I fully understand that the CPF won't cheat my money but will release whatever amount remaining to my beneficiary(ies). But what makes me mad is if I should die before 65 years old, I don't get to use my hard-earned money at all. That's very unfortunate and pathetic.
Furthermore, the CPF is very smart in arranging the installment payouts to stretch to about 20 years before your original amount in the CPF gets depleted. That means, if one should die before 85 years old, whatever payouts had been taken were actually still your own hard-earned funds, nothing extra from the CPF. Only if one lives beyond 85 years old, then the CPF will bear these payouts. But how many can live beyond 80 years old, not to even mention 85 years old.
In addition, should one gets a critical illness between the age of 65 and 85, the CPF is never going to allow you to have some advance payment to fund your medical bill for treating this critical illness. Isn't it ridiculous when I have the money (in my CPF) but I cannot use it to treat my illness when in a critical situation? Doesn't make any sense at all.
