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Anonymous

18 Apr 2019

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What is your opinion on CPF LIFE and how can we leverage that to plan for retirement?

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Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

While it is a good plan, I think that CPF LIFE provides too little as the cost of living in Singapore is too high. One should just regard CPF LIFE as a baseline for a retirement target, and work towards 1M65 so that your retirement life can be worry-free. Even if you are unable to hit 1M65, hitting 500k at 65 years old will also help greatly.
I feel that our Government has done their best given the constraints of the FRS that we can put into the retirement account . WE have to help ourselves and work towards a great wealthy retirement.

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Hi, planning for retirement at 55, invest for income from 55 - 65 yo before CPF Life payout & top-up CPF to ERS. Have some questions about possible investments?

Can I fully withdraw my CPF and opt-out of CPF life without an annuity plan by age 65, or whatever the new retirement age is?

In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

What are the advantages of purchasing a retirement plan vs. just relying on CPF LIFE with “guaranteed” returns?

Hi all, need your opinion. I'm 56 yrs old, is $1,500 enough if I retire now for the next 9 yrs till I received my CPF Life? My house is fully paid for. Utility bills are all paid by my son.

Related Posts

Hi, planning for retirement at 55, invest for income from 55 - 65 yo before CPF Life payout & top-up CPF to ERS. Have some questions about possible investments?

Can I fully withdraw my CPF and opt-out of CPF life without an annuity plan by age 65, or whatever the new retirement age is?

In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

What are the advantages of purchasing a retirement plan vs. just relying on CPF LIFE with “guaranteed” returns?

Hi all, need your opinion. I'm 56 yrs old, is $1,500 enough if I retire now for the next 9 yrs till I received my CPF Life? My house is fully paid for. Utility bills are all paid by my son.

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