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Tuesday, May 27, 2008

Buy a life annuity with cash or CPF

Dear Mr. Tan,
I am 58 years old still and is still working. I have a retirement account in my CPF. Should I purchase an annuity using cash or should I use my retirement account?

REPLY
It is better to keep your minimum sum in the CPF as it earns a better return. You can buy the life annuity using cash. Read this FAQ:
http://www.tankinlian.com/faq/seniors.html

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