My Special Account Money (SA) in Central Provident Fund (CPF) – Cornerstone or Last Resort for Retirement?

Central Provident Fund (CPF)

I believe CPF formed a large net worth of most working adults in Singapore, including me. I have talked about my current stage of in my reflection article (Portfolio Update: Feb 2023 and Reflection at half-life (hopefully) mark – 40 Years old). In that article, I have mentioned that “Reach CPF Full Retirement Sum (FRS) in Special Account in Jan 2020 (Current: way exceeded 200k such that will still reach FRS even if not working).“Action and evidence speak louder than words. I shall show a screenshot of my CPF in this post at the end of this post.

What is Central Provident Fund (CPF)?

In case for those not aware (especially foreigners) who are reading this post. Let me share some details. CPF is short for Central Provident Fund in Singapore, which is a savings scheme designed to help Singaporeans save up for their future. It’s…

Author: jeserje

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