Anonymous

21 Jan 2024

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If my parent age 63 y/o as of year 2024 have yet to reach the BRS in their retirement account and they have yet to reach their BHS in MediSave account which one should they TopUp?

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YOC

1d ago

Yes RSTU to RA to increase the total amt.

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Albert Tan

22 Jan 2024

Financial Literacy & Solutions at MoneyOwl

Should consider RSTU to RA for matching grants. https://www.cpf.gov.sg/member/growing-your-savi...

VC-MA will only entitle them for tax relief - may not be as impactful as dollar matching.

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Parent age 61 y/o has yet to reach BRS. Is it wise to TopUp their CPF RA or CPF SA?

At what age should one start to TopUp their CPF SA to reach FRS? Is it adviseable to TopUp CPF Special Account at young age?

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