done two times of transferring my $5K from my OA to SA as well as topping up by cash twice. The rest is all compounded through my monthly salary and bonuses while I did nothing much. This is the power of compounding.

There is another S$200K which I have put into my property, and another S$40K in CPF investment.

Seems like I am on track to achieve full ERS or 1M65 when the time comes.

Best Regards,

SG Cashflow Investor