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In the Money
Flexible features of annuities draw investors as a supplement to CPF Life
This regular column addresses readers’ investing issues.
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Annuities have become popular in recent years as people focus on the relatively lower risk of the products as well as the regular payouts they can offer.
ST PHOTO: LIM YAOHUI
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Q: I am considering buying an annuity as one way to supplement the payouts from CPF Life (Lifelong Income for the Elderly). What are the pros and cons?
Many people approaching retirement are hoping to maintain a standard of living close to what they have when they are working. While CPF Life – the national longevity insurance annuity scheme – provides monthly payouts for life, it may not be sufficient should people be aiming for a more luxurious lifestyle.
