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12-10-2010, 11:11 PM
Some humble opinions...(free and therefore does not worth much....)
1) Are you properly insured for death, disability and hospitalisation? Insurance planning must take precedence over investment planning.
2) If you are drawing a monthly salary, you may want to factor in the lower CPF contribution when you hit 50.(http://mycpf.cpf.gov.sg/Employers/Gen-In...ntriRa.htm)
3) HDB loan is quite safe to get and most likely, the interest rate will stay at 2.6% for a long long time. However, I think it may not be advisable to empty your CPF ordinary account. Preferably, your CPF ordinary account should hold enough money to repay your mortgage loan in the event of job loss. You can actually take the maximum period (25 years in your case) and do lump sum repayment along the way that will reduce your repayment period.
need to go and sleep now... hehe...
1) Are you properly insured for death, disability and hospitalisation? Insurance planning must take precedence over investment planning.
2) If you are drawing a monthly salary, you may want to factor in the lower CPF contribution when you hit 50.(http://mycpf.cpf.gov.sg/Employers/Gen-In...ntriRa.htm)
3) HDB loan is quite safe to get and most likely, the interest rate will stay at 2.6% for a long long time. However, I think it may not be advisable to empty your CPF ordinary account. Preferably, your CPF ordinary account should hold enough money to repay your mortgage loan in the event of job loss. You can actually take the maximum period (25 years in your case) and do lump sum repayment along the way that will reduce your repayment period.
need to go and sleep now... hehe...