Are 401k & Roth better than CPF & SRS?

Interesting didn't expect to hear 401K in Singapore.

As many pple here mentioned, 401k are more risk-bearing than CPF "risk-free".

Though to most Singaporeans, we don't really have substitutes to choose between CPF and 401k right?

Its more of CPF = to leave it at 2.5%, transfer to SA at 4%, or use it to buy property....

401k and roth and CPF and SRS have their pros and cons..

https://www.investopedia.com/terms/1/401kplan.asp

1 key difference like what Lok Yang Teng mentioned.... our CPF is 4% risk free..

unless you have a good fund manager who manages your 401k funds... and with situation like this...even the best fund manager will not be able to save your 401k funds.

you have to your calculations whether worth to reduce tax payable by topping up...if not u can just pay your tax..use your cash on investment... Most people dont have time to manage, which is probably why most will top up CPF to get risk free interest and also get tax relief at the same time.

#planwithcolin