appboy Posted May 21, 2023 Report Share Posted May 21, 2023 https://blog.moneysmart.sg/budgeting/cpf-retirement-sum/ https://blog.moneysmart.sg/budgeting/cpf-life-payout-plan-minimum-sum/ Are there any life hacks for single gays? One big difference between straight friends and I is I will go for the highest amount of payout possible as I don't have anyone to leave my RA balance to in case I die early after paying the lump sum premium to join CPF LIFE. Which plan did you choose for your parents? As usual, my aged parent is totally lost. Quote Link to comment Share on other sites More sharing options...
radiusulnar Posted May 21, 2023 Report Share Posted May 21, 2023 For parents best to go for LIFE. Mine were on the old scheme once retirement sum zero no more payout Quote Link to comment Share on other sites More sharing options...
appboy Posted May 22, 2023 Author Report Share Posted May 22, 2023 5 hours ago, radiusulnar said: For parents best to go for LIFE. Mine were on the old scheme once retirement sum zero no more payout Basic, Escalating or Standard? Don't understand why govt made it so complicated to understand Quote Link to comment Share on other sites More sharing options...
radiusulnar Posted May 23, 2023 Report Share Posted May 23, 2023 i would select standard which is the middle choice. just like goldilocks. Quote Link to comment Share on other sites More sharing options...
keyboard Posted August 26, 2023 Report Share Posted August 26, 2023 Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted August 26, 2023 Report Share Posted August 26, 2023 It's better to get the highest monthly payouts as soon as you turn 65 so that you can use the money to invest in a higher-yielding entity. Quote Link to comment Share on other sites More sharing options...
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