The CPF is a very important instrument as part of my retirement plans. I truly believe it's one of the best policies that any government can provide for its citizens. Being forced to save a part of one's earnings is something not most are willing to do. So CPF steps in to fulfill the taskmaster role and you get additional contribution from your employer plus interest top ups.
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| CPF Interest Rates Jul to Sep 2020 |
My approach to using CPF as a retirement tool is not to spend it but add on wherever possible. Currently, I use it to pay part of my housing loan and nothing else.
Tip: Albert Bichot Chablis 2017. High acid minerality with medium body and short finish.
