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Full retirement sum is the Amount that cpf deems you capable of retiring on basic living expenses and hence allow you to withdraw out the excess at age 55

192,000 in year 2022
In previous cpf strategy for 2022 video, thought i wouldn't hit it as i could not contribute to the full RSTU amount of $7000 annually due to the cpf amendments as discussed in my cpf changes video

But what happened was that i received around 7.5k interest in SA and 2.5k interest in MA.

As you know, when MA is maxed at bhs, the interest will overflow to SA, and subsequently OA when SA is at FRS.
What happened here was that my $10K interest from MA and SA combined, allowed me to hit 2021 Frs Amount of 186k on 31 dec 2021, hence the excess 1.5k was transferred to the OA.

With almost 2K total interest in OA, My OA was at 22K, that means I could transfer 2k from OA to SA, keeping the $20K requirement that i need to invest cpf oa funds with endowus

Then with my rstu sa of 4k, my final SA as at 1 Jan 2022 will be 186+2(oa)+4(rstu) total 192k, frs achieved.

Nothing changes much for me having achieved frs at age 30 since i can only withdraw the excess amounts above age 55. But this means i have achieved a financial safety net for my retirement and hence take on more risk in investments.
Also I do not have to worry about the yoy increase in frs amount since the annual 4% interest will probably cover more then the annual 3% increase.
Lastly mandatory and voluntary contributions from employer and employee for SA will continue to supercharge my SA above FRS and for Ma will go into Oa, supercharging my OA too, which is useful for housing mortgage payment using cpf

If you want to know why i could only rstu 4k to sa instead of 8k in 2022 then refer to my cpf strategy 2022 video

#CPF #Retirement #1M65

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