Serious Lowering CPF rates, extend redeem date is a Technical Default

[SalahParking]

In all Fixed Income, when you push redemption dates out, and lower the rates, it is a Technical Default...

In case you don't know already, a rate of 3.5 to 5 percent is not sustainable. CPF will have to lower rates and stagger payouts.

 

[SalahParking]

The writing is already on the wall, maybe they will pay you part cash part HDB house with only 10 yr lease or till you die, whichever is earlier.

 

[pvtpublic]

The writing is already on the wall, maybe they will pay you part cash part HDB house with only 10 yr lease or till you die, whichever is earlier.

Don't worry, CPF minimum sum will be $500,000 soon. Don't hope to see your CPF money. It's just another form of tax for the jinx to gamble with

 

[SalahParking]

alot of cpf sink into HDB

and CPFIS...90% lose money or no make money...

 

[LordElrond]

Don't worry, CPF minimum sum will be $500,000 soon. Don't hope to see your CPF money. It's just another form of tax for the jinx to gamble with

It’s $200k for full retirement sum. Above that you can withdraw at age 55.

 

[sweetiepie]

It’s $200k for full retirement sum. Above that you can withdraw at age 55.

 

[LordElrond]

Medisave cannot withdraw hor

 

[winners]

Actually, the CPF Life is another bullshit. They have already calculated for the payout to breakeven only at around the 15th year. So, assuming you start to receive them from 65 years old, how many can live beyond 80 years old?

 

[nightsafari]

Don't worry, CPF minimum sum will be $500,000 soon. Don't hope to see your CPF money. It's just another form of tax for the jinx to gamble with

gambling indicates a more or less unknown outcome. When the aptly named jinx gambles, it's usually a forgone conclusion.

 

[LordElrond]

Actually, the CPF Life is another bullshit. They have already calculated for the payout to breakeven only at around the 15th year. So, assuming you start to receive them from 65 years old, how many can live beyond 80 years old?

Not 90?

 

[nightsafari]

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your unker steady so successful...

if cannot withdraw then I gonna come video you with chopper...

 

[LordElrond]

Actually, the CPF Life is another bullshit. They have already calculated for the payout to breakeven only at around the 15th year. So, assuming you start to receive them from 65 years old, how many can live beyond 80 years old?

My issue is they stop paying at 90. The old scheme paid indefinitely. So I have to die at 90.

 

[winners]

Not 90?

That's what they will always claim with advances in medical science today, but factually, I don't think so. The majority will die even before reaching 75 years old.

 

[LordElrond]

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So you know that your ordinary account balance will be consolidated with special account into 1 account for that purpose. Not just special account

 

[LordElrond]

That's what they will always claim with advances in medical science today, but factually, I don't think so. The majority will die even before reaching 75 years old.

Yeah I have no complaints if they start paying at 60.

 

[winners]

My issue is they stop paying at 90. The old scheme paid indefinitely. So I have to die at 90.

No, it is the new scheme that will pay indefinitely. But the monthly payout is so well calculated by them that it can only breakeven when you reach around 80 years old. Of course if you die before that, the remaining balance will still go to your beneficiary. Just that you don't get to fully enjoy the fruits of your labor derived during your younger years.

 

[winners]

Yeah I have no complaints if they start paying at 60.

Wait long long. They have always been enticing you to start your payout later at 70 years old if you don't really need the money, by justifying that you'll get a higher monthly payout. I'm not going to fall for this felony.

 

[sweetiepie]

your unker steady so successful...

if cannot withdraw then I gonna come video you with chopper...

KNN all in the pipeline either this

Or this KNN

 

[LordElrond]

No, it is the new scheme that will pay indefinitely. But the monthly payout is so well calculated by them that it can only breakeven when you reach around 80 years old. Of course if you die before that, the remaining balance will still go to your beneficiary. Just that you don't get to fully enjoy the fruits of your labor derived during your younger years.

Is the old scheme still applicable?

 

[sweetiepie]

So you know that your ordinary account balance will be consolidated with special account into 1 account for that purpose. Not just special account

My uncle's plan is 200k+ donate first and let them hold till max threshold at 70yo KNN next is go cpfb with chopper KNN