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?

Discussion (3)

What are your thoughts?

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?

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