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Old 17-04-2021, 07:34 PM is offline
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Join Date: Jun 2009
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Check out this asiaone article on the same topic.

Before you turn 55 years old:

Step one: Calculate how much you need to transfer out of your CPF SA, in order to keep just $40,000 in the account

Step two: Transfer that amount of money out of your CPF SA by investing the money in a low risk investment product (more on this in the section below)

Note, you’ll need to be able to invest under the CPFIS before you can do this.

After you turn 55 years old:

Step three: Wait and check for your CPF RA to be formed

Step four: Cash out by selling your investments

Step five: Transfer the money back into your CPF SA

Step six (optional): Consider topping up your CPF RA up to the Enhanced Retirement Sum (ERS) to enjoy higher monthly payouts during your retirement
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