The CPF Board’s Annual Report for 2020 (Part 1 and Part 2) aroused quite a bit of interest around how much some members had in their CPF accounts, and how many of these lucky members there were. But for financing our retirement, the accompanying news article noted that more than 63% of the active CPF members who turned 55 in 2020 were able to put aside the Full Retirement Sum (or Basic Retirement Sum plus a property pledge). This is well up from just a few years back in 2016 when only 53% were able to do so. If saving the amounts needed for a basic retirement will no longer be an issue, the question now is: which is the best retirement option out of the 3 offered under CPF LIFE? In short, is the CPF LIFE Escalating Plan the best plan?

As we may take some time (and text!) to cover our points, here’s an outline of what we will discuss: