[GIVEAWAY] What is your retirement safety net strategy? How are you currently using your CPF?

Using OA for mortgage repayment.

In view of this, I set aside a 40% buffer of my OA (about 2 years worth; in case of unemployment) for the monthly deduction and then I plan to use Endowus to invest the remaining 60%, so as to ensure I "earned" some back into OA. CPFIS application in progress.

I'm not a high earner, so I don't contribute to SA to offset tax.

• Bgt BTO 2 Room instead of a bigger resale unit. will opt for monthly cash payments once keys received.
• Transfered OA to SA and achieved the FRS at age 37. MA maxed out. Achieved SA FRS early to have a peace of mind ensuring that at 55 & 65, minimally I am able to substain myself with basic daily living cost. Balance of OA, will be invested for higher returns.
• transfered OA into Father's RA acct so as to minimise cash outflow from my own pocket, (unless needed). Thus, taking care of his monthly post-retirement daily living
• invested balance of OA lump sum + monthly DCA top up long term for better returns
• monthly cash invested into ILP(purely for investment, no TL/CI element) with insurer + stashaway (for instant liquidity if needed) + cryptocurrencies.
• monthly cash savings for rainy days
• covered standalone TL & CI (covers both early & major stage conditions)
• covered for PMI, disability provider & PA (w/ medical reimbursements)

In case you missed our SeedlyTV LIVE S2E08, you can catch it on replay here:

https://seedly.sg/questions/topic/seedlytv-s2e08

Answer this week's question and stand a chance to win a meal for 2 from The Refinery!

The Refinery serves delicious grain bowls, snacks and coffee. They are currently offering free islandwide delivery for orders above $50 and a flat rate delivery fee of $6 is chargeable for orders under $50.

Some of their popular dishes include The Refinery Truffle Gyudon, Salmon Poke Bowls, Salted Egg Yolk Onion Rings, Chicken Nuggets along with the trending Curry Sauce. They also serve freshly brew coffee, matcha latte and botanical cold brew teas!!

Just to add context, I am currently 28, single with no commitments. Being single there is currently no need for my OA (eg. BTO) for now, hence will deploy my OA into investments blue chips dividend stocks eg. DBS etc but definitely not REITS reason being REITS may do rights issue and with CPF as mode of payment, you may not be able to subscribe and will be massively diluted. Mr Loo recommendation of S&P 500 through endowus appears attractive as well and will probably have a mixture of both.

These OA will be invested while I continue to work and to rebuild my OA, the rebuilt portion will probably not be touched as its meant for BTO. When BTO time comes hopefully, the rebuilt portion hopefully will be sufficient for downpayment etc with the option of liquidating the invested portion. Since I started now during a downturn in the economy, 3 to 5 years later when BTO-ing markets should have recovered and there should be decent capital gains. I will try to as much as possible to never allow OA to fall below 20K as the 3.5% risk free is very attractive to me. This can also serve as emergency buffer for monthly repayments for housing.

Cash top up for CPF to be review yearly but will probably executed only if can achieve sizable savings or drop in the tax table tier. OA to MA transfer should be done carefully taking into considerations such as future kids university fees or housing repayment needs. Anything in excess can be transferred but probably in bite size to make it more palatable.

Finally, when close to retirement age to implement the SA shielding strategy. ​​​