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07-03-2024, 06:40 PM
When the PAP speaks please.listen carefully.
They want Singaporeans to work longer and retire later.
They have said this many times...so they are serious. Their desire is not for you to retire early ...if can they want you never to retire.
That is why option for people to delay withdrawing from CPF Life to 70yrs old was created.
Now CPF SA is closed so no more high guaranteed interest which people can rely on.
Retirement age increase further.
Cost of living especially food medical transport increase to make retirement unaffordable.
Over time I believe they will sell the concept of not retiring to Singaporeans.
.
They want Singaporeans to work longer and retire later.
They have said this many times...so they are serious. Their desire is not for you to retire early ...if can they want you never to retire.
That is why option for people to delay withdrawing from CPF Life to 70yrs old was created.
Now CPF SA is closed so no more high guaranteed interest which people can rely on.
Retirement age increase further.
Cost of living especially food medical transport increase to make retirement unaffordable.
Over time I believe they will sell the concept of not retiring to Singaporeans.
.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
