Judging from the news, it seems like the prevalent retirement age may be raised to 65 pretty soon. Which means that the CPF withdrawal age will be increase from the 62 to 65 too. Hopefully, CPF will look into increasing their interest rates and adjust some of the policies
Although this may be necessary because of our life expectancy and aging population, similar to Japan...we really need to ensure that we got work to do ! otherwise no money $$
If you decide to retire early, age 55?, you need to have enough savings to last you for the next 10 years before you can enjoy the fruits of your CPF savings...and if you have insufficient funds, then you definitely need to work or spend lesser=no holidays, no excessive spending, no car
Work hard and plan ahead
Cheers
Wednesday, July 04, 2007
Retirement age going to raise to 65?
Posted by M33 at 11:58 AM
Labels: CPF retirement age minimum sum singapore withdrawal 62 65 55
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