Asked by Anonymous

Practically, what should we be using our CPF for, other than for retirement? Or is this purely saving for when we stop working?

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  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 30 Nov 2018

    CPF is a tool for saving and building up our funds when we are young. However, it is a tool for retirement when we are 65 years old.

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  • Loo Cheng Chuan
    Loo Cheng Chuan, Founder at 1M65 Movement
    Level 6. Master
    Answered on 07 Nov 2018

    I feel that people need to have a mindset change that CPF is a retirement tool. For me, I think of CPF as a get-rich tool, hence it forms part of my portfolio to get rich and as a baseline for a financial safety net so that it help me to feel more secure and to balance my financial emotions for equity (read: riskier) investments

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    • Steph Yeo
      But you'll have to wait until you're old enough to take out money from cpf, so essentially you only enjoy the fruits of your labour when you're older?
      14 Nov 2018