Anonymous

28 Jul 2020

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Would it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement?

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Chuan lee

27 Jul 2020

Since you are planning for retirement, I would actually go for CPF SA and try to hit enhanced retirement sum. Please do read up on basic/full/enhanced retirement sum in CPF website. Is quite a good plan overall with the reliability of government.

However, if you put into CPF, the money will not be flexible anymore and the fastest you can withdraw is by 55.

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Is it a better for us to get an endowment that provides a lump sum maturity or a retirement plan that provides stream of income for a number of years? Which would be more effective in terms of return?

Should I first (1) top-up my CPF SA, or (2) invest in ETFs, or (3) purchase a retirement income insurance? I am in my 40s and thinking of setting aside $200pm to start retirement planning.?

My current main investment mode is monthly investment plan in STI ETF. Topping up CPF SA seems likes an attractive option at 4% p.a. and tax relief. Is there ever a possibility of losing CPF money?

When is best time to buy annuities for retirement income? At young age (<40), it is better to invest for higher gains. Is it better to do it around age 45 as guaranteed return is only about 2.5%?

I won't get any CPF contributions in my pay, how can I properly invest my first salary to equal or better the returns of CPF in order to pay for a house, have more passive income and retire in future?