Should you defer CPF LIFE to 70 for S$2,380 a month instead of S$1,780 — is the 5-year wait worth S$107,000?Okay so when I wrote about which pot to drain first in retirement, I said that deferring CPF LIFE deserved its own article — and quite a few of you took me up on it.So here it is.CPF’s own example is a member with S$220,400 in his Retirement Account on the Standard Plan: S$1,780 a month if he starts at 65, or S$2,380 a month if he waits until 70.S$600 a month more, for life, for waiting 5 years.The catch is that those 5 years cost you 60 payouts of S$1,780 — about S$107,000 that has to come out of your own pocket instead.So 3 questions:1. At what age do you break even?2. What do the 5 years of waiting actually cost — and does it matter where the money comes from?3. Who should not defer?https://financialhorse.com/should-you-defer-cpf-life-to-70-for-s2380-a-month-instead-of-s1780-is-the-5-year-wait-worth-s107000/