Why don't you consider passive income by buying a resale flat and rent it out? A PMET like you should be no problen to pay in full from your CPF OA for a resale flat between $300-400k? You can have a passive income of at least $2k a month.
Arh ... THAT option is out as am already staying in a 5-Room Resale Flat for the past >20 years
Bought when I was just starting out in my PME career - after qualifying for it by passing the necessary exams etc {due to then Mid-20s Crisis as was ‘jaded’ with 1st career/job which didn’t match my personality etc}
Stupid me didn’t bother to invest in properties when I could have then {Not possible now} - as could then have passive rental income
[And my mom insisted on selling away our modest ‘inherited' private property - as SHE wants to be secured with cash to fund her eventual expenses in a Nursing/Old Age Home as her plans - no maid etc for her ....we’ve NEVER ever had a maid .... of course I’ve already squandered away my modest share of the proceeds here after taking care of some personal loans taken out to tide my Lehman Bros Share Crisis/Studies/etc ....at THAT late stage again didn’t consider buying properties as didn’t want to be saddled with a mortgage at that latter part of my life]
BUT no regrets as I bought my 5-Room Resale at a real Bargain Price {at <130k - a Real Steal just before the prices shot up !!!!!}
As for my CPF - Already practically stripped clean by me as much as possible save for the mandatory sums there - as I said I’ll spend/squander first rather than save for my old age sighzzzz
I expect mom to go within 10-15 years max {or when she moves into a Nursing Home}
When she does, I have plans to downgrade into an HDB Studio Apt [or rent out the 5-Room ??]
Whatever - there’ll be generation of cash from this - whether sale/rental/etc .....
MAYBE I’ll migrate to a cheaper neighbouring country in Asia ????
Before that - in less than 3 years’ time
My Endowment Policy will mature and I’ll have funds from there .....
I still have a couple of sizeable Critical Illness Life Insurance Policies too
Optimistically I hope I should be OK - with incomes to survive without working at a job again - if it comes to that ?
Fingers crossed - that someone up there continues to look out for me and to bless me etc ....
Guess not much use thinking too much - the boat will right itself when the time comes ?