Asked by Anonymous

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?

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  • Charmaine Ng
    Charmaine Ng, The Code Breaker at @ Every Chye Peng Stall.
    Level 5. Genius
    Answered on 02 Mar 2019

    Anything but investment linked plans. I believe in transferring funds from OA to SA to maximize the earnings and the interest rates is quite good compared to banks outside unless you're good with investments (I'm still learning!) Also you can consider passive income generations. There are some retirement plans which our fellow forumers who are in the industry may be able to help!

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Top Contributor

    Top Contributor (Mar)

    Level 6. Master
    Answered on 02 Mar 2019

    Do not rely on cpf solely for retirement. It is always good to have alternatives. You can also learn how to invest yourself. After u grow ur wealth, you can use dividends for your retirement.

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