CPF & Medisave minimum sums

[Oppsgal]

http://www.channelnewsasia.com/news/singapore/cpf-medisave-minimum-sums-medisave-contr/666194.html

[ChiefKiasu]

Oppsgal:

http://www.channelnewsasia.com/news/singapore/cpf-medisave-minimum-sums-medisave-contr/666194.html

Sigh. That's another $11K we'll never get to see or use.

[TheAnswer]

ChiefKiasu:

Oppsgal:

http://www.channelnewsasia.com/news/singapore/cpf-medisave-minimum-sums-medisave-contr/666194.html

Sigh. That's another $11K we'll never get to see or use.

Guess it will be worse when it's my turn..

[Linlin]

TheAnswer:

ChiefKiasu:

[quote=\"Oppsgal\"]http://www.channelnewsasia.com/news/singapore/cpf-medisave-minimum-sums-medisave-contr/666194.html

Sigh. That's another $11K we'll never get to see or use.

Guess it will be worse when it's my turn..[/quote]Reach my turn sure worse.. Buy health policies until blur.. Haiz..

[Oppsgal]

What's the point of telling the minimum sum when cannot meet the target anyway. :sad:

[Dora1]

It’s increasing $10k per year. By the time I retire, easily $350k, provided they dun increase the withdrawal limit any higher. Sigh after buying house, how to meet the min sum? Whatever sum they put also got nothing to do with the most of us

[3Boys]

Why is this a bad thing?

[MMM]

That we will not live to see our CPF $…

[dolphinsiah]

For me no money to withdraw by the age of 55...

If every year increase by $ 8-10K....no money to withdraw at the age of 55....

Will I live until 65...to enjoy my fruits of labour??? :faint:

There goes my retirement plan....

I guess I must work until I hand up my 'IC'...

[3Boys]

MMM:

That we will not live to see our CPF $....

When the average life span of a Singaporean is 80? When at age 65, about half of them will live to 85 and beyond?

http://mycpf.cpf.gov.sg/Members/Gen-Info/CPF_LIFE

I don't think the issue is whether we will live to see our CPF$, the question is whether our CPF dollars will live long enough to see the end of our lives.

Is $148K enough for 20+ years of living?