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Anonymous

Edited 08 Sep 2021

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What can I do with 40k? Should I cash out my NTUC foundation policy of 40k?

My dad bought for me an endowment policy since my birth and I am now 30. It has since accumulated about 40k cash value. Should I cash out and put it into vehicles that can help me generate more growth or should I continue paying till age of maturity which is 55. The annual growth per annum is only about 1-2%.

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CH

08 Sep 2021

Depends whether surrender value has broke even. if not yet break even, i will calculate whether am I able to generate a returns to not only break even but also to at least match the projected maturity value at 55.

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rogersk

08 Sep 2021

My dad did something similar for me. I withdrew to get better gains.

Imo 1-2% is peanuts. Even simple investing via robos can earn that easily.

Just my 2cents worth. You do you.

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