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CPF LIFE
09-05-2014, 11:56 AM.
Post: #1
CPF LIFE
Ha! Ha!
My CPF LIFE will be increased by $10.49 cents from this JULY.
i think it is a viable scheme as more and more younger people are "forced to join" when they have reached "retirement age".
How much is your increase in $? in %?
My is about 1.63%.
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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09-05-2014, 04:09 PM.
Post: #2
RE: CPF LIFE
I am trying hard not to depend on CPF Life to fund my retirement. For one reason, I am currently not contribution to CPF. Will depends on other means to cover my shortfall when I reach 65.

Based on my best estimate, I should be withdrawing around $700-800 per month (roughly $350-400 today's dollar) from CPF Life when reaching my turn.

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09-05-2014, 04:32 PM. (This post was last modified: 09-05-2014, 04:32 PM by opmi.)
Post: #3
RE: CPF LIFE
(09-05-2014, 11:56 AM)Temperament Wrote: i think it is a viable scheme as more and more younger people are "forced to

You mean it is like a scheme like 'later participants pays for earlier participants"..hahahah....
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"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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09-05-2014, 05:02 PM. (This post was last modified: 09-05-2014, 05:03 PM by safetyfirst.)
Post: #4
RE: CPF LIFE
hmmm i dont quite believe that the payout increases as a result of more people joining

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09-05-2014, 05:16 PM.
Post: #5
RE: CPF LIFE
I think as more people joins, the cost ratio goes down and hence payout increases

This is very different from ponzi, unless their actuarial study turns out to be as reliable as our car traffic projections Smile
=========== Signature ===========
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)

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09-05-2014, 05:20 PM.
Post: #6
RE: CPF LIFE
Other than mortality rates, one other component is the interest rate they use for calculation.

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09-05-2014, 06:30 PM.
Post: #7
RE: CPF LIFE
(09-05-2014, 04:32 PM)opmi Wrote: [quote='Temperament' pid='82126' dateline='1399607816']
i think it is a viable scheme as more and more younger people are "forced to

You mean it is like a scheme like 'later participants pays for earlier participants"..hahahah....
[/quot
Ha! Ha!
Don't be to happy. if you read the fine print, the amount can decrease also. What's more, there is no guarantee a base limit of payout. (aka how low can it goes? Zero or what?)
That's why in the beginning, this was one of the reasons, i didn't join. Since i have an option.
Crazy isn't it no base limit of guarantee payout and you call this CPF income for life?
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

Find Reply
09-05-2014, 06:58 PM.
Post: #8
RE: CPF LIFE
(09-05-2014, 11:56 AM)Temperament Wrote: Ha! Ha!
My CPF LIFE will be increased by $10.49 cents from this JULY.
i think it is a viable scheme as more and more younger people are "forced to join" when they have reached "retirement age".
How much is your increase in $? in %?
My is about 1.63%.

wow, how old are u sir?

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09-05-2014, 11:23 PM.
Post: #9
RE: CPF LIFE
I view this as a bond component of a retirement portfolio. Decent risk-free returns of 4% and 5% (on first S$40,000). I am 35 this year and aim to hit the minimum sum again by end 2014 by contributing under the minimum sum topping-up scheme. Reduces my assessable income for tax savings.

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09-05-2014, 11:31 PM.
Post: #10
RE: CPF LIFE
Something new to me, did a check and ....

Quote:However, if you are not placed on CPF LIFE, you can
choose to join CPF LIFE any time between age 55 and one
month before your 80th birthday.

So, forget it....

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