Sheena Choy

27 Jun 2023

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I’m thinking if I should have the amount of ERS in my Cpf. 4% risk free interest is attractive. But it also means more of interest will go to the common pool in Cpf LIFE. Let’s discuss.

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JH L

31 Oct 2023

4% is indeed attractive, and you can retain most of it if you choose the basic plan. If you are fine with accepting a lower CPF Life payout,

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LLy

01 Jul 2023

What's your current age?

An older friend suggested pledging FRS at 55 first (so as not to lock the money or something like that?).

Then at age 65 (or whenever you want to start CPF Life payout), then you pledge to ERS.

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If I want to max out my CPF top up and let my SA grow with interest compounded at 4%, my RA would have about 710k by the time I'm 55. Is this correct?

I will reach 55 next March 2021 and I'm thinking of parking my CPF SA before ERS is being created. Besides Singapore T-bills, what are the funds available that has low risks for such shield?

45 yrs old, saving for retirement. I'm thinking of investing my OA aggressively using Endowus. But does that mean I need to liquidate all my funds by 65 yrs old latest to optimize CPF Life payouts?

Nowadays credit card offers interest free instalment for large purchase (eg. Facial packages etc.). Is it better to pay the entire amount or go for the interest free instalment?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?