I am paying my house loan with CPF currently and looking to change.
Not being investment savvy, i'm looking to put money into CPF for stable growth.
I have set aside enough money for emergency funds n dailys so no worries on that.
Should I pay the loan in cash instead so there are more money in OA, or, should i pay with OA, and later do a VC so that the money can spread out to MA and SA which have higher interest?
Understand at 55 yo, will be able to draw out after setting aside Life amount.
It's a personal choice rather than right or wrong.
It depends on what you are going to do with your money if you use your CPF OA to pay. For myself, I will much rather use CPF OA and invest my spare cash as I'm confident I can generate much more returns than the CPF OA interest.
Thewokesalaryman wrote a post on this, check it out!
If you don;t want to consider other options, then yes, use the CPF but always understand...
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