Part 3/8:
The critical question discussed is whether to withdraw CPF funds upon turning 55 or to leave them invested. Experts advise that, unless there is a pressing need, it is generally better to keep funds within the CPF ecosystem to benefit from compound interest. Withdrawals should ideally be for specific purposes or when alternative investments cannot beat the CPF interest rates.
Insight:
Many retirees withdraw CPF savings and deposit them into bank accounts earning minimal interest, effectively losing potential growth.