Pursuing financial independence in Singapore.
Reading Time: 14 minutes What’s the best way to optimise our retirement income using CPF LIFE? Should we top up our CPF RA to the Enhanced Retirement Sum or keep it at only the Full Retirement Sum and invest the difference? Let’s find out!
Reading Time: 9 minutes Update (25/12/2018 12:00PM SGT): As pointed out by Adriel in the comments section (Thanks for the heads up!), the original post had the ERS amount incorrectly at 2x the FRS, however the correct amount is 1.5x the FRS. This has been fixed and it impacts the result of the withdrawal rate analysis. The CPF LIFE Scheme is a life annuity scheme that provides Singapore Citizens and Permanent … Read more