I am in my early 50s, is it too late to invest my CPF OA monies?

What are the age restrictions when it comes to investing with your CPF? What are the limitations when you're in your 50s?

Endowus

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Shengshi Chiam, CFA

11 Mar 2020

Personal Finance Lead at Endowus

Hi Anon,

No, definitely not. We often get this question from customers who wonder if they should withdraw their CPF OA monies at 55 and invest it as cash, or to invest their CPF monies.

If you have need for funds after your retirement (assuming you retire at 55), and have other cash/SRS investments that you have at hand, do liquidate these first. This is because CPF acts as a high interest savings account at 55 - you get to withdraw money immediately via Paynow so it is as good as cash. The only issue is that any money that you take out you cannot put in any more, hence you lose this option of a high yield savings account,

We understand that the CPF investable universe is very narrow relative to cash investments, but if you are able to invest in a low cost, diversified manner, such as through Endowus, then you would be able to grow this high yield savings account bigger should you choose to liquidate your investments gradually at a later stage of wealth.

Hope this helps!

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