Advertisement

Nicholas Schuester

09 Mar 2020

∙

Cheng Chuan says we can save $1M in 35+ years for retirement. But now with CPF Life how do you take the money out?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

MT2020

09 Mar 2020

A retirement summ will be set aside for cpf life. The remaining money you will be able to take it out.

Reply

Save

Loo Cheng Chuan

05 Mar 2019

Founder at 1M65 Movement

Please Google to find out how CPF life works. There is a lot of misunderstanding to how it operates. In a nutshell, you can take out anything above the FRS minimum sum, and the rest be taken out as an annuity.

Reply

Save

Nicholes Wong

03 Mar 2019

Diploma in Business Management at Nanyang Polytechnic

After setting aside the FRS, you can withdraw the rest of the money at age 55. The CPF Life will als...

Write your thoughts

Related Posts

Hi all, I would like to find out about CPF Savings and CPF LIFE payout for personal retirement in 30 years time?

In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

Does the CPF Matched Retirement Savings Scheme only apply to CPF Life? Or is it also applicable to the Retirement Sum Scheme?

Related Posts

Hi all, I would like to find out about CPF Savings and CPF LIFE payout for personal retirement in 30 years time?

In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

Does the CPF Matched Retirement Savings Scheme only apply to CPF Life? Or is it also applicable to the Retirement Sum Scheme?

Advertisement