LW on why u cannot withdraw all CPF at 55yo

Foetid

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he is taking up the points first put forth by Chiayongyong

chia.png


In reality, he is trying hard not to say that CPF is not your money, in between the words, its really saying, CPF is really not your money, its the govt's money and only govt can do what it deems fit.
 

Medicated Oil

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VOTE OUT the arse!!!

What " national savings "
It's the INDIVIDUAL money

What " flexibility" or "investment"?
If the guy is dying and wants to spend his money, he can't

Vote him out
Take it easy.
The money is stored in their pocket at the moment.
So, it is national saving for them to spend and INVEST.
 

ToonBlue

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Funny ah . Our money talk until like give us some allowance can use it on investment, housing....
 

Joseph12

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Take it easy.
The money is stored in their pocket at the moment.
So, it is national saving for them to spend and INVEST.
Whatever constraints of the banks or CPF or whoever DOESN'T concern Singaporeans at all

If whoever locks in certain funds for decades and cannot be released its not the individual's problem
 

Lemonpeach

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Imagine you are in a commercial bank.

You onboarded a savings product.

It promises good ROI that is too good to be true. Maturity at a fixed time frame.

What must the bank do?

Earn a differential from the depositor-borrower rate
Invest funds that can earn it a higher ROI.

What if its investments is lacklustre?
What if its borrowers presented NPL
Etc ?

If the bank borrows or issues bonds, it will have to eventually repay. There is also the issue of credit rating.

If the bank is dominant and a monopoly, it can at its whims and fancies, delay the maturity of your savings product.

Instead of 5 years, it can now promote 7 years. Through creativity, it would invent an add-on with higher payouts to entice the depositor's delay for withdrawal.

It may also encourage you to delay your withdrawal and further invest your savings in more new schemes under the bank's ambit.

Essentially kicking the can down the road till an upturn in investment returns and reduction in NPL.

Or it has super duper fund managers like those in the Norwegian Pension and Oil Funds.
 

wutawa

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Cpf is a series a numbers that makes many ppl happy by looking at it.
 
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