Asked on 11 Mar 2020
This sounds like quite a viable plan to me, why isn't this being considered as a portfolio?
HI Kwong Lok,
Thank you for your question. We can definitely add a feature where we allow our clients sell down their investments in a systematic manner, like a monthly sell down, such that they get a fixed amount on a monthly basis.
Just to clarify, as an advisor, we are investing your money, and not pooling money from CPF momembers and trying to project a monthly payout, which is CPF Life, an annuity product. An annuity product, and a decumulation feature on out platform, is very diferent, even though we get a monthly payout somewhat. Hope this helps!
You can try annuity. Put in X amount for X years and get Y amount for Y years. got guaranteed and non guaranteed projections also. If you can u can staggered different plans so can enjoy constant payout.