Should I withdraw my OA after age 55
Please see video in link below. On speaker take on using CPF Fund after age 55. He mentioned 2 investment possibility: 1. Payout from Annuity ILP 2. Payout from MSCI ETF On MSCI: He encourages investing in MSCI. Here is comparison of MSCI vs S&P500. Ah Loo wins. ~~~ On ILPs: He discourages investing in annuity ILPs, comparing Prud n AIA ETF returns. But he may have missed the points, talking long term 20 to 30 years returns. Since inception, both returns are 2%+ to 3+%, and funds incur fees charges. My Takeaway: I ever spoke with people Ah Laus who bought these ILPs; They (Ah Laus) bought because: * Annual payout promises 6% to even 8% p.a. (better than OA 2.5% or SA 4%). * Even if long term payout drops to 4%, it is still better than SA interest rate!. * They are looking at Bequest payout of 100.01% principle guaranteed. * They are aware their units will drop, perhaps to even by 50%! due to annual payout from their units. No matter, the Principl...