"It seems many Singaporeans are being asked not to set aside the Full Retirement Sum (FRS) in their RA at age 55. Instead, they are advised to set aside only the Basic Retirement Sum (BRS) - which is half of the FRS - by pledging their property, and to redirect the other half into an ILP'", wrote Christopher Tan, CEO of Providend, in a recent article in the Business Times.

Michelle Martin unpacks the trade-offs between certainty and growth when taking such advice.

Chris explains why projected returns can sometimes create a false sense of security and the risks retirees face if they follow such recommendations and markets fall early in retirement. 

Discover how CPF LIFE fits into a retirement portfolio and what questions investors should ask before making long-term decisions.