The CPF Mystery that has befuddled the Nation

[Equalisation]

The PAP has brainwashed us with the idea that the CPF approach is the best way for retirement savings. That's totally bs.

With the pool of funds, the CPF can easily invest the money to generate at least a long term average of 10 percent to provide pension for all sinkees.

That's what sinkees should demand.

Yes. Win, they keep. Lose, they postpone the withdrawal date and increase minimum sum !!

 

[winnipegjets]

Are you aware that you could doubled your money in 10 years if your money is being compounded at a rate of 7%?

If it can be doubled, will you have any problem with meeting the current minimum sum?

With the median take-home income of $1700, at least 50 percent of the folks don't have enough in the CPF to meet the minimum sum.

The CPF scheme is a rip-off. The CPF should be a pension. Most people are financially illiterate ...they don't know how to invest. With the huge pool of funds, the CPF can have the money professionally invested and at a lower cost than an individual investor. For the CPF to generate an average double digit return is not that difficult. Thus, providing a pension that pays 50 percent of the salary is not difficult to meet.

 

[Leongsam]

With the median take-home income of $1700, at least 50 percent of the folks don't have enough in the CPF to meet the minimum sum.

The CPF scheme is a rip-off. The CPF should be a pension. Most people are financially illiterate ...they don't know how to invest.

If most people are currently financially illiterate, they should EDUCATE themselves and learn how to invest.

It does not take a mensa IQ to figure things out. Even an average IQ guy like me has learned how to handle money.