CPF at 55 Explained: Withdrawal Rules, Healthcare Costs & Retirement Planning

What really happens when you turn 55 in Singapore? 🎂💰

In this episode of Coffee Tea Money Talk, host Keiran sits down with Estelle, Ben, and Lenin to unpack the “magic age” when you can finally touch your CPF savings.

The team dives into:

🎯 CPF at 55: Why this age matters, and what happens when your Retirement Account is created.

💡 Basic, Full & Enhanced Retirement Sum: What they mean, and how they affect how much you can withdraw.

🏠 Property Pledging: Why some pledge their homes to withdraw more, and why it may not always make sense.

✈️ Lifestyle Choices: Some use CPF withdrawals to travel at 55 — but what about the years between 55–65 before CPF LIFE payouts start?

🏥 Healthcare Costs: With medical inflation and rising premiums, how much should you set aside for insurance? (Some suggest 20–30% of disposable income.)

💸 Investment & Cashflow: How to deal with inflation, explore low-risk options like T-bills or Singapore Savings Bonds, and still plan for rainy days.

📊 CPF LIFE Options: Basic, Standard, Escalating — which payout style suits your lifestyle?

At the end of the day, CPF is just one part of the retirement puzzle. Planning early, keeping cashflow healthy, and balancing short-, medium- and long-term needs can help you retire with confidence.

🎥 Watch as Estelle, Ben and Lenin share their personal insights — from mortgages to medical cover, from travel dreams to estate planning.

🔔 Subscribe to Coffee Tea Money Talk for more real conversations on money, retirement, and financial planning in Singapore.

📌 For personalised advice, feel free to contact our experts:
Lenin: +65 9756 7189
Kieran: +65 9475 1285

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