Help seniors make informed CPF decisions

PRIME Minister Lee Hsien Loong, in his National Day Rally address on Sunday, gave what a number of Singaporeans seem to want: the ability to withdraw more money from their Central Provident Fund (CPF) accounts. As part of the move to introduce more flexibility into the system, he announced that the government would allow those aged 65 and above to take out a portion of their CPF savings in a lump sum.

He stressed that it wasn't a decision that was taken lightly, and rightly so. Those who choose to exercise this option will have to cope with less in their accounts for their retirement n…