facebookSRS - Seedly

Advertisement

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)

What are your thoughts?

Learn how to style your text

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

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

View 2 replies

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.

Write your thoughts

Advertisement