How shall I deploy 1M?

**Hi SGFi community,** **I would appreciate some feedback on our family’s investment & retirement plan** 42, Singapore resident, planning to retire around 55 (or potentially as early as 45). Happily married with a 12-year-old son. **Financials** Target retirement spending: **250k/year** (includes \~SGD 90k/year education costs) Family after-tax income: **500–600k/year**, savings rate \~40% Investable assets: **8.3M after mortgage repayment**, excluding CPF Combined CPF: 1M Mortgage: **1.3M** at 1.6% fixed for 3 years Emergency fund: 1.5 years of expenses Commercial annuity: 500/month from 60 **Current investable allocation** 60% equities 25% fixed income 10% CPF 5% cash Equities are mainly in VALL held through IBKR Singapore. Fixed income includes **14% VDST (\~USD 1M)** and an 11% TIPS ladder. **Questions** **1. What should I do with the \~$1M in VDST?** Considering: $240k DCA into equities over 12 months $330k into TIPS if yields reach 3% Remaining \~$510k held as dry powder and gradually invested into **VALL** on market declines (3%, 6%, 10%, etc., up to 40%). Is this sensible, or would a simpler immediate allocation be better? **2. Retirement** Would my assets support **SGD 250k/year** spending if I retire at 45–55, assuming roughly a **3% withdrawal rate**, with CPF income starting at 65? **3. US estate tax / broker** I hold Ireland/Luxembourg UCITS ETFs through **IBKR Singapore** (cash usually <USD 60k). Is there any meaningful estate-tax or custody advantage to moving the portfolio to **Standard Chartered Singapore** at retirement? Its trading cost (\~0.2%) is much higher than IBKR and cumbersome to trade. Any other issues with my plan that I’m overlooking? Thanks!