Results 1 to 4 of 4

Thread: CPF Life (2013)

  1. #1

    Default CPF Life (2013)

    Wats ur opinion? Good or bad?

  2. #2
    Senior Member
    Join Date
    Feb 2005

    Default Re: CPF Life (2013)

    it is good for ill disciplined people who throw their CPF money left and right and lose it all in a short time. vultures await asking them to "invest" in business, to marry 2nd or 3rd wife in Batam and buy a house in her name in Indonesia, etc.....
    Last edited by ricohflex; 17th October 2009 at 04:40 PM.

  3. #3
    Senior Member azul123's Avatar
    Join Date
    Dec 2004
    Eastern Bloc

    Default Re: CPF Life (2013)

    It's not good... there is no adjustments for inflation. The amount you get back will be worth much less, so the intent is pointless if inflation is not taken into account.

    CPF is my money and I should get it back in full when I retire, like insurance plan I buy at the end of maturity I should be able to surrender the policy and get back my FULL investment. Making these changes and telling us it is for our good does not go well with me, I am not stupid and I want to manage my own money myself, not leaving some party to legislate this and that.

    I hope this could be brought during "selectioning". I don't like this idea degressing from the original plan that we get at turning 55 and withholding back what is due to me.


  4. #4
    Senior Member
    Join Date
    Mar 2007
    Still wondering where I belong

    Default Re: CPF Life (2013)

    there are always changes every few years... extension of withdrawal lah, minimum 80K the time i retired, i think nobody can take any money out of their CPF...

    CPF is probably the biggest bank in SIN with the most capital... money stays with them is better than giving u all the money and spend away...

    anyway on a serious note... if giving 1 lump sum, some will probably waste the money away, some will kena pressure by their children to "start a business" while many will use it wisely and pass down the money when they are not around anymore...

    imo i would prefer to be given 1 lump sum when i retired... its my money anyway... why let the garment use it to generate revenue for themselves...
    Gallery|Baby gallery
    I have become an expert in cleaning poo


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts