Anonymous
What is your advice for retirement plannng? ERS or just FRS?
Puttng aside your position with CPF and on a neutral platform, shd i be better off FRS and invest the rest, given the possiblity of a larger amt locked in for a longer period with ERS? Single and average life expectancy as 82 for male.
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Hariz Arthur Maloy
07 Jun 2019
Independent Financial Advisor at Promiseland Independent
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Bang Hong
06 Jun 2019
Sustainable Spender Specialist at Spender Bang
Just FRS.
For myself I know where to put monies for stable returns of 6-7% / year. I will hit FRS before 55 years old (Without factoring in OA at all) because I contribute $7k to CPF-SA yearly for the tax rebate.
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ERS if you can, why not?
You will earn a guaranteed interest rate of 4%. Topping up your special ...
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If you're single with no dependents, I'd go for ERS on an escalating plan.
Headache free, passive income for life, adjusted for inflation, plus I'm not worried about leaving money behind for family.