Photo credit: Matt Bennett/Unsplash Several months ago, I wrote an article about my mum reaching the CPF withdrawal age of 65. As with any Central Provident Board (‘CPF’) topic, it generated plenty of interest amongst my readers. In fact, I received plenty of messages (both private and public) and I attribute this phenomenon to 2 key reasons – (1) I advised my mum on the wrong decision with her CPF LIFE and (2) CPF withdrawal age is the cornerstone of every CPF member’s interest. While I was inundated with these messages, I also realised that some of these were simply misconceptions of CPF LIFE. Therefore, I decided to write a new blog post dedicated to dispelling some of the common misconceptions of CPF LIFE. WHAT IS CPF LIFE? The LIFE in CPF LIFE stands for Lifelong Income For The Elderly. This is a national longevity insurance annuity scheme that provides CPF members with monthly payouts for as...