When it comes to retirement planning, you cannot ignore the Central Provident Fund (CPF). CPF is the default retirement solution for every Singaporean. Most people have some vague ideas about the system, but few people bother to dive deeper. A lot of people feel that since they have no authority over it, why bother?
As a result, myths about the CPF are easily formed and circulated.
How does the CPF board invest your money? How much interest do you receive for your CPF savings? Is the interest rate really guaranteed?These are commonly misunderstood topics. In this article, I will shed some lights so that you can make better decisions when it comes to utilizing your CPF for your retirement planning.
People are always irrational when it comes to money. Through my work to discuss retirement planning with many clients, I have witnessed the rapid change in people’s opinions
...
