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Why you should not spend CPF money at 55
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The average longevity of Singaporeans has increased, with half of today's 65-year-olds expected to live beyond 85.
ST PHOTO: KELVIN CHNG
Should you start spending the money that you have saved in your Central Provident Fund (CPF) at 55? You don't need to know rocket science to answer this question - a simple maths calculation will give you the insights you need.
It is a fact that due to the overall improvement in our health, the average longevity of Singaporeans has increased, with half of today's 65-year-olds expected to live beyond 85.
