Why you should not spend CPF money at 55

The average longevity of Singaporeans has increased, with half of today's 65-year-olds expected to live beyond 85. ST PHOTO: KELVIN CHNG
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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.

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A version of this article appeared in the print edition of The Sunday Times on August 09, 2020, with the headline Why you should not spend CPF money at 55. Subscribe