He is 54 yrs old this year. After reading a few times on CPF Reaching 55 booklet he is still not so clear.
He came to lim kopi with Uncle8888 after someone recommended him to talk to old man.
Uncle8888 helped to explain and illustrate it on the white board. He belongs to one of those CPF Money Not Enough group. Why? For simple reason. He has upgraded to 5-room HDB and still has 9 years of outstanding housing loan. His CPF OA balance is not enough to cover his outstanding housing loan.
He doesn't like the idea of down-grading or renting out one room.
Privacy to him is very important. He has bigger worry now as he has heart illness and currently on long-term medication and may not be eligible for re-employment at 62 based on health reason.
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