Another CPF supporter

[1982-1994]

Colleague is >55yo and she projected her payout to be $2+k
She said the CPF system is very good and she doesn't understand why are there so many naysayers
She does top up but never said how often she does it

She's confident gahmen would never change the policy or extend the withdrawal age for fear of citizens changing votes

Anyway she doesn't have much savings, but she felt happy upon looking at her CPF




I'm surprised she is savvy about CPF
She felt shiok every end of the year to receive the interests

But don't think she's an edmwer

Oh she mentioned the new cap limit of MA is $71500

 

[Nuclear Boy]

 

[Captain Muthu]

4% annual returns looks a lot, to the uninitiated

 

[1982-1994]

4% annual returns looks a lot, to the uninitiated

But @woonwoonjiakbeehoon 4%
Those >8% have high risk

 

[page||]

Colleague is >55yo and she projected her payout to be $2+k
She said the CPF system is very good and she doesn't understand why are there so many naysayers
She does top up but never said how often she does it

She's confident gahmen would never change the policy or extend the withdrawal age for fear of citizens changing votes

Anyway she doesn't have much savings, but she felt happy upon looking at her CPF

View attachment 44368


I'm surprised she is savvy about CPF
She felt shiok every end of the year to receive the interests

But don't think she's an edmwer

Oh she mentioned the new cap limit of MA is $71500

When I look at my properties valuation I feel richer than looking at my cpf

 

[Nesplex]

We are all supporters of CPF because BO BIAN

 

[cheongmanz]

 

[Knightoftheblackrose]

S&P 500 annualised returns over past 20 years is 9.66%

Source : https://tradethatswing.com/average-...ns-for-sp-500-5-year-up-to-150-year-averages/

4% annual returns looks a lot, to the uninitiated

But @woonwoonjiakbeehoon 4%
Those >8% have high risk

 

[EDMW-Hates-Me]

No guarantee that the withdrawal age won't change.

But I also like cpf mainly because it can save tax payers some money from supporting people with bad money management.

 

[Raelight]

Happi for her kids
Her kid will spent the cpf for her.

 

[yobyella]

Told my boomer uncle to trsf all or 3/4 of his ord balance acct to his RA. 4% better than 2.5%

 

[kenpachi82]

 

[andyhtc]

I plan to top up my RA to ERS at 55 years old.

This allows me to get a payout of $3.8k from 70.

I want to keep around $1 mil in the other CPF accounts for emergency.

 

[EDMW-Hates-Me]

I don't want to subsidize ministers' bungalows. I also don't want to support people with bad money management. These 2 things are not die die must choose 1.

 

[fly1111]

Colleague is >55yo and she projected her payout to be $2+k
She said the CPF system is very good and she doesn't understand why are there so many naysayers
She does top up but never said how often she does it

She's confident gahmen would never change the policy or extend the withdrawal age for fear of citizens changing votes

Anyway she doesn't have much savings, but she felt happy upon looking at her CPF

View attachment 44368


I'm surprised she is savvy about CPF
She felt shiok every end of the year to receive the interests

But don't think she's an edmwer

Oh she mentioned the new cap limit of MA is $71500

Like any Ponzi scheme ppl at the top will keep telling ppl at the bottom how good it is. But ppl at the bottom clearly don’t see it.

 

[orwell76]

I don't want to subsidize ministers' bungalows. I also don't want to pay more tax to support people with bad money management. These 2 things are not die die must choose 1.

Our long term investments is satki one

 

[Eliwood]

Actually CPF should only form 1 layer of a person's retirement fund.

Not wise to rely solely on CPF for retirement as it may not be enough.

For people who practise this, they wont worry abt shifting goalpost or illiquidity etc.

 

[1982-1994]

Happi for her kids
Her kid will spent the cpf for her.

She is single

 

[jywy2005]

So many go and do SA shielding before they turn 55. Can earn more interest instead of withdrawing it out.

 

[lifeafter41]

Colleague is >55yo and she projected her payout to be $2+k
She said the CPF system is very good and she doesn't understand why are there so many naysayers
She does top up but never said how often she does it

She's confident gahmen would never change the policy or extend the withdrawal age for fear of citizens changing votes

Anyway she doesn't have much savings, but she felt happy upon looking at her CPF

View attachment 44368


I'm surprised she is savvy about CPF
She felt shiok every end of the year to receive the interests

But don't think she's an edmwer

Oh she mentioned the new cap limit of MA is $71500

Moi friend very happy when see the CPF statement every year………
Don’t know next year will let me take pic or not?………lol