As I will be having enough OA savings to pay off my housing loan this year, it is now a good time to think of what to do with the monthly excess OA savings. I have listed down four options and will spend some time to think which the best option is to take to aid my retirement planning. Feel free to comment on my following options.
Option 1: Do nothing with the monthly excess OA savings.
Leave the excess OA savings untouched to earn interest (currently at 2.5%).
Option 2: Transfer half the monthly excess OA savings from to SA.
Transfer half of the monthly excess OA savings to SA to earn interest (currently at 4%). Leave half of the monthly excess OA savings untouched to earn interest (currently at 2.5%).
Option 3: Transfer all the monthly excess OA savings to SA.
Transfer all the monthly excess OA savings to SA to earn interest (currently at 4%).
Option 4: Invest on a private property.
Buy a private property and use the monthly excess OA savings to pay for the monthly mortgage loan.
