What are the advantages/disadvantages applying for PR?

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sundaymorningstaple
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Post by sundaymorningstaple » Fri, 27 Aug 2010 6:17 pm

How does forcing you to "save" translate into being a hassle? :o
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

c0c0miami
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Post by c0c0miami » Thu, 02 Sep 2010 2:11 pm

You mentioned that you won't mind your son going for NS. Before you apply PR for him, perhaps you want to consider if he would mind when he is 18. My husband and I are PRs but we will let our kids decide if they want to be PR or not when they are older and know what they want.

There is not much benefit for him until it is time to enrol into P1. Local school is cheaper than private school. There is no subsidy for PR for pre-school.

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 02 Sep 2010 4:28 pm

c0c0miami wrote:You mentioned that you won't mind your son going for NS. Before you apply PR for him, perhaps you want to consider if he would mind when he is 18. My husband and I are PRs but we will let our kids decide if they want to be PR or not when they are older and know what they want.

There is not much benefit for him until it is time to enrol into P1. Local school is cheaper than private school. There is no subsidy for PR for pre-school.
You reckon your son will know what he wants to do when it's time to enrol into P1? :???:
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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carteki
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Post by carteki » Thu, 02 Sep 2010 5:11 pm

sundaymorningstaple wrote:Show me any other financial vehicle that will give the same rate of long term return "risk on risk" that CPF does. Current from 2.6 to 4% with an extra 1% on the first 60K.
Yeah, and with inflation running at 7% you're going to have LOTS OF MONEY to spend in the future (for those of us who have a while to go that is)

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sundaymorningstaple
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Post by sundaymorningstaple » Thu, 02 Sep 2010 5:46 pm

We could also look at it another way. We are losing at a slower rate than everybody else. Especially those holding IRA's & 401k's and similar stuff that's virtually worthless already. :cool:
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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