Insurance
Retirement funding for our parents: An idea.
By A Singaporean Stockmarket Investor (ASSI)  •  August 4, 2015
My blog, ASSI, is very fortunate to have guest bloggers and some readers who are willing to share their very thoughtful ideas generously. Their thoughts have made the many discussions on diverse topics in ASSI more engaging. Here, we have another example of what I am talking about: Hi AK.  My parents are 66 yrs old this yr. Dad is still working. Likely to retire by 70. He prefer to work till 70 than staying at home. My parents belong to the earlier cpf minimum sum scheme. (Last for 20yrs only) I am considering for them to join the cpf life. My parents saving is about $200k. Instead of keeping the cash in bank for their retirement usage, i am thinking of putting $200k into their RA. Advantages:  1. They able to earn interest 4% per annual.  2. They able to get payout for life under the cpf life scheme......
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By A Singaporean Stockmarket Investor (ASSI)
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