CPF Optimization For Retirement

12/08/2022

If you have no plans to retire any time soon, it might be tempting to pay no mind to the money going into your CPF.

However, you could actually be missing out on thousands of extra dollars for your retirement if you settle for default contributions.

Read the article below to discover 6 simple ways to grow your CPF interest!

Maximise the savings in your CPF accounts with these simple tips to leverage attractive interest rates of up to 6% p.a.!

12/08/2022

Planning for retirement and looking for various in CPF Hacks? You are in luck! Here Are The 8 CPF Hacks To Get You Ahead!

Here are some tips to maximise your CPF for housing, healthcare and retirement to help you get ahead of the game!

11/08/2022

[Webinar Replay] Why you should maximise your CPF.

37% of your monthly salary goes into your CPF. Are the 2.5% returns from CPF sufficient for retirement? How should you leverage your CPF money to better plan for retirement?

Sin Ting, EndowusChief Client Officer, and Sheng Shi, Endowus Chief Personal Finance Lead will share:

-An introduction to the world of CPF
-Why "Pay Yourself First"?
-What we can do with CPF
-Strategies to maximising your CPF
-CPF priorities by age group

Get an introduction to what you can use CPF for and learn strategies on how to maximise your CPF at every stage of your life.

11/08/2022

In recent years, CPF has become an increasingly popular topic.

For starters, all of us need to understand the scheme as local employees contribute a significant portion of our salary to our CPF accounts each month.

Beyond mandatory contributions from our salary, we can also make voluntary cash top-ups to our CPF accounts.

To beef up our retirement nest egg, we can leverage on the Retirement Sum Topping Up (RSTU) Scheme – either by making cash top-ups or transferring our Ordinary Account (OA) balances into our Special Account (SA) or Retirement Account (RA).

Over the past three years, there has been a surge of more than 50% in the amount contributed via the RSTU Scheme.

Read the article to learn more about how the CPF scheme had been acting as a safe haven for many Singaporeans.

Amid rising volatility in the financial markets and depressed interest rate, CPF can be a good way to grow our retirement nest egg in a safe way.

11/08/2022

Retirement Cheat Sheet - CPF SA Shielding To Maximise Your CPF Account

Funding your retirement is all about having enough in your Central Provident Fund (CPF) account. One way to make sure you have enough is through CPF Special Account (SA) Shielding — a low-risk trick guaranteed to grow your nest egg.

Learn why you should shield your SA from the article below!

What is CPF SA Shielding? It is a simple, low-risk hack that will change how you spend your retirement years completely.

10/08/2022

For most of us, our Central Provident Fund (CPF) is an important foundation of our retirement plan.

Not only do CPF accounts offer risk-free attractive interest rates, the schemes provide predictable cash payouts during our golden years.

It is prudent to periodically take stock of our CPF savings and consider options to grow and optimise them.

Some alternatives include performing top-ups to our accounts and that of our loved ones. The earlier we do these top-ups, the faster our savings can be compounded to secure our retirement and we do not risk forgetting to act before the year-end deadline.

Here's an article by DBS on 6 ways to optimise your CPF for retirement.