At what age do you think we should do our CPF nomination. And how important is it when it comes to retirement planning? - Seedly
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AMA 1M65

Anonymous

Asked on 07 Nov 2018

At what age do you think we should do our CPF nomination. And how important is it when it comes to retirement planning?

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Jason Sin

Jason Sin

Level 8. Wizard

Updated on 07 Jun 2019

We should do a CPF nomination now so that our money would go to only the intended people. We do not know what is going to happen in the future.

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Question Poster

30 Nov 2018

thanks for sharing :)
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
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Yixiong Chang

Yixiong Chang

Level 7. Grand Master

Answered on 14 Nov 2018

This will be part of estate planning (how to distribute your assets), rather than retirement planning. Although consideration can be given to estate planning during retirement planning.

Nominate now if you have the time. And again after u are married. (If divorced, nominate again) Then again when your children are of adulthood.

The nomination becomes void upon marriage and remarriage. Nomination is NOT voided upon divorce, so one might want to renominate unless they which to give their ex-spouse the money.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post