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Anonymous

24 Feb 2025

Retirement

SRS

I’m already at retirement age—62, turning 63 soon—but have chosen to continue working until I begin my CPF drawdown in two years.

I opened an SRS account years ago primarily for tax savings. However, my investments within the SRS have not performed well, and the account is currently at a significant loss. My initial plan was to withdraw the funds gradually over 10 years to minimize taxes after I stopped working. That said, I find it difficult to proceed while the account remains in the red—I’d prefer to recover some losses before withdrawing.

I came across a write-up on investing in Mag 7 and wondered if that could be a viable approach, particularly using the funds within my SRS. What strategies should I desperately adopt in my current situation?

Discussion (11)

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This is a great information, thank you very much. Hope you will visit this slope games

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Paola gomez

Edited 25 Mar 2025

Investment at Capital trade

Well you should change your investment company and look for a more stable and convenient company like capital trade and you do a 50% investment to earn daily and with time you can increase to monthly or yearly

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At your age, you really might want to stay away from high risk equities due to your time horizon. Invest in the safer assets like SSB, T bills, short term fixed deposit.

#Not proper financial advice.

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