Quote:
Originally Posted by chubbybastard
2. They also invest in long term gov securities which cannot be liquidated anytime soon. Which also means they will have no choice but to lock in our money longer by rising withdrawal age
3. Sure we gonna get back our CPF. Question is when? First its 55 yesrs old. Now 67 years old. Next? 70 yesrs old?
4. Then give us an option to manage our own money for those who can and want to
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2. Not really. Developed countries govt securities are the most liquid stuff in this world, other than cash of course. Yes even if its 30 years, 50 years, 99 years more to maturity.
3. True. Dont depend on CPF anymore. Besides, its likely insufficient. everyone really needs a supplemental retirement plan outside of CPF.
4. true but how to determine who gets such option? very much easier said than done. Ask you send statements for your past 10 years investment track record as proof? Then those who cant qualify to manage their own CPF money, as usual make noise again say govt dont wanna return them their money