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 persons are much less within the CPF as of late.
Additionally, many individuals suppose CPF MA is cash trapped whereas CPF SA is cash they’d 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 fascinating feedback.
Somebody requested me why did not I discuss Careshield or Eldershield within the movies.
Effectively, I actually do not care a lot for Careshield and I solely bought Eldershield as a result of a pal satisfied me that I might be doing my half to convey down the price of the group insurance coverage by participating.
AK likes serving to if it isn’t too pricey.
I do not want Eldershield and I’ve blogged about this earlier than.
Why?
Common readers would possibly keep in mind that I blogged about how passive earnings is the most effective insurance coverage in life.
Significant passive earnings.
After so a few years, I imagine that my passive earnings stream has turn into a river.
I shouldn’t have any bother with assembly daily bills even when I ought to turn into bodily challenged.
Nonetheless, I do fear about large monetary bombs.
A relentless stream of passive earnings is nice at coping with daily bills.
It is not going to have the ability to address atomic bomb occasions.
For this reason I preserve an emergency fund.
A big emergency fund.
For this reason I complement Medishield Life with Incomeshield.
I protect 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.
Have to be even handed.
I need to make sure to have layers of economic safety which matter, and never something superfluous or pointless via being greater than sufficient.
If AK can do it, so are you able to!
#Layers #monetary #safety #matter
