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

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