Asked on 27 Jun 2020
Hi. I am 45 years old, and looking to retire at 55. I have no debt, and have emergency funds for 6 months. I have $300k cash, of which $100k is in SSB with an effective interest of 2.58% and 2.78% for 50k each, if held for 10 years. What should i do with the remaining $200k? They are now in FD. Thanks!
Never annuity! Since u r cash- rich :
has 2 bonds, namely the S$150m METRO 4.000% 25Oct2021Corp (SGD) and S$200m METRO 4.300% 02Apr2024 Corp (SGD). At the indicative ask prices of 100.19 and 99.13, they carry ask yields to maturity (“YTM”) of 2.98% and 4.56% respectively.
u definitely can cough out 250K!
1 more comments
Looks like you can consider annuities since this type of product needs a single premium. Good to con...
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