18-07-2022, 03:07 PM
(18-07-2022, 03:02 PM)FartSunKing Wrote: 5 years ago when I turned 55
I made sure I have ERS in my RA account
I already said 5 years ago
I will select BASIC CPF Life plan when I reached 65
For maximum bequest to my wife and 3 kids
Who will all have equal 25% share of my CPF savings
Which I will try my best to maintain at $1M
Throughout the rest of my life
Song boh?
ERS is suboptimal.
Basic is correct choice.
You should have chosen BRS and kept the rest jn CPF SA to earn 4%. Because the Internal rate of return of cpf life is lower than 4%.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.