How to Escape the Retirement Sum?

By Investment Stab • September 2, 2015

Today's post is on how to avoid the Retirement/Minimum sum in your CPF when you reach age 55.

LINKS:
3 Types of CPF Retirement Sums
Disadvantages of Private Annuity Fund
CPF Life VS Annuity Fund
What is an Annuity Plan/Fund?
What is CPF LIFE?

There are currently 2 ways to avoid having to set aside a minimum sum.
Today, we will be sharing about one of it: Buy a Life Annuity Plan

Buy a Life Annuity Plan.
A life annuity plan is an insurance plan that is set to pay you a fixed amount of money each month/year in the future (usually when you retire) for as long as you live.

Buying an Annuity Plan
1) Buy an annuity insurance plan using your own cash (out of your pocket)
2) Buy an annuity insurance plan via the CPF Investment Scheme - using your CPF money.

Avoiding Retirement Sum
1) You ...

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By Investment Stab

We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...

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