ocs_woodlands
Supremacy Member
- Joined
- Feb 2, 2011
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The premise of the above thought is that CPF Life is "the best annuity in the SG market".
If the above is true, one would want to leave the RA funds with CPF as long as possible BEFORE triggering CPF Life payouts, right? Currently the maximum age to trigger the CPF Life payouts is 70.
But if a person wants to retire at 60, then how?
I thought about it and was looking through NTUC's Sail plan.
My thought is, if I take up a private annuity (which I shall assume as the next best annuity in the SG market) and schedule the payout start age at 60, will I then be ,maximising the financial returns of the CPF LIfe scheme?
Basically as follows:
Age: 44
Buy lump sum pte annuity
Age 60
Pte annuity starts payout
Probable retirement age
Age 70
CPF LIfe starts payout
Age 80
Pte annuity stops payout (after 20 years)
> Age 80
CPF Life continues till death...
Does it make sense?
If the above is true, one would want to leave the RA funds with CPF as long as possible BEFORE triggering CPF Life payouts, right? Currently the maximum age to trigger the CPF Life payouts is 70.
But if a person wants to retire at 60, then how?
I thought about it and was looking through NTUC's Sail plan.
My thought is, if I take up a private annuity (which I shall assume as the next best annuity in the SG market) and schedule the payout start age at 60, will I then be ,maximising the financial returns of the CPF LIfe scheme?
Basically as follows:
Age: 44
Buy lump sum pte annuity
Age 60
Pte annuity starts payout
Probable retirement age
Age 70
CPF LIfe starts payout
Age 80
Pte annuity stops payout (after 20 years)
> Age 80
CPF Life continues till death...
Does it make sense?
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