Hi everyone, questions regarding retirement planning.?

Hey there!

Its great that you are looking at retirement. CPF is a risk free way of generating interest but do note that you will only be able to withdraw your CPF monies till way later. Meaning to say you have to make sure you have liquidity to meet your near-term needs eg. housing etc. 4% a year is a great risk free way so you can try and diversify your monies so you can aim for capital gain through investments.

RSPs are great way to make your money work for you. You can adopt a Robo which will craft a portfolio based on your time horizon and risk appetite, opt for an online broker to track a ETF or get an ILP through a trusted agent.
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Great that you are thinking far ahead. There are many benefits to topping up SA, including tax break and good returns over the long term.

However, it is important to note that money in SA cannot be withdrawn till a much later age. Therefore you have to take into acccount possible future expenditure such as marriage, housing and children. Cash meant to defray these costs can be put into investments but with high liquidity and less risk if required in the near future. Excess of your income after also factoring expenditure and investments can then be used to top up SA.