[p1acebo]

After digesting the various inputs from here and from friends, and tonnes of articles... I have come to this conclusion.

1. The way to go is FRS, not BRS because I don't like to pledge anything to chenghu, and also unless you really can guarantee your drawn out monies work even harder for you and earn you more than 2.5% or 4% plus totally risk free (all investments will carry risk, and even more so especially if already lau kok kok aged 55yrs and above).

2. There is no need to top up your RA amount to ERS to enjoy a better payout from age 65yrs (remember to take it out at 65yrs else the default age for drawdown is 70yrs). Because even if you leave your monies in SA, it will also earn 4% same as RA 4%. But the difference is there is flexibility in your SA account. It is still YOUR own money and you can withdraw it anytime. In the RA it is locked up from 55yrs onwards to 65 where it will then transit to CPFLife. At 65yrs, where CPFLife starts, your interests on the entire amount commited go to the common pool. It is NOT your money anymore.

3. ERS is only worth it if you can live longer than 85yrs old. Can you guarantee you will live that long?

Feel free to give your comments and opinions.