Re: Why your CPF beneficiaries & THEIR beneficiaries may never get your CPF when you
"Imo, those who said you crazy, I trust they said it for one reason or another. But if comes from those who never really lived overseas for an extended period, but on work attachments or vactions, then I wouldn't put much weight on their opinions. For those who had experiences living overseas, its just a matter of personal preferences and choices in what one wants in life, like I said in first para"
Those that say I crazy do come with good intentions and concern. They are worry about the uncertainties and risks. In their mind, why I quit a stable and reasonable paying job to run road and face the uncertainties in a foreign country?? Most of them are very used to the predictable lifestyle in SG. Eg. Stay in HDB/Condos, drive a japanese/europe car, with wife and kids, go for holidays few times a year, have a reasonable job and hoping for big bonus at end of year.
Yes, if there is a reason for renouncing citizenship, the only reason is to withdraw the CPF. Not a matter of I need the money or not. It's a matter of principle, CPF is my money and not the government's money. And if the government fear that those who withdraw the CPF to squander it away, then it is their problem.
And if Singaporeans cannot managed their own money, then something is wrong with our education. Remember in the old days, we are taught to save money for raining days. Now, I keep receiving phone calls even in LOS to sign up for credit cards. Even the last trip to SG, saw so many Credit Card booths promoting credit cards. Government on one hand, worry retirees cannot look after own money, on the otherhand, allows so many banks to issue credit card. I think by now, even toilet cleaners can also own credit cards.
Sorry for the side track on credit cards, I just know too many people who are in deep shit because of credit cards.
The most common question I was asked when I 1st returned to Spore was why? I returned
