facebook45 yrs old single, saving for retirement. I have $65K CPF-SA and $30K in CPF-OA. Does it make sense to transfer all my OA to SA, or use $10K to invest in Endowus for higher i/r? - Seedly

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Anonymous

Edited 05 Jan 2022

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CPF

45 yrs old single, saving for retirement. I have $65K CPF-SA and $30K in CPF-OA. Does it make sense to transfer all my OA to SA, or use $10K to invest in Endowus for higher i/r?

PS - I have zero needs to use CPF-OA to pay for property as I'm all settled in that area.

Discussion (4)

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Cryotosensei

09 Jul 2023

Blogger at diaperfinancingfund.blogspot.com

If you wish to invest with EndowUs, it's better to use your OA money because the 4% interest rate for SA is already quite substantial. No point risking your SA money for potentially higher returns.

Hello there,

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Same thoughts here with Elijah, I think it will be wise to transfer all balances from Ordinary Account to Special Account. As your annual interest for funds in the ordinary account (OA) will increase from 2.5% to 4% in Special account.

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Will be better to use your own cash/savings to invest, leaving the retirement amount to compound with 4% per year.

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Elijah Lee

10 Jan 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

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Personally I'd just transfer my OA to SA in this scenario. The faster you build your SA...

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