Stay in or cash out? That is the question for many people as they near 55 and the enticing pot of CPF money awaits. Some Singaporeans resist the temptation to grab their Central Provident Fund (CPF) savings, and leave the funds untouched so they can keep capitalising on the attractive interest rates before they eventually retire.
But 51 per cent of those who withdrew their cash on reaching 55 parked the funds in savings accounts at banks and finance firms, according to a recent survey.
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