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 Private Retirement Fund, What the hell is that??

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Duckies
post Nov 25 2024, 10:32 AM

Rubber Ducky
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QUOTE(alexwsk @ Nov 15 2024, 12:24 PM)
So, if I want to contribute 3k for prs, do I need to sign up at PPA or just fsmone will do?
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QUOTE(MUM @ Nov 15 2024, 01:05 PM)
If I can recall correctly, .... previuosly, ...just fsmone will do, they will provides you the form to open the PPA Accoount too.

Not sure about latest, but I believes it is still the same
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Ya that's correct. I just opened mine recently. Can do it via the mobile app.

Not sure about PBB Mutual fund tho..is it the same process?
Duckies
post Nov 25 2024, 12:34 PM

Rubber Ducky
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Senior Member
9,796 posts

Joined: Jun 2008
From: Rubber Duck Pond


QUOTE(MUM @ Nov 25 2024, 12:12 PM)
I believes, those that knows FSM or eunittrust platforms seldom chooses PM to buy PRS funds as PM charges 3% sales charges for each buy whereelse, others charges 0%
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But if one wants to buy PRS from PBB then need to use PMO right?
Duckies
post Nov 25 2024, 01:15 PM

Rubber Ducky
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Senior Member
9,796 posts

Joined: Jun 2008
From: Rubber Duck Pond


QUOTE(MUM @ Nov 25 2024, 01:14 PM)
If PBB funds, I think those Public bank branches that has wealth management services or CS counter can process too.
I saw many times, they promotes to seniors....potentually earn more interest than FD
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I saw that we can actually apply it online via Public Mutual Online but I am unsure if PMO will help with the PPA application hmm.gif

This post has been edited by Duckies: Nov 25 2024, 01:16 PM

 

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