We have worked for about 2-3 years and CPF balance is about 30-50k currently.
I have received advice from different people on this. I am actually quite confused with so many choices.
This was taken from a letter B wrote to me recently:
My wife and I recently got married and will be receiving the keys to our new home (BTO) soon. We have indicated to take up HDB loan and I know that on the point when we receive our place, both our CPF will be wiped out completely for the house.
My reply:
Hi B,
Do you know why there are so many suggestions? Because people with different circumstances, beliefs and risk appetites will do different things. ;)
So, it is important to know yourself. What is comfortable for you? Have a discussion with your wife and weigh the costs and benefits of all the suggestions and decide ...
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