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25-06-2014, 06:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
The main gut feel we had when reading his interview with CNA was that this was a rather simplistic approach with regards to CPF. Well meaning at its core, but missing a lot of external factors that do contribute to this ongoing debate about CPF.
Want me to work longer? Sure. But are my wages going to increase enough to combat inflation given that CPF isn’t?
Want me to spend less CPF early in life? Sure. But are housing prices going to stabilise to a point where I’m not going to cause a huge dent in my CPF account?
Also, if you are relying solely on CPF to tide you through your retirement, well… GOOD LUCK. Want to know how else you can prepare for retirement without relying on this “100% Safe, Risk Free (but very low interest rate)” system, you should definitely follow us on Facebook.
What are your thoughts on what Lim Swee Say said? Valid points or complete hot air or.....
http://blog.moneysmart.sg/opinion/wh...regarding-cpf/ (http://blog.moneysmart.sg/opinion/what-lim-swee-say-was-really-trying-to-say-regarding-cpf/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?184728-I-say-I-say-Shit-Say-shut-up-amp-stop-confusing-lesser-mortals-simpleton-you&goto=newpost).
The main gut feel we had when reading his interview with CNA was that this was a rather simplistic approach with regards to CPF. Well meaning at its core, but missing a lot of external factors that do contribute to this ongoing debate about CPF.
Want me to work longer? Sure. But are my wages going to increase enough to combat inflation given that CPF isn’t?
Want me to spend less CPF early in life? Sure. But are housing prices going to stabilise to a point where I’m not going to cause a huge dent in my CPF account?
Also, if you are relying solely on CPF to tide you through your retirement, well… GOOD LUCK. Want to know how else you can prepare for retirement without relying on this “100% Safe, Risk Free (but very low interest rate)” system, you should definitely follow us on Facebook.
What are your thoughts on what Lim Swee Say said? Valid points or complete hot air or.....
http://blog.moneysmart.sg/opinion/wh...regarding-cpf/ (http://blog.moneysmart.sg/opinion/what-lim-swee-say-was-really-trying-to-say-regarding-cpf/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?184728-I-say-I-say-Shit-Say-shut-up-amp-stop-confusing-lesser-mortals-simpleton-you&goto=newpost).