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Anonymous

10 Jun 2020

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I feel like with CPF, I am not in control of how much I want to save and spend as compared to investment. What are your thoughts on this?

How does CPF make a better retirement savings plan if I am unable to control the money that goes in and out of it?

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Shengshi Chiam, CFA

10 Jun 2020

Personal Finance Lead at Endowus

Hi Anon,

I am sure everyone feel the same way - this is something that I feel strongly about- 37% of my gross salary goes into CPF but somehow not many people think of optimising it.

Invest it, or do the OA to SA transfer, I think most importantly we should take ownership of our own money and try to do more with our CPF.

I did a webinar on this topic btw, hope you find it helpful!
https://www.youtube.com/watch?v=64aneAcGj8c

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