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Sister Tracy,
Can up me for that "excellent advice"? :p
Thank you!
sure...but how do i up your points?
-
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CPF Minimum Sum vs CPF Life
- Thread starter TracyTan866
- Start date
sure...but how do i up your points?
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Sister Tracy,
At the left bottom of my posting, click on the star icon and please put your name in the remark space.
Thank you once again.
Will return.
Agreed. This is to squeeze blood out of rocks. This generation's CPF is screwed so gahment aiming at next generation's inheritance.
Step 1: get all to opt for this scheme which did not take care of inflation and suddenly, your lump sum cpf ends up in smoke.
Step 2: raise the age for such withdrawal. Now you don't even have the smoke.
No worries, sinkees are dumb.
The trick here by the MIW is to defer payment of your CPF money as long as possible with the stupid
Excuse of they are concern of your retirement planning needs from 62 or 65 till death.never in this life u ever believe that MIW is so kind n considerate for the people of Singapore.Don't forget that CPF money is a cheap source of funds for the GIC to throw away good money on unwise n stupid overseas investments.
Excuse of they are concern of your retirement planning needs from 62 or 65 till death.never in this life u ever believe that MIW is so kind n considerate for the people of Singapore.Don't forget that CPF money is a cheap source of funds for the GIC to throw away good money on unwise n stupid overseas investments.
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They are planning to raise retirement age to 70. You won't be able to touch your money until just before you die. PAP wants every cent of your CPF.
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And we have people starting such threads before GE 2011 to try and influence people against the opposition.
http://singsupplies.com/showthread.php?89550-The-Chen-Show-Mao-Affair
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Only SINkingporeans allow their government, do whatever they please, with their hard earned - BLOOD, SWEAT, TEARS, money!!, no one dare protest!
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They will bury you at trade prices & make it affordable....& thank you for your money & helping them "poor" politicians to maintain a million dollar salaries & reward for incompetency...
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I recall there was such an event, but neither the reason nor the date.
Vaguely also recall that you said you went, correct me if I'm mistaken.................
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But it still happened.................... :(
It's now anything goes that does not break the law, whether it is protesting, complaining, giving problems to the moles/porlumpars/sycophants/double-headed snakes, mocking, scolding, etc etc and of course, most importantly, voting.
The worst part is that in addition to the establishment people with all the power, there are these skunks by the sidelines helpiing them and facilitating their elitism further.
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How so?
Can I know the reasons for branding it a scam ..... I am a potential investor so dun flame me.
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Most of the money there earn 4% interest which NO friggin bank will give!! I am no pro PAP but pro profiteer
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Well, you have done the math yourself in the above post, and i agree with the conclusion. CPF Life and MSS are just ways of withholding retirees savings so that the funds can continue to be part of Temasek and GIC cash cow.
Any singaporean can easily invest the sum in a higher yielding product, or even an insurance policies that will give more benefits. Only a fool would think that the CPF Board will give a competitive annuity payout or return on investment.
Your Minimum Sum will earn 4% interest and this interest is yours.
If I am not wrong, the interest accrued by the amount of fund you put into CPF Life does not belong to you. It belongs to a pool. Thus if a member passes away before reaching 65, his estate will only get back the principal amount placed with CPF Life ie no accumulated interests. This is how I understand it. I may be wrong here.
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wrong!...all of us did had a choice in 2011....but the majority voted for it
why pull hair and shake head now??...we deserve it...
The CPF -life was NOT fully explained to the CPF members n if u ask CPF board they
also not sure of the DETAILS.who benefit from this CPF-life scheme ?
MIW ? Appointed Insurance Companies ? Appointed Fund Managers ?
Cheap source of funds for GIC?
They just ram thru the law without the FULL DETAILs n the Botak will smilingly
Try to explain as n when required in parliament.Even if they cocked up nobody can
Bring them to task cos the MIW has majority .sinkees are farked real hard n they enjoyed being
Farked hard by the MIW .
also not sure of the DETAILS.who benefit from this CPF-life scheme ?
MIW ? Appointed Insurance Companies ? Appointed Fund Managers ?
Cheap source of funds for GIC?
They just ram thru the law without the FULL DETAILs n the Botak will smilingly
Try to explain as n when required in parliament.Even if they cocked up nobody can
Bring them to task cos the MIW has majority .sinkees are farked real hard n they enjoyed being
Farked hard by the MIW .
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