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How you can do better than having $600,000 in your bank account

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You don't need to have a high fixed sum savings if you have planned for a good monthly retirement income from CPF LIFE.

You don't need to have a high fixed sum savings if you have planned for a good monthly retirement income from CPF LIFE.

PHOTO: LIANHE ZAOBAO

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Many of us would be pretty pleased to have $612,000 sitting in a bank account when they stop working, believing that the sum will be enough to set them free financially for life.

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