CPF: when reality hits you like a rock

[Boliao]

Based on the article by "A Singaporean in Australia" (http://wwwasingaporeanson.blogspot.com.au), someone made a spreadsheet that will predict your CPF minimum sum when you hit 55.

https://docs.google.com/spreadsheet...0MgURoize-xTu1ysvU2nvA/htmlview?usp=drive_web

Reality hits hard when you realized how much the minimum sum will be and how unlikely you will be able to see your CPF sum return to you. Based of $120,000 in 2003 (used to be a target of $120,00 by 2013)..

It also got me thinking

1. Why did the government use a 6% inflation rate? Neither our wage, bank interest or CPF rates are anywhere near that.

2. CPF contribution is capped at $1,575 based on the maximum $4,500. How will the younger generation ever be able to accumulate enough to keep up with this rate?

By the time my son reaches 55, his CPF minimum sum would be a whopping $3mil!

 

[GoldenPeriod]

Dunno what ponzi scheme they have going on there....

 

[Lionheart]

another idiotic article./

quitters should remain where they are - outside

 

[enterprise2]

Based on the article by "A Singaporean in Australia" (http://wwwasingaporeanson.blogspot.com.au), someone made a spreadsheet that will predict your CPF minimum sum when you hit 55.

https://docs.google.com/spreadsheet...0MgURoize-xTu1ysvU2nvA/htmlview?usp=drive_web

Reality hits hard when you realized how much the minimum sum will be and how unlikely you will be able to see your CPF sum return to you. Based of $120,000 in 2003 (used to be a target of $120,00 by 2013)..

It also got me thinking

1. Why did the government use a 6% inflation rate? Neither our wage, bank interest or CPF rates are anywhere near that.

2. CPF contribution is capped at $1,575 based on the maximum $4,500. How will the younger generation ever be able to accumulate enough to keep up with this rate?

By the time my son reaches 55, his CPF minimum sum would be a whopping $3mil!

6% inflation rate !!! Wtf!! Every time I see our shitty times reporting on inflation, it's always about 2%, where got 6% !!

 

[Lionheart]

you cannot buy peace and prosperity of singapore
our pap government is doing great
our cpf is doing great
singaporeans are world lampar one kpkb people
ungrateful uncouth and untalented group of selfish people
we need FTs to add to our intelligent gene pool

 

[winnipegjets]

another idiotic article./

quitters should remain where they are - outside

Why, you jealous ah?

 

[winnipegjets]

you cannot buy peace and prosperity of singapore
our pap government is doing great
our cpf is doing great
singaporeans are world lampar one kpkb people
ungrateful uncouth and untalented group of selfish people
we need FTs to add to our intelligent gene pool

Kopiuncle reincarnate?

 

[Cerebral]

CPF cap is at 5k and not 4.5k. The computation may be a little off.

As for inflation, the past few years have been trending around 5+% or 3+% if you remove housing and cars

 

[Lionheart]

Kopiuncle reincarnate?

six months of medication might just help
but this lionheart is not here for long
'too many predators around...

 

[oli9]

CPF cap is at 5k and not 4.5k. The computation may be a little off.

As for inflation, the past few years have been trending around 5+% or 3+% if you remove housing and cars

I farking wonder why they include CARS in the inflation basket of goods? Everyone Sporean got cars meh? Do you know some MPs have more than 1 cars?

 

[beteljuice]

you cannot buy peace and prosperity of singapore
our pap government is doing great
our cpf is doing great
singaporeans are world lampar one kpkb people
ungrateful uncouth and untalented group of selfish people
we need FTs to add to our intelligent gene pool

Only way to have peace and prosperity in Singapore
is to see the PAPs dance under the lamp posts with their necks stretched by piano wires
or wearing a garland of burning car tyres

 

[sochi2014]

SG Garmen stole from the people!

I dun like it because it is a criminal act!!!!! :(

 

[Lionheart]

SG Garmen stole from the people!

I dun like it because it is a criminal act!!!!! :(

stole what
stole your peahead lah
your money in cpf is as safe as the rock
anyone got no money in the cpf
go and sue
idiotic post

 

[halsey02]

What is most fearful is the reality that one fine day, we wake up & find out that, those responsible for our CPF have all gone & what we have on paper say $145,000 is now $1,450....whom can we bang our heads against??

That is the reality...not all the promises of future money, as in returns, interests etc...or extended withdrawal...think about this! CAN YOU TRUST these people for another say 10 years..never mind, another 50 years..or shorter 5 years??

 

[Asura]

SG Garmen stole from the people!

I dun like it because it is a criminal act!!!!! :(

huh, please don't anyhow say stole, you could be sue!!!!

 

[Kanetsugu]

stole what
stole your peahead lah
your money in cpf is as safe as the rock
anyone got no money in the cpf
go and sue
idiotic post

your suku never find your bkt?

 

[wMulew]

Based on the article by "A Singaporean in Australia" (http://wwwasingaporeanson.blogspot.com.au), someone made a spreadsheet that will predict your CPF minimum sum when you hit 55.

https://docs.google.com/spreadsheet...0MgURoize-xTu1ysvU2nvA/htmlview?usp=drive_web

Reality hits hard when you realized how much the minimum sum will be and how unlikely you will be able to see your CPF sum return to you. Based of $120,000 in 2003 (used to be a target of $120,00 by 2013)..

It also got me thinking

1. Why did the government use a 6% inflation rate? Neither our wage, bank interest or CPF rates are anywhere near that.

2. CPF contribution is capped at $1,575 based on the maximum $4,500. How will the younger generation ever be able to accumulate enough to keep up with this rate?

By the time my son reaches 55, his CPF minimum sum would be a whopping $3mil!

Dumfuck opposition supporting retard never read CPF website. They were raising minimum sum to $120K till 2015, the next and last big raise will be next year. after that they will probably only increase via inflation rate. In the next 20 years it should not go beyond 300K let alone 3 million

 

[jw5]

CPF - between a rock and a hard place.

Perineum - between a cock and a dark place.

 

[SgGoneWrong]

you cannot buy peace and prosperity of singapore
our pap government is doing great
our cpf is doing great
singaporeans are world lampar one kpkb people
ungrateful uncouth and untalented group of selfish people
we need FTs to add to our intelligent gene pool

Want real talents?
Get in the intellects and good ang mohs. Why get mostly the cheap pinoys, an nehs and ah tiongs?

 

[Lionheart]

CPF - between a rock and a hard place.

Perineum - between a cock and a dark place.

of course the perineum licker
serial perineum rapist