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? - Seedly

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Asked by Anonymous

Asked on 22 Oct 2018

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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Good Day Every Day
Good Day Every Day
Level 6. Master
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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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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