Turning 55 is supposed to be a momentous event in our lives.
When my dad reached that milestone 33 years ago, he stopped working. He also got a big windfall from withdrawing all his Central Provident Fund (CPF) savings. Those were the days when a person did not have to set aside any money in his CPF for retirement needs or medical expenses.
Time flies. I could scarcely believe that it was my turn to hit 55 earlier this month. I still look and feel pretty much the same as always, but my friends made a big fuss about it and hosted me to dinner at the Tanglin Club to celebrate the occasion.
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4 Expensive Mistakes Singaporeans Make When Buying Their First Home
Can I afford that 4-room BTO flat?
How much money is needed to get married and start a family in Singapore?
Don’t Wait Till You’re 30 to Make These 4 Financial Decisions
Do this with your CPF before it’s too late