Is there a forum called forums.cpf.com for you guys to thrash it out???
Anyway can we take it that from 55 to 65 years old the CPF earns ordinary interest rate of 2.5%? Higher than SSB already.
Then 161K becomes 206,674 at 65 years old.
Then applying Investopedia calculator, we have the annuity payout at 0.28% or 3.3% annually approximately plus the "insurance" bequest potential until 85 years old.
Not that bad lah.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.