- At what age do you break even?
- What do the 5 years of waiting actually cost — and does it matter where the money comes from?
- Who should not defer?
Okay so when I wrote about which pot to drain first in retirement, I said that deferring CPF LIFE deserved its own article — and quite a few of you took me up on it.
So here it is.
CPF’s own example is a member with S$220,400 in his Retirement Account on the Standard Plan: S$1,780 a month if he starts at 65, or S$2,380 a month if he waits until 70.
S$600 a month more, for life, for waiting 5 years.
The catch is that those 5 years cost you 60 payouts of S$1,780 — about S$107,000 that has to come out of your own pocket instead.
So 3 questions:
