CW8888's Tap 1 is something similar to DIY escalating payouts from his CPF OA
Wednesday, 3 August 2016
An option of a CPF LIFE plan with escalating payouts
CW8888's Tap 1 is something similar to DIY escalating payouts from his CPF OA
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Any CPF members with excess fund in their CPF OA can easily DIY their own version CPF Escalating at anytime after 65 and any amounts per annum.
ReplyDeleteGuess too many CPF members bo chap and rather leave it to Cheng Hoo but cow peh cow boo.
Come come. Show how to DIY for coffee at ToastBox. LOL!
temperament,
ReplyDeleteCan't remember where I read it, but I think if we live beyond 85 we "benefit".
If we go sell salted eggs before 85, then we are subsidising those with longer lives than us.
It's the reverse of Life insurance. Those with long lives are subsidising those who go sell salted eggs early.
Just take a look at the obituaries page. Perhaps its selective perception. I see quite a lot go around 65-70. Retire and go?
So like the Hokkiens say, "Mai tu liao!"
Want to eat, eat.
Want to do, do!
Don't wait till after 65 then you start living ;)
When we start asking the Professionals for advice. How can they suggest simple advice to overcome pressing issue?
ReplyDeleteMust sound like coming out from insider domain skills or knowledge. :-)
temperament,
ReplyDeleteOld ginger spicy ;)
Old ginger more than just spicy. It can remove Wind. Blow away Wind! :-)
ReplyDelete