BBCWatcher
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If you plan to die with no heirs at age 65 or younger, then there's no point. Otherwise, the point is that the yields are attractive.What's the point of having illiquid funds locked in cpf annuity which you can only start drawing down from 65 years old, which is at least more than 10 years ahead.
Savings is all about deferred consumption. If your savings grow faster and bigger, you can consume more in the future. Many people want to do that! It's quite rational. (And, at the level of savings CPF LIFE entails, it's never a huge amount in absolute terms. If you have a million or three, you'll have to find some other options for most of those dollars anyway.)
What is a home purchase, by the way? Why on earth would you take highly liquid cash, put it in a down payment, and tie it up in a hunk of real estate that's much less liquid -- and that attracts tax (not tax relief)? Now THAT would be foolish, right?
And why on earth would you spend any time at a university? That's a waste of time since you could be earning cash, cash, CASH -- now, now, NOW!
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