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Thread: Annuity Beating CPF Life

  1. #1
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    Default Annuity Beating CPF Life

    http://mycpf.cpf.gov.sg/NR/rdonlyres...ionUnpublished

    Section: 2.1.9 Can I not join CPF Life

    If you have a private annuity paying better than CPF Life, you can choose not to join CPF Life.

    Anyone knows such plans recognized by CPF Board?

    Thanks,
    Richard

  2. #2
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    give me a choice,... i throw that $$ in to physical property and collect rent,... or at least put the $$ into reits.... better and safer than keeping $$ with cpf or any insurance companies...

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    Default Horrible Return for CPF Life

    Section 5.4

    CPF Life Fund will be "invested" in 10-year Singapore Government bond + 1%.

    There is no better way to ensure you cannot beat the inflation. By the time you reach your 80 or 90 years old, your S$1,000 is worth S$300 today's money (assuming 5% inflation for 25 years).

    Thanks,
    Richard

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    Heard that this is compulsory. When must one buy from what age?

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    Quote Originally Posted by ikan bilis
    give me a choice,... i throw that $$ in to physical property and collect rent,... or at least put the $$ into reits.... better and safer than keeping $$ with cpf or any insurance companies...
    do you consider rental yield % when buying?
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  6. #6
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    Quote Originally Posted by roly8
    do you consider rental yield % when buying?
    if you want high yield then go for industrial properties or reits lor...
    at least when die still got a bit of meat left over to next generation...

  7. #7
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    Quote Originally Posted by ikan bilis
    if you want high yield then go for industrial properties or reits lor...
    at least when die still got a bit of meat left over to next generation...
    Little Dried Fish,

    Think you better spend more time thinking how to make your own life comfortable and good first la!

    Feed next generation with enough meat, they become useless, cant fend for themselves.

    DKSG

  8. #8
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    Quote Originally Posted by DKSG
    Little Dried Fish,

    Think you better spend more time thinking how to make your own life comfortable and good first la!

    Feed next generation with enough meat, they become useless, cant fend for themselves.

    DKSG
    then cpf life more suitable for you lor...

  9. #9
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    Quote Originally Posted by DC33_2008
    Heard that this is compulsory. When must one buy from what age?
    At age 55, your special account will be used to pay half of the premium (around S$70k), At age 65, the other half.

    But they did mention if you have private pension paying better than CPF Life, they you are exempted.

    So at age 54, quickly use your special account to buy CPF recognized annuity. Does anyone know such products?

    MuniLife Annuity?

    Thanks,
    Richard

  10. #10
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    Default Children Top Up

    Quote Originally Posted by richwang
    Section 5.4

    CPF Life Fund will be "invested" in 10-year Singapore Government bond + 1%.

    There is no better way to ensure you cannot beat the inflation. By the time you reach your 80 or 90 years old, your S$1,000 is worth S$300 today's money (assuming 5% inflation for 25 years).

    Thanks,
    Richard
    With the Minimum Sum set to raise again, the "solution" will be asking children to top up parents accounts in order to get higher pay out (nominal terms of course).
    It will be very sad to see some of us need children to top up our accounts when we reach the newly defined "golden age" (80?)

    Thanks,
    Richard

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