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?

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CarmenTaylor

8d ago

It is better to prioritize safety and reduce risks, for example, investing in stable assets and avoiding large bets with lost money.

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Ellena

16 Aug 2025

Your SRS is in SGD ya? So buying into Mag 7 is in USD yeah. So you need to take into consideration the exchange rate too? Hmmm. Some people take it buying into Mag7 as a long term investment. So I wonder how much time r you going to leave your money in SRS before withdrawing?

I'm also curious 🧐 what's your investment that causes it to lose ya... I thought usually the products to invest using SRS or CPF are generally quite safe.

I also agree with one of the comments below -- sometimes holding doesn't mean is the right choice. Cutting loses can also be a strategy.

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jame jor

Edited 20 May 2025

Interesting situation! Seeing folks discuss SRS investments and risk tolerance. At 62, maybe safer options are the way to go. Hope the original poster finds a good strategy! https://internetroadtrip.net/

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I.L.

01 Mar 2025

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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Jinsha

28 Feb 2025

Not sure myself...

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