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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 (8)

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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

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.

Investing your CPF savings can be a great way to grow your retirement funds, but it’s important to balance risk and potential returns. This article breaks down the key considerations and options available. Worth a read!

@ slope game I find some info here....

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