CPF Special Account closure: How it will affect you | Money Talks podcast

The latest changes to the CPF scheme announced in Budget 2024 raised concerns about the potential impact on retirement planning – specifically, the closure of the CPF Special Account. How will these changes affect your nest egg? We speak to Alvin Chow, CEO of financial education platform Dr Wealth. 0:00 Intro 1:35 Financial news update: Flight ticket prices rise, Ringgit falls 7:10 Breaking down CPF Ordinary and Special Accounts 11:43 Impact on retirement payouts 19:04 How should Singaporeans in their 40s prepare? 21:00 Should we still invest our CPF? 22:56 Different views on CPF Enjoyed this episode of Money Talks? Subscribe to the playlist: https://cna.asia/3UWjdpA Leave a comment or ask a question that you'd like Andrea to chat about next.