Wednesday, October 18, 2006
*Plans*to QI
CPF InvestmentSingle Premium-min. $5000 (can be for those who have sum amt in their CPF but not contributing anymore)
for the investment
Recurrent-min. $1200 per year (for at least 2 yrs, those SA or OA less than 5K can do recurrent.example: u got 3 K.so u can do for 2 yrs.each yr 1.5 k.)
to earn more age is also a considering factors.
what ever it is.it will be good to do financial planning.
JERRY is willing to be
"used" and do it for your parents.=p
Saving PlanCombination of PRU CASH AND PRU SAVE.
save $100 per month
one yr bout $1200
from the 2nd yr onwards grauntee cash payback of $500 (almost half of what u have save)
at the end of 25 yrs.
u will get back what u have save ($1200x25 yrs=$30000)
plus the cash payback ($500x24 yrs=$12000)
so total u get back about $42000 at the end of maturity
not onli that, if u dun get out ya $500 cash payback every yr
it will accumulate a 3% interest.=p
let say,$100 is too taxing for u now.
you get start at a lower premium bout $60 -$70 (PRU CASH)
so from the next yr onwards u can use the cash payback to get the combination plan.=p
my mum say good to save for marriage..wahaha.=p
