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Anonymous

27 Nov 2022

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Is there any guaranteed return retirement plan with monthly payout after 50 years of age for 25 years?

Payment of every month for 10/15/20 years then payout monthly from 50 years of age till 75 on a fixed basis with guaranteed returns? Which is the best in market? Should be a well established company like AIA or Prudential and not a new bee to market since there are chances of bankrupt.

AIA Guaranteed Protect Plus (II) Special Endowment Plan Income IncomeShield Integrated Shield Plan

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Ryan Yap

Edited 08 Dec 2022

Retirement Specialist at AIA

You can try AIA Retirement Saver (IV), which is 100% capital guaranteed from age 50 onwards, but it will only pay out for 15 or 20 years. so slightly short of the 75 you are talking about.

or alternatively, because of rising life expectancy (average life expectancy in Singapore is currently 85), you may want to also consider getting a plan which pays out lifetime income instead (AIA's Smart Wealth Builder pays until age 125).

Of course, you should also max out your CPF Life first. But perhaps your concern is that you wish to retire earlier(at age 50). In that case, CPF Life is limited in the sense that you will only receive payouts from 65 onwards. So in that case, you can consider AIA Retiremenr Saver (IV)

If you want more details on the retirement products, do feel free to contact me directly!!

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Cuthbert Yeo

01 Dec 2022

CPF

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1M45

Edited 28 Nov 2022

The only guaranteed are CPF, SSB, T-bill. Those that backed by singapore goverment. Try max those ...

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