Anonymous

Edited 05 Jan 2022

∙

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.

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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.

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Louis Lui

11 Jan 2022

Hello there,

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.

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

*I help individuals to achieve financial freedom, contact me at https://linktr.ee/LouisLuiyuze if you need help with your finances. Cheers!

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Elijah Lee

10 Jan 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

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

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