SG Talk

CPF SA is an important part of retirement as it guarantees a return of 4% without riskinvvgbe capital.

The PAP claims that it wants to help Singaporeans to better retire...find jibs behind retirement age etc. 

After much thought, I feel this move to close the CPF SA does not help to reduce risk of retirement inadequacy.

It forces the money into OA which some may end up losing all because they took risks in an effort to get better returns.

If theyvput in the RA, interests goes into common pool. Of you die before age 80 you contribute to but do not benefit from the common. Would you want to take such a risk?

Yes, j have proposed 2 ways people can take out of RA and take out after getting higher returns.  But these carry policy bristle as govt can stop they ways to take out from RA and force you to participate in the community pool.

Hence closing down of SA remove a flexibility that Singaporeans once had to have a safer better retirement.

The move hurts Singaporeans and affect their retirement negatively.

Better give yr hacks proper name now, else later ppl may call them the ah butt ways

It used to be exploited by the very cash rich (very small percentage of the population).
This group of people made use of previous rules to park a lot of cash to earn riskfree 4%, far more than average SG has in OA/SA. Happy that this group is stopped in their track, even if lament closure of SA after 55yo.