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Wed, 02/13/2008 - 23:10
What is the latest CPF plan ah?
We're now able to withdraw CPF at a tiered age segment?
65, 75, 85, 90...
Everytime change policy until I oso dunnoe wat is wat liao...
Yes, it is a tiered process when it come to withdrawing the money.Govt don't want the retirees to spend all the money in 1 shot.Well of course, that means there is more money for Govt to invest with...
Yes, i totally agree
Government version of providing tied level of lifetime income is basically giving them more time to invest money to gain more returns but if you see from another perspective, its actually good, it gives the elderly stable income each month and its a form of insurance.
From the ground level people, whats letting the government earn couple of millions when they get 500 plus to 600plus or other amounts every month and without the worry of going hungry.
I will have to say i support this initiative. It will be a scary scenario, particularly for folks who are not very financially savvy, who may spent all their money quickly, and have not much left for their later years.
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"The point is, ladies and gentleman, that greed - for lack of a better word - is good..."
There should be some ideas about how Singaporeans are going to retire in singapore
Maybe after withdrawing the CPF savings we plan to spend it all elsewhere, like the IR, Batam islands or a retire in M'sia or Thailand
Maybe someday travel agencies can have a retirement travel package for CPF withdrawers! i'm sure that's a golden market out there
If I'm going to retire. This is what I will do:
1. Reinvest my CPF into high dividends stocks...
2. Buy property and go for rental income...
3. Buy property and flip them...
4. Trade at home - own time own target...
5. Invest in new businesses...and flip them...
6. Write a book!!!
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"The point is, ladies and gentleman, that greed - for lack of a better word - is good..."
buy more bonsais to plant at home...
hehe...just joking..
I am also with this Silverhairs Club. They are really on retirement
as all of then are seniors above 45 of age. For reading only, you
can visit the forum page.
http://silverhairsclub.com/2008/02/1430#comments
SHC Membership is open only to those 45 and above only.
Silver Hairs Club!
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After all these restrictions, you definitely ONLY get Singaporeans in the forum
There was a Silver Hair Expo right?!
Any group for the turning silver group? hehe no offence...
Yes, there is a Silver Hair Expo right at Suntex City some months ago. I do when down to see.