CPF Life Basic Plan surprisingly gives you more!

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Summary
The 3 CPF Life plans compared and they are Basic Plan, Standard Plan, Escalating Plan.
Surprisingly the default STANDARD PLAN gives you more cash per month but gives you LESS IN TOTAL when factoring in bequest amount by age of 80.

2:00 has exact calculations.

To make up for the cashflow difference, have an investment portfolio that gives dividends etc...
Hence, my preference now is the CPF LIFE Basic plan and in this video, I'd break down why. The Escalating Plan is also worth considering!

3:44 Here's a further tip for you which is to defer your Cpf Life payouts till age70. See the figures presented, it's significantly more.

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About Josh:
Josh holds a degree in Accounting.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC charterholder, Josh has agreed to be bound by the ChFC®️/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video. No products were advertised.

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