CPF is a risk-free vehicle for growing your retirement funds. With proper financial planning, an average Singaporean can accumulate $500,000 to a million dollars in their CPF by the time they hit their retirement at 65 years old.
One of the most important factors of compounding is time. And did you know that, as parents, we can help our kids kick-start their CPF from birth and allow their money to compound over time -- since, obviously, time works most in their favour.
In this week's roundtable, we discuss the pros and cons of helping your kids grow their own retirement fund using CPF.
