Everyone wants a comfortable retirement. Nobody wants to be old and still have to worry about their daily expenses. There are so many roads (or methods) leading to a final destination. I have been laying bricks and building "4 blocks" for my retirement. I wish it could be completed ASAP and maybe, just maybe, I will consider retiring at 45 and venture into a new experience.
Essential Building Blocks
- CPF
The Central Provident Fund (CPF) is a compulsory savings plan for Singaporeans and PRs. Since CPF is compulsory, it is definitely many Singaporeans primarily way to fund their retirement.
For me, the CPF Special Account (CPF-SA) is my essential building block that solely focus on building up the funds for old age. Leveraging the guaranteed interest rates of 4% per year, I hope to quickly meet the Minimum Sum (now known as Full Retirement Sum) and let the ......
