Anonymous

18 Apr 2019

∙

Is it practical to put in so much money into CPF at such a young age, as they can't be taken out until retirement age for the most part?

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Loo Cheng Chuan

06 Nov 2018

Founder at 1M65 Movement

This might sounds surprising to you: it is precisely the illiquidity of the CPF schemes that make it good. Many young aspiring investors didn’t realise that it is precisely the ease of buying, selling and withdrawals of other liquid investment that cause you to underperform financially. Solid Long term investors would buy good assets and hold them for very Long term. And the more illiquid an asset is, the more possible it is to harness the power of compounding to snowball your wealth.
It takes guts and conviction, but .... hey, I did it. So can you!

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Teo See Hwa

05 Nov 2018

MArketing Associate at Propnex

Use your CPF to leverage when you are young.

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Brandan Chen

05 Nov 2018

Financial Planner at Manulife Singapore

Yi Xiong gave a great answer.

Retirement is like climbing a flight of stairs, it is much easier in...

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Related Posts

Hi, if I were to put my money into my mom’s CPF OA at 2.5% interest, when my mom is at the retirement age, can she withdraw the money with no cap?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

What is the best way to earn the most out of putting money into CPF? Should we even put into CPF or start looking for alternatives such as insurance plans for retirement?

To Chris: Considering that u have retired at such a young age, could u share more on the range of retirement funds u had at age 39? How much of the amount was distributed among the various asset classes?

Am turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing?