CPF Board - What happens when you turn 55? What is CPF LIFE? Which CPF LIFE plan is best for you?

semiret

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I only knows that for Single or BBFA always goes for Standard CPF life payout. As you wants to get as much as possible you able to withdraw the money. Nobody will able to tell how long you're able to survive. On top of that you got no kids to handover your balance after your death. Just my thought.
 

chiokcc

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Pofma TS. It is not by CPF. Not sure how come it is posted by CPF. Jiabao is a YouTuber who always talk about CPF.
It is a collaboration with CPF Board according to her TikTok .... I suppose CPF Board enlist people who are active on social media to educate the general public ....
 

wwenze

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Aiya relax lar

It's like a person who isn't even the member of Sengkang giving awards to residents of Sengkang
 

DragonFire

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Most influencers don't cover the edgelord cases. You gotta come there to EDMW where there are edge cases under every unturned stone.
 

MizunoVolley

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her explanation for basic plan wrong already. standard get 1780 all the way, then say basic is starting 1620 then every year onward get less. siao who want to take basic as every payout is less then 1780?

also escalating no explanation is the 2% every year increase is infinite? like if live to 100 mean payout is +70% over 1400 = 2380? or got cap?

no explanation too of how to top up to ERS?

too basic info
 
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DragonFire

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Is CPF SA top up a bad idea? Many of the people on r/singaporefi seem to hate that with a passion.
I say to each their own. I maxed out my SA in my early 30s. I didn't see a flat in my future and decided to show hand. It wasn't a bad move, though I regret not getting a flat still. My OA's long recovered at this point from the rape and plunder.
 
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