Thursday, 22 December 2016
Read? Turning 55 - and enjoying financial freedom (5)
One year has passed so fast!
To confirm below understanding in Dec 2016
For retirees thinking of using their CPF to build fixed income annuity; the best time to withdraw all these interests from SA, OA and MA is at first two weeks in every December after 5th December when interests for November has been credited. You will have 11 months of interests to withdraw. That is max and leaving interests for Dec to become principal in the following year. We will have perceptual fixed income annuities for life with our principal intact for beneficiaries. Good? Right?
Uncle8888 today went to CPF Branch to apply for withdrawal of interests in CPF SA and CPF OA from Jan to Nov 2017 ......