Sunday, March 26, 2023
HomePassive IncomeOur CPF cash just isn't our cash?

Our CPF cash just isn’t our cash?

This submit goes to be brief however possibly not so candy.

I used to be out doing my 10,000 steps final night and took a break at a public train station.  

We’re so fortunate that HDB estates have train stations and never simply playgrounds for noisy children.

There was a gaggle of previous males on a few benches close by.

Guess what?

They had been even noisier than the noisy children on the playground. 

“CPF cash can’t take out one lah.”

“PAP needs to regulate our cash until we die mah.”

“What management? They take and use liao!”

“Our CPF cash machiam their cash like that lor.”

“Cham liao lor. No surprise can’t take out all at 55.”

They appeared like folks of their 70s to me.

Blessed with longevity however not knowledge.

Anyway, it’s a undeniable fact that we’re all residing longer and we’re lucky that our authorities just isn’t solely conscious of this however determined to behave by developing with CPF LIFE. 

Not permitting CPF members to withdraw all their CPF financial savings at age 55 is the best factor to do as a result of when that withdrawal age was set so many many years in the past, longevity was not what it’s immediately. 

 “When the CPF system was launched in 1955, the retirement age was 55. 

“Life expectancy then, was between 60 and 62. 

“At present, for these turning 65, one in two will reside past 85, and one in three will reside past 90.” 

Even these of us who’re savvy in relation to investing for earnings ought to contemplate taking full benefit of our CPF membership if we are able to. 

Whereas the CPF just isn’t an fairness and is not a bond within the purest type, I do contemplate it a vital a part of my retirement funding plan.

I can’t see how one thing that offers me peace of thoughts is giving so many individuals grief.

If the reason being as a result of they haven’t any cash aside from what they’ve of their CPF accounts, then, they will need to have bungled fairly badly financially.

If their dire state of affairs just isn’t attributable to any dangerous determination on their half, then, there’s room for sympathy and assist is on the market if they need to search it.


Lately revealed:




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