Sunday, March 25, 2012

Decision on what to do with excess CPF OA savings.

In my recent post, I had listed four options on what to do with the excess CPF OA savings after clearing off the housing loan. All the four options have their own advantages and disadvantages. After thinking about it for about two weeks, I decided to choose option 1 first and keep option 4 open for the future.

The reason why I choose option 1 first is because part of the OA savings can be used to buy selected shares whereas SA savings cannot. By increasing the savings in the OA account, I am ready to use this saving for investment either in shares or property for the next economy down turn.

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