Asked by Anonymous

Do all self employed out there, would you contribute to your CPF or do your own retirement planning via investment? Looking at semi retirement age at 55?

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  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 22 Oct 2018

    I would recommended using CPF life first to help plan for retirement. After that, you may also want to consider annuities or etf.

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
    Top Contributor

    Top Contributor (Apr)

    Level 7. Grand Master
    Answered on 22 Oct 2018

    Self employed here. And I wouldn't use CPF as CPF Life is not flexible.

    There are annuities with a better yield than CPF Life with the added flexibility to start payouts earlier or cancel at a later age if you're done with the monthly payouts.

    And I'd rather invest as that's fully liquid as well. CPF top up is irreversible.

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