Answering Singaporean’s concern on CPF’s default Monthly payout age at 70. What could have been done better?
Is CPF still a reliable retirement plan?
If there is anything more complicated than Pythagoras’ theorem, it will be Singapore’s Central Provident Fund (CPF) system.
One can enjoy potential tax savings of $1,071, should he top up his SRS.
We discuss a controversial topic among most Singaporeans today. What does this term ‘Retirement’ really mean? We try our best to tear down what this glorified illustration beyond just the numbers.
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” The best home loans cost you 1.6%-1.7% per year, meaning using cash to repay your loans would “yield” you that much returns. However, to giving up a 2.5% risk-free return on your CPF account to save 1.6-1.7% on interest would only net 0.8%-0.9% of economics.”
In our Seedly Personal Finance Community, the topic of CPF has been a heavily debated one. Everyone has a different opinion on whether CPF is a good thing or a bad thing. However, the answer to this question isn’t that relevant for most people since making CPF contribution is an unchangeable fact of life for Singaporeans […]
A common working adult dilemma In our Seedly personal finance community discussion recently, we found that one of our avid members posted an article on his/her own experience behind hitting the magical number of $40k in the CPF SA (special account). We soon found out also that in the discussion, this seems to be a […]
All you need to know about CPF Life.