I produced a few movies on the CPF MA just lately.
I used to be questioning if I ought to do it as a result of individuals are much less within the CPF lately.
Additionally, many individuals suppose CPF MA is cash trapped whereas CPF SA is cash they might get to make use of in retirement.
I went forward and did it anyway as a result of I wished to remind myself of the significance of the CPF MA.
As anticipated, solely a small variety of viewers had been within the movies.
Nonetheless, they did get some attention-grabbing feedback.
Somebody requested me why did not I discuss Careshield or Eldershield within the movies.
Properly, I actually do not care a lot for Careshield and I solely bought Eldershield as a result of a good friend satisfied me that I’d be doing my half to carry down the price of the group insurance coverage by collaborating.
AK likes serving to if it’s not too pricey.
I do not want Eldershield and I’ve blogged about this earlier than.
Why?
Common readers would possibly do not forget that I blogged about how passive revenue is the most effective insurance coverage in life.
Significant passive revenue.
After so a few years, I consider that my passive revenue stream has grow to be a river.
I should not have any bother with assembly everyday bills even when I ought to grow to be bodily challenged.
Nonetheless, I do fear about massive monetary bombs.
A relentless stream of passive revenue is nice at coping with everyday bills.
It is not going to have the ability to address atomic bomb occasions.
For this reason I maintain an emergency fund.
A big emergency fund.
For this reason I complement Medishield Life with Incomeshield.
I defend myself from big medical payments which may one shot my checking account.
When engaged on the blueprint for retirement adequacy, I used to be very a lot conscious of my limitations.
Some issues we want and a few issues we do not.
Should be even handed.
I wish to you should definitely have layers of monetary safety which matter, and never something superfluous or pointless by way of being greater than sufficient.
If AK can do it, so are you able to!
