What a historic day! What a landmark Budget! I'm focusing on one significant CPF policy change: to make everybody's CPF Special Account disappear after age 55. The first effect is that CPF Shielding will no longer work, so folks trying to juice an extra 1.5% from retirement savings can no longer get assistance from a financial advisor. The second effect is that the compounding effect of 4% in the CPF-SA will render some of the 1M65 strategy useless. You can refer to some of my previous posts and judge whether my articles are prescient on such matters.

• CPF Shielding
• Critique of 1M65

A more detailed treatment of the available financial mitigations for someone over 55 years old will be posted on the Dr Wealth blog later, I just want to share some random thoughts on these changes.

1. a) What is the political cost of making CPF-SA vanish at age 55

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