Most of our parents are not aware of the many CPF rules and are not making full use of CPF to help them in their retirement. In fact I have only started to learn and understand more about CPF a few years ago and in that journey, I have also started to monitor my Mom’s CPF account and slowly helping her to fully maximize its benefit. Below are some of the actions that I had or wished I had taken to help her maximize her CPF account.

Prepare them for Special Account (SA) shielding.

I had talked about SA shielding in my previous post but unfortunately, I didn’t managed to do this for my Mom since she was way past 55 when I started looking at her CPF account a few years ago. Also my mom was a full time homemaker and there was not much in her CPF account for SA shielding to make sense.