CPF has so many rules. He got it wrong in his first video.
The subtle reason is if you do retirement sum topup you will lose out when you try to do shielding.
Important point that many don't know.
Different people have different priorities at different stages of our lives..
No 1 size fits all.
For mid , old age, the more u in RA have, , the better for yr long retirement health ridden life, $$$ is never enuf...no $$$, no friends, no honey, loved ones n even ghosts will avoid u
(09-04-2022, 01:19 PM)Yin yang Wrote: [ -> ]Different people have different priorities at different stages of our lives..
No 1 size fits all.
For mid , old age, the more u in RA have, , the better for yr long retirement health ridden life, $$$ is never enuf...no $$$, no friends, no honey, loved ones n even ghosts will avoid u
What you say is true but he is just pointing out the pros and cons of doing topups ...pitfalls that people may miss in long term.
Once you are over 55 and and has open RA, then u cannot top-up your SA anymore.
why max up SA via OA transfer so early in life when can top up SA with tax relief when you are earning much more in your working life from 30s onwards :-(
I want to withdraw everything Out ..and into my bank.