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.
Today, 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 you go out and buy a pension.
A pension is usually a retirement payout paid by the company you worked for.
It is ......
Hey so i called CPF up and asked if its possible to be excluded from CPF life payout should i have a lifetime annuity/pension scheme that will support me in my retirement, and they told me that is not possible at all.
How are you guys able get around it, and where are yall getting the information from?
I wanna be excluded T.T
Apparently they stick to the guide provided to them and not FLEXIBLE to entertain any changes or problems faced by the public.