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Planning for Your Retirement with CPF – Part 1 (Growing Your Savings)

Another option to monetize your level is by relocating right into a 3-room or a smaller sized flat for the Silver Real estate Benefit or marketing part of your lease back to HDB via the Lease Buyback Scheme.The profits are

after that topped up to the retirement account cost savings to delight in lifelong retirement payments with CPF LIFE. As you can see, your retirement payments are figured out by the retired life amount which is the quantity of savings that you establish apart in your Retired life Account. The intent of this system is to aid senior Singaporeans who have yet to establish apart the Basic Retirement Sum to assist build up their retirement financial savings for even more regular monthly payouts in retirement.

As found on YouTube


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