In my early 50s. Paid off my resales 3rooms HDB. Max my FRS as of 2024. Saved 12 months emergency fund. No investment portfolio. My children are still young. About planning for my children's future?

I force myself to save $5k in each of my two children's CDA accounts. But there's me lar. I don't want to mess around with stocks or unit trusts or even ETFs for my children's college funds. When I save up $40k each for them in their CDA account, then yes I will look into investing in possibly more profitable assets

​

How old are your children? If they are old enough to understand and if you feel that your runway is tight, why not save in your CPF OA account and buy T-bills? Cos your children just need to return you the money (plus interest) when they finish their university

Depends on how long more you need to support your child? Perhaps another 15 year? Then it is a good enough runway to invest into equity, etf, unit trusts that can serve as their education fund in future.

I think providing children the option to choose is the best we can offer (ie $ to support their dreams/education goals)