[Cmpunk]

Anyone when reaches 55 what is the plan to allocate your CPF

[ODA TETSURO]

Continue to work, what retirement? PAP gov said one...

[[[ForeverAlone]]]

PAP say Elderly in SG LOVE TO WORK TILL 70

[K88 shu shu]

55 also can't touch the CPF, what talking you ?

[ysh02]

55 also can't touch the CPF, what talking you ?

Can, if you set aside your basic,scheme and medic safe enough...remaining money can take out...else only $5000 lah...

[K88 shu shu]

Can, if you set aside your basic,scheme and medic safe enough...remaining money can take out...else only $5000 lah...

$5000 can piak how many $200 atb or $300 kimchi syt ?

[Cmpunk]

I mean when reach 55 CPF will move your money to retirement account how one plan?

[debono]

PAP say Elderly in SG LOVE TO WORK TILL 70

The PAP gov. is raising the retirement age to 65, and then 67 and then 70................

[p1acebo]

$5000 can piak how many $200 atb or $300 kimchi syt ?

piak those $50 huans lah.  Afterall a hole is just a hole.  Better yet, try the third hand Kim.  Divorced twice pruss with kid in tow, sure cheaperer

[RiseofAsia]

Not work until die meh? 

[p1acebo]

Anyone when reaches 55 what is the plan to allocate your CPF

Just go for FRS.  Never ERS.  Because all your huge monies when put in CPF Life at 65 you will not get even a single cent of interest.

[TalkingRabbit]

The PAP gov. is raising the retirement age to 65, and then 67 and then 70................

i'm looking forward to my retirement...give me another 3-5 years

[RiseofAsia]

Song Boh! Dont laugh!

https://www.humanresourcesonline.net/abo...s-for-life

[debono]

i'm looking forward to my retirement...give me another 3-5 years

By then how old will you be........................?

[sgbuffett]

Song Boh! Dont laugh!

https://www.humanresourcesonline.net/abo...s-for-life

$800 dollar for life ..
Never change ..

But hokkien mee go up from $3 to $5 .
Then $7
PAP is only govt that does not adjust pension payout for inflation


This will kill many later.

[TalkingRabbit]

By then how old will you be........................?

when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change   
and i told them that i can choose to retire now.......

[sgh]

when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change   
and i told them that i can choose to retire now.......

Retire now? Got parents or child to feed? Got car ? House pay finish?

[TalkingRabbit]

Retire now? Got parents or child to feed? Got car ? House pay finish?

i'm not dreaming 

[debono]

Retire now? Got parents or child to feed? Got car ? House pay finish?

You are being very pragmatic to ask those questions...............

[ROFLMAO]

when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change   
and i told them that i can choose to retire now.......

Awesome...but if you re around 50+ , your friends will be sceptical

[ysh02]

Gov every yr. give out vouchers,tpt fee,cash money and many goodies packages so can retire already...

[RiseofAsia]

when i shared my retirement plan with friends recently, i was full of excitement....
traveling around the world and living a carefree life....
but some friends commented that there are still many years to come...things will change   
and i told them that i can choose to retire now.......

I also can retire now. But I also dare not do it as I have no confident with the current team. They have mismanage the economy badly.
Artificial growth won’t sustain at all.
We follow US footstep. What happen to the US in the past, will be what happen to us later. When SGD starts to depreciate is the time we are in serious trouble.

[debono]

Gov every yr. give out vouchers,tpt fee,cash money and many goodies packages so can retire already...

Honestly it is not enough to sustain us, cos with inflation, the rise of goods and services, that money will run out before the end of the month............

[AdamZuN]

It's great that you're thinking ahead and planning for your retirement in advance. As for me, I'm still a bit away from 55, but early retirement is definitely a goal of mine.

[Samueljecket]

It's great that you're thinking ahead and planning for your retirement in advance. As for me, I'm still a bit away from 55, but early retirement is definitely a goal of mine. When it comes to allocating my CPF, I plan to diversify my investments and not put all my eggs in one basket. I'll definitely be looking into using retirement calculators to see how much I'll need to save up to achieve my goals. Of course, it's always good to consult with financial experts to make sure I'm on the right track. Do you have any specific plans for your CPF allocation?

[ysh02]

But govt wants us work till longer age...

[debono]

But govt wants us work till longer age...

Our gov. wants us to be financially independent when we  retire, that is why they keep on increasing our retirement age................from age 62 to age 65 and thence to age 67.......

[matildashapes]

Planning how to allocate your CPF at 55 is a smart move. You might want to consider diversifying your assets, including stocks, bonds, and real estate. Also, if you're looking for retirement savings options, you can explore strategies like how to backdoor Roth IRA. It's essential to have a balanced approach that aligns with your financial goals and risk tolerance. Making informed decisions can help secure your financial future.

[Tee tiong huat]

Special and MediSave Account (SMA) pegged rate exceeding the floor rate of 4 per cent, Central Provident Fund (CPF) members’ savings in the SMA will earn 4.08 per cent from Jan 1, 2024, to Mar 31, 2024.

Likewise, savings in the Retirement Account (RA) will earn the same interest rate over this period, as the RA interest rate peg is aligned to that of the SMA. The RA interest rate peg will be computed quarterly instead of annually from Jan 1, 2024.

The Ordinary Account (OA) interest rate will remain unchanged at 2.5 per cent, as the pegged OA rate remains below the floor rate of 2.5 per cent.
https://www.businesstimes.com.sg/singapo...raised-408

[surfer]

Didn’t touch or withdraw from my CPF when I reached 55.