How to work your CPF savings harder to fight inflation
Withdrawing CPF savings to indulge is alluring. But many of us should be financially prudent as we could live to ripe old ages
I TURN 55 soon. Fortunately, 55 is not the retirement age in Singapore.
Currently, I am happy writing and podcasting, as well as doing ad-hoc projects. I hope to be gainfully employed for many more years.
Still, turning 55 marks a milestone when it comes to one’s Central Provident Fund (CPF) savings. Upon turning 55, you set up your Retirement Account (RA), which is funded by savings from the Special Account (SA) and Ordinary Account (OA).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Why higher Fed rates are not totally off the table
Bordeaux en primeur report: Which 2023 vintage wines should you buy?
Preschools no child’s play as more investors join playground
Community-centred approaches are key to a just energy transition
Argentina’s inflation paradoxes
Building Singapore’s next-gen advanced manufacturing facility