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CPF Life gives a monthly lifetime payout from age 65 onwards and all Singaporeans should definitely make use of this great annuity plan for their retirement income.
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however, even at the ERS, CPF Life currently pays out about 2000+/month. this amount may be enough for some, however for those who wish to live a more luxurious lifestyle, they should ideally have more income coming in monthly. Especially also taking into account that lifestyle expenses will increase with inflation.
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Stock dividends, privite annuity.