Advertisement

Petela Chan

31 Dec 2020

∙

Hi, have built an ok CPF amt after working for many years. I am 50 now and retiring in 10 years time. have some spare about 50 -100k cash on hand. What can I do with 10 years to go?

I have $50k to $100k spare cash, retiring in 10 years, any investment advice appreciated.

4

Discussion (4)

What are your thoughts?

Learn how to style your text

1M45

31 Dec 2020

1st: Your current target is to pump your CPF to $271500 by 55.

2nd: depend on your comfort level. You may choose to invest in (a) dividend paying stocks, or (b) growth stocks, or (c) unit trust that give monthly payout (Similar to bond, but dont buy fixed income or individual bond)

But with 10years to compound you may need to pump more monthly to see significant impact. Below shows the calculation, assume you pump $2k monthly into your investment for 10 years With 6% growth.

Leave the link below, u can play with the caculator to see your target sum & your monthly contribution required.

http://www.moneychimp.com/calculator/compound_i...

https://www.cpf.gov.sg/Members/Schemes/schemes/...

Reply

Save

Daniel Kok

26 Dec 2020

I think it will be best to invest in dividend income Products!

Reply

Save

PolicyWoke

26 Dec 2020

Turbo-charge Your Savings with REPs at PolicyWoke

Hi Petela,

For the spare cash you have, it depends on your risk appetite.

For low-risk options wit...

Write your thoughts

Related Posts

Hi I’m a 24 years old working freelance with about 3k of spare cash every month. Should I top up my CPF? If yes, should I top up directly to SA or MA or all 3?

I have been throwing all my CPF contributions to property despite having spare cash on hand as my concern is that the CPF retirement age will be pushed back?

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

Hi, If I were intending to sell my condo between year 5 to year 10, should I take the max loan tenure from the bank or should I shorten the tenure? Should I pay my loan installments by cash or cpf?

Single owner of resale HDB flat (used CPF and HDB loan), don't expect to fully pay off by retirement age. Is it possible for me to still d/g to smaller HDB (BTO or resale) in 10-15 years time?

Related Posts

Hi I’m a 24 years old working freelance with about 3k of spare cash every month. Should I top up my CPF? If yes, should I top up directly to SA or MA or all 3?

I have been throwing all my CPF contributions to property despite having spare cash on hand as my concern is that the CPF retirement age will be pushed back?

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

Hi, If I were intending to sell my condo between year 5 to year 10, should I take the max loan tenure from the bank or should I shorten the tenure? Should I pay my loan installments by cash or cpf?

Single owner of resale HDB flat (used CPF and HDB loan), don't expect to fully pay off by retirement age. Is it possible for me to still d/g to smaller HDB (BTO or resale) in 10-15 years time?

Advertisement