Is it a good option to extend elderly CPF Life to Age 70, if this elderly did not hit the basic retirement sum?

1.top up for her if you can

2.delay the payout till 70 likely earn 7% per annual for the 5 years delayed. However if you need money, no point delay.

This is what i understand 1) she will, just that it will be lesser. 2) i think so, 3) yes the amt will be able to earn more interest and get a bigger payout at age 70

My comment got flagged as spam? haha. like how?

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You’ll be automatically included in CPF LIFE if you’re: - A Singapore Citizen or Permanent Resident; - Born in 1958 or after; and - Have at least $60,000 in your retirement savings when you start your monthly payouts. She will still be in CPF life if she has at least $60k inside. 1) If she did not hit the basic retirement sum next year will she still receive payout from CPF Life? Depends if she has $60K, to join CPF life can be any amount I think, kindly check with CPF board. 2) If yes to question 1, will she be able to choose the plans (basic, standard and escalate) to payout? Yes she can chose 3) If she will to choose to push back the CPF Life payout at age 70 y/o, will it be benefited her? Since she unable to hit the basic retirement sum at age 65 y/o? Yes, better as she will be able to accumulate more interest over the extra 5 years. I am assuming she has a low CPF balance of below $100K so she may be eligible to enjoy the 1 for 1 top up called MRSS. Can consider to top up for her for her to have more retirement funds for her retirement.

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Here you go again.

You may top up her CPF RA and the governent will match dollar for dollar - the cap used to be $600 per year but from year 2025, the cap for governmrnt matching is raised to $2000 per year (up to a max over 10 years of $20,000) as long as BRS is not reached. Once BRS is reached, dollar for dollar matching by government will stop ...