How Much Do We Really Have in Our Reserves?

[Confuseous]

http://www.transitioning.org/2011/07/06/how-much-of-our-national-reserves-are-really-left/

 

[streetsmart73]

hi there


1. aiyoh!
2. you ask me, i ask who man?
3. honest, there is nothing concrete on the assets/reserves thing.
4. it would easily be two eggs or more.
5. paying millions to sheep safeguarding its reserves, and yet no substance on sheep's assets.

 

[LeMans2011]

Don't worry too much. Just save on cash and dump CPF into housing, if you have a lot then get a bigger house. Just treat it as CPF was never meant to be your money. If you really have so much as to cause you sleepless nights, denounce your citizenship, draw the money out, and move to any other nice countries that will welcome you with open arms. I know Singapore is your home... but sometimes in life it is easier just to forgo a less important thing (your home) for a more important thing (your millions that is enough to give you a comfortable retirement anywhere in the world)

 

[annexa]

Yes bro. This is where "asset enhancement" go wrong. I think Goh last time said it is to use to bond down sinkies to singapore. But when you see your money tied up in a small piece of shit, and the only way to get it back is to migrate, which can give you a much much bigger property and retriement, you confirm give up pink IC!

Don't worry too much. Just save on cash and dump CPF into housing, if you have a lot then get a bigger house. Just treat it as CPF was never meant to be your money. If you really have so much as to cause you sleepless nights, denounce your citizenship, draw the money out, and move to any other nice countries that will welcome you with open arms. I know Singapore is your home... but sometimes in life it is easier just to forgo a less important thing (your home) for a more important thing (your millions that is enough to give you a comfortable retirement anywhere in the world)

 

[Windsor]

The Reserves (our pot of gold) at the end of the rainbow likely to be in the shithole!

<a href="http://s1109.photobucket.com/albums/h436/scalabara/?action=view&amp;current=PotofGold.jpg" target="_blank"><img src="http://i1109.photobucket.com/albums/h436/scalabara/PotofGold.jpg" border="0" alt="Photobucket"></a>

 

[Cestbon]

CPF money/reserve. 95% have been use by Temasick nand GLC. That why gov keep on defer age limit and up the minimun limit because unable to pay up.
If government reverse back to age 55 then CPF board would go bankrupt.

 

[LeMans2011]

CPF money/reserve. 95% have been use by Temasick nand GLC. That why gov keep on defer age limit and up the minimun limit because unable to pay up.
If government reverse back to age 55 then CPF board would go bankrupt.

Just imagine if 100,000 Singaporeans retire and need to withdraw an average of 100k every year. That's 10 billion outflow every year. They don't have the cash... they will be insolvent. So as usual, in the good ole PAP way... defer your CPF withdrawal age indefinitely