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18-03-2023, 04:26 PM
The CPF Life scheme us a safety net for those who live very long. Break even is upwards of 83yos old.
If you die before your interest in the pools heroes to those who live longer.
CPF Life is not a scam. It uses the money of those who die younger to pay for those who live longer.
If u live to be 100 you will benefit greatly...if you live to only 75yo . ..you get some back in bequest interest earned will go to common pool.
If you suspect you will die earlier
1. Use your property as pledge and take all money out of RA leaving only the BRS amount instead of FRS.
2. Chose the CPF Life Basic rather than standard tk maximise bequest.
If you die before your interest in the pools heroes to those who live longer.
CPF Life is not a scam. It uses the money of those who die younger to pay for those who live longer.
If u live to be 100 you will benefit greatly...if you live to only 75yo . ..you get some back in bequest interest earned will go to common pool.
If you suspect you will die earlier
1. Use your property as pledge and take all money out of RA leaving only the BRS amount instead of FRS.
2. Chose the CPF Life Basic rather than standard tk maximise bequest.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
