Everyone has a goal of retiring comfortably after working more than half their lives out for money.
We all hope to get a lump sum retirement fund when we reach our retirement age.
But, in Singapore, our money is instead secured away and we are given a monthly income from that pool of money.
Although we still think the CPF is a pretty solid retirement scheme, not everyone agrees to this.
So if you think you are better off with the full sum of CPF money in your pocket, we will be sharing how you can get that pool of money out of your CPF!
There are 2 ways to do this:
1) Buy a Life Annuity Plan
We talked about what an annuity plan is and how it can help you withdraw your retirement sum from the CPF.
You can find the post here: How to Escape Retirement Sum?
2) Own a Pension
By owning we do not mean