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Why high CPF Life payouts means less need to have more savings
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High CPF Life monthly payouts of up to $3,300 should help retirees pay for most of their expenses without having to dip into their savings.
PHOTO: LIANHE ZAOBAO
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If you have planned for higher monthly payouts from CPF Life, you will probably not run out of money in your old age, even if you don’t have a large amount saved.
This is because payments of up to $3,300 a month should help retirees meet most of their expenses without having to dip into their nest-eggs.
