Hi AK,
I have an idea to bounce off you. Just chit chat. I know you don't give advice.
I am 54 and just became a father. I married rather late in life.
As a father, I am thinking about my child's future. I am well aware that by the time he is 21, I would be 75 if I am still alive by then.
Next year, I will be able to withdraw more than $100K from my CPF account as I have already met the minimum sum for my age. I am thinking of putting the money into my child's CPF SA instead of leaving it in my OA.
I could top it up to $166K and do a one time top up to his CPF SA and, compounding at 4% a year, he will have a retirement nest egg of more than $1.4 million when he turns 55. I won't be here for most of ......