Do you look forward to seeing your CPF interest at the beginning of the year? Have you wondered how the interest is calculated? The answer is it is more complicated than you think and the timing of your transaction matters.
As election day approaches in Singapore, let us take a look at the various proposals on fixing CPF. I will look at the higher withdrawal limits, special dividends, partial withdrawal from CPF in special circumstances and reducing the CPF payout eligibility age.
Before you embark on your FIRE journey, do consider whether you are mentally prepared for it.