Serious CPF system falling apart...with negative interest rates..major changes coming soon..

[SalahParking]

The CPF is a pepetual savings banks...can deposit but cannot withdraw on demand because it is illegal to ask for it...

else there will be a run on CPF...the system is teetering yield breakage point

 

[jw5]

LOL................. negative interest rate on CPF is a big call. I opine that if PAP make that call before GE, they may become the opposition.

The CPF is a pepetual savings banks...can deposit but cannot withdraw on demand because it is illegal to ask for it...

else there will be a run on CPF...the system is teetering yield breakage point

 

[winnipegjets]

CPF has no money. Money squandered by Temasick.

 

[sweetiepie]

CPF has no money. Money squandered by Temasick.

KNN negative interest is more scary than no money KNN no money pap will still need to rob others to give you when the time is up whereas negative interest is leeducing amount till really no money left KNN

 

[winnipegjets]

KNN negative interest is more scary than no money KNN no money pap will still need to rob others to give you when the time is up whereas negative interest is leeducing amount till really no money left KNN

CPF will never go into negative interest rate zone. At the worse, zero interest rate. But does it matter? There is no money in the CPF. We are at the mercy of the PAP.

 

[jw5]

The key principal is never to depend on CPF for retirement.

CPF will never go into negative interest rate zone. At the worse, zero interest rate. But does it matter? There is no money in the CPF. We are at the mercy of the PAP.

 

[SalahParking]

CPF will never go into negative interest rate zone. At the worse, zero interest rate. But does it matter? There is no money in the CPF. We are at the mercy of the PAP.

the headline number will not be negative but a negligible rate..
the effects will be akin to negative rate...

pension calculations based on negligible rates will break the pay out calculations..

you cannot project

 

[SalahParking]

in some countries, they call it unfunded pension liability..

 

[JohnTan]

Thanks to the PAP, sinkies will get a 2.5% interest PA rain or shine. Still think CPF is a bad idea?

 

[sweetiepie]

The key principal is never to depend on CPF for retirement.

KNN my uncle plans is still need to depend on cpf after 70yo KNN hopefully 70yo is the max distance pap can shift to KNN of course his plan is subject to covid survival first KNN

 

[nayr69sg]

LOL................. negative interest rate on CPF is a big call. I opine that if PAP make that call before GE, they may become the opposition.

They will make the call after GE

 

[sweetiepie]

The key principal is never to depend on CPF for retirement.

If my uncle failed to leetire with cpf after 70yo he will not hesitate to go cpfb with a chopper KNN

 

[jw5]

KNN this sort of thing no need to plan so far ahead just live day to day and enjoy first KNN

KNN my uncle plans is still need to depend on cpf after 70yo KNN hopefully 70yo is the max distance pap can shift to KNN of course his plan is subject to covid survival first KNN

 

[sweetiepie]

KNN this sort of thing no need to plan so far ahead just live day to day and enjoy first KNN

If never plan then hard to estimate to work till what age KNN as mentioned before cpf things and disagreement only can settle by violence when needed KNN through voting slip 难 lo KNN through kpkb is useless too KNN

 

[SalahParking]

The singdoallr will get weaker, in a way robbing CPF savers of their purchasing power..even maintain 2.5% nominal rate no use, effectively you have lost money, because money is all about purchasng goods and service, pur power, what u can buy...

the sgd alrdy lost about 30% from its peak, celebrate your cpf oa 2,5%...wahahahha

 

[KNNBHCB]

Thanks to the PAP, sinkies will get a 2.5% interest PA rain or shine. Still think CPF is a bad idea?

Fuck your mother CCB. 2.5% so what? Cannot take out what for?

 

[nayr69sg]

Fuck your mother CCB. 2.5% so what? Cannot take out what for?

I took out all my CPF at age 41.

 

[rocket]

I took out all my CPF at age 41.

Bro u sixty liao ah

 

[nayr69sg]

Bro u sixty liao ah

No lah not so old. Otherwise how to work as grab delivery guy?

That was in 2015.

 

[CPTMiller]

I took out all my CPF at age 41.

Hahahaha