Anonymous

18 Apr 2019

∙

What is your opinion on CPF LIFE and how can we leverage that to plan for retirement?

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Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

While it is a good plan, I think that CPF LIFE provides too little as the cost of living in Singapore is too high. One should just regard CPF LIFE as a baseline for a retirement target, and work towards 1M65 so that your retirement life can be worry-free. Even if you are unable to hit 1M65, hitting 500k at 65 years old will also help greatly.
I feel that our Government has done their best given the constraints of the FRS that we can put into the retirement account . WE have to help ourselves and work towards a great wealthy retirement.

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Hi, planning for retirement at 55, invest for income from 55 - 65 yo before CPF Life payout & top-up CPF to ERS. Have some questions about possible investments?

Can I fully withdraw my CPF and opt-out of CPF life without an annuity plan by age 65, or whatever the new retirement age is?

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What are the advantages of purchasing a retirement plan vs. just relying on CPF LIFE with “guaranteed” returns?

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Related Posts

Hi, planning for retirement at 55, invest for income from 55 - 65 yo before CPF Life payout & top-up CPF to ERS. Have some questions about possible investments?

Can I fully withdraw my CPF and opt-out of CPF life without an annuity plan by age 65, or whatever the new retirement age is?

In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

What are the advantages of purchasing a retirement plan vs. just relying on CPF LIFE with “guaranteed” returns?

Hi all, need your opinion. I'm 56 yrs old, is $1,500 enough if I retire now for the next 9 yrs till I received my CPF Life? My house is fully paid for. Utility bills are all paid by my son.