Advertisement

Anonymous

04 Jun 2019

∙

CPF just take out $176k into my RA account. Leftover is about $500k. Should I leave them there as I am still working now with no home or car loans. ? Or should I take it out for some investment?.?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Hariz Arthur Maloy

04 Jun 2019

Independent Financial Advisor at Promiseland Independent

Your remaining 500k is giving you a guaranteed 2.5-4% return currently. It's a very good deal.

At your age, you might not want to take so much risk and invest. You should consider looking at guaranteed products instead.

What you may want to look at would be to complement your CPF Life payouts by getting another Annuity that will pay you a guaranteed stream of income for life.

It's good to remain conservative with your retirement money, especially when you'll be needing it very soon. Look to preserve your wealth at this stage of life.

Reply

Save

Write your thoughts

Related Posts

I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

If i have more than 50% for downpayment in my cpf ordinary account to buy a resale flat, do i still need to fork out another 5% cash if i take a bank loan?

How should I plan my budget having just emptied my savings and cpf account to fully pay up my apartment? I will probably be working for another 30 years and assuming my take home stays at $3800.?

If I were to have cash on hand ($30k) and cpf-oa @ 2.5% ($30k) and am taking up a bank loan at 1.5%, would it be advisable for me to clear my housing loan or let the cpf remain in OA or invest in ?

My mum is 70 y/o this year and still working. At her age, is it still advisable to do TOP-up to her cpf account? Separately, what can I do TOP up to her Medisave account?

Related Posts

I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

If i have more than 50% for downpayment in my cpf ordinary account to buy a resale flat, do i still need to fork out another 5% cash if i take a bank loan?

How should I plan my budget having just emptied my savings and cpf account to fully pay up my apartment? I will probably be working for another 30 years and assuming my take home stays at $3800.?

If I were to have cash on hand ($30k) and cpf-oa @ 2.5% ($30k) and am taking up a bank loan at 1.5%, would it be advisable for me to clear my housing loan or let the cpf remain in OA or invest in ?

My mum is 70 y/o this year and still working. At her age, is it still advisable to do TOP-up to her cpf account? Separately, what can I do TOP up to her Medisave account?

Advertisement