TURNING 55 SOON? HERE ARE 3 SIMPLE WAYS TO TURN YOUR CPF INTO A CASH MACHINE
What if your CPF money continues to compound at 4-5% every year and you can withdraw the interests anytime you choose? Yes it is possible using my step by step guide! Hurry, do this before you turn 55! INTRODUCTION If you are turning 55 year old soon, congratulations! It’s time to enjoy the fruit of your labor and years of accumulating wealth in your CPF. If you have met the Minimum retirement sum in the two CPF accounts - OA and SA, you will be happy to know there are more ways to maximise your CPF. CPF is a flexible tool and can be a cash generating machine when used properly. W HAT HAPPENS WHEN YOU TURN 55 You gotta start planning before you turn 55. Remember to follow these steps before this milestone, otherwise it would be too late. And I mean it literally! On your 55th birthday CPF will create a new account called the Retirement Account (RA) by taking out money from your OA and SA. This is the order it will be done. It will first take all the mone...