Page 6 of 34 FirstFirst ... 23456789101116212631 ... LastLast
Results 151 to 180 of 994

Thread: Any Ceiling for contribution of CPF OA?

  1. #151
    Join Date
    Jan 2011
    Posts
    1,081

    Default

    Quote Originally Posted by cbsh38584 View Post
    For consective 3 weeeks, The Sunday times has been highlighting the important as well as the benefit of the CPF scheme.
    As I said many times, you dont have to be a HIGH INCOME earner of 8k to 20k/mth to achieve $1m in your CPF acct by age
    55 to age 57.

    A fresh graduate earning $2500 at age 25 witha yealy 3% increment till age 55 will be able to achieve $1m by age 55 to 57.
    But you need to wisely transfer your CPF-OA (2.5% to 3.5%) to CPF -SA *4% to 5%) every mth or yr. If you dont have
    the financial mean at young age. U still can do it when you financial status improve. Dont need it when your min full retirement sum
    is reached (now $161k) around age ate 40s. Do it as young as possible.

    If U think that CPF life is not a attractive scheme by the govt. Just set aside the min FRS ($161k now) or even the very basic retirement
    sum ($80.5k now ) with your 2-4rm HDB flat pledge. Not the Enhanced FRS (now $241k). The rest just leave to to earn between 2.5% to 4%
    at OA & SA.

    Some of them using CPF as
    =====================
    1. For Children local university (age 18 onward). The parent will hv to VC early at early age of 1 to 5.

    2. For Children housing especially if they happen to marry early. The parent will hv to VC early at early age of 1 to 5.

    3. For their children emergency fund in case when they grow up & decide to self employed & happen to be struggling.
    At least they still have CPF in their acct which will SNOWBALL into hundred of thousand at age >30+.

    4. Want to retire with $1m at age 55 to 60. RETIRED . HELLO PENSION. GOODBYE TENSION.

    5. Legacy for KIDS as reported in today SUNDAY TIMES.


    Pls plan & wisely manage your CPF at your comfort level. Dont drag it. SO DID THE WELL AHEAD BEFORE YOU ARE THIRSTY.

    Procastination is the grave in which opportunity is buried.


    Action is the measured of intelligence by NAPOLEAN


    RETIRED. HELLO PENSION. GOODBYE TENSION












    Considerations on How To Manage Your CPF Money when young - Purchase Properties (HDB or private) with CPF money
    =============================================================================================
    If u are temporary Ignorant about CPF snowball compounding interest of 4-5% when very young is not a problem . The real problem is most people remains ignorant for
    really very long time until it is too late (>age 50) . The worst is that his ignorant about CPF snowball compounding interest of 4-5% continue to his grown up children which
    they also dont bother about it.


    Let say for whatever reason you still want to use CPF OA for housing even though you have the financial capablilty to use CASH. Or maybe you prefer to CPF-OA (35% ) to invest
    into a higher risk higher return investment as 2.5% seem to be very very easy to BEAT. But not many CPF investors are able to beat 2.5%.


    Let say at age 35. Both of you (Husband /wife) have a combine CPF-OA (2.5-3.5%) of $200k. Maybe CPF-SA (4-5%) est 35k each.
    HDB housing loan 300k @2.6%. So monthly payment using CPF-OA est $1360.


    1. How you manage your transfer of your CPF-OA to CPF-SA.
    Leave $33k (2 yrs loan amt ) of your combine CPF-OA for your HDB housing loan . The rest consider transfer the balance from
    CPF-OA to CPF-SA to meet the full retirement sum (now 161k) as young as possible.



    2. Or leave $66k ( 4 yrs loan amt) or your combine CPF-OA for your housing loan. The rest consider transfer the bal from
    CPF-OA to CPF-SA to meet the full retirement sum (now 161k) as young as possible.



    You can do the same as your private ppty at your comfort level. If you dont have a plan to prepare for your retirement & you screw it up when young.
    You are likely to plan to fail.

  2. #152
    Join Date
    May 2012
    Posts
    4,035

    Default

    Just to note that a person say at 35 years old with 100,000 in CPF SA today saving 1200 per month throughout 30 years can indeed achieve 1.1mil.

    But 1.1 million 30 years later is equal to 600k today (2% inflation throughout), or 350k today (4% inflation). Much still depends on the economic policies.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #153
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Quote Originally Posted by Kelonguni View Post
    Just to note that a person say at 35 years old with 100,000 in CPF SA today saving 1200 per month throughout 30 years can indeed achieve 1.1mil.

    But 1.1 million 30 years later is equal to 600k today (2% inflation throughout), or 350k today (4% inflation). Much still depends on the economic policies.
    Correction, official inflation 2 to 4 %, unofficial inflation is a lot more. Money printing since 2008 is even more.

    Jun 2006 can use 108,000 to downpayment for 2 Bedroom at Southbank @ 535,000

  4. #154
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    minority,

    Oh ho ho, now you finally admit that just because you think you pay interest to people for locking in their CPF money of $161k from 55 years old to 65 years old, then you can start to DON'T pay interest from 65 years old for their $250k until they die at or before 80 years old and even start taking money away from their CPF Life???

    minority, you lied! Caught you lying again!
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  5. #155
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    Oh no no, more lies from you again?!!!!!!!!!!!!!

    Buy annuity from insurance company???

    Can you tell us:
    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    What is "bethrow amount"? I have never heard of that before! Ha ha ha! "bethrow"? Or is it CPF Life members get "beheaded" (or chop carrot-head)?

    CPF Life is so big that instead of buying annuity from another insurance company, CPF Life members can basically insure each other so that those who live shorter life compensate those who live longer, that is already an "annuity", and a cheaper option than buying annuity from another company, so why still need to pay premiums to buy "annuity" from an unknown insurance company?
    Don't come bullshit lah!

    No answers to all the above questions? See, more lies exposed! Caught u again cherry picking facts to bullshit and lie!!!!

    Quote Originally Posted by minority View Post
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    Quote Originally Posted by teddybear View Post
    minority,

    CPF Life payout until death? Oh ho ho, don't come bullshit again! Why not you tell us the truth about "pay out until death"?
    About 50% of men can only live till 80 years old, and they not only will NOT get paid any more interest from 65 years old onwards but they will have their CPF Life capital deducted by CPF if they die at or before 80 years old! So sickening! Still dare to tell half-truth that CPF Life pays 4% interest!

    minority,
    tell us, how many people will get 4% interest from their CPF Life's fund?
    Ok, correct me if I am wrong:
    (1) About 1% of men will get 4% interest from CPF Life.
    (2) About 50% of men will have to pay CPF interests for dying at 80 years old or younger.
    (3) About 49% of men will probably get interests of only 1.x% for all their money in their CPF Life as most will die younger than 93 years old.


    Look at the statistics and figures above, seems that there are a lot of profits that CPF can made indeed!
    Is this the real reason why they refused to create a separate financial account that need audits for CPF Life?

    The above just show that you, minority, lied! Caught you lying again!
    Last edited by teddybear; 07-09-16 at 23:09.

  6. #156
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    So many days already and you still have NO answers to our questions on your assertion that CPF Life buying annuity from insurance company?

    Ha ha ha! Lies exposed and no way to answer to cover it up is it?

    Quote Originally Posted by teddybear View Post
    minority,

    Oh no no, more lies from you again?!!!!!!!!!!!!!

    Buy annuity from insurance company???

    Can you tell us:
    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    What is "bethrow amount"? I have never heard of that before! Ha ha ha! "bethrow"? Or is it CPF Life members get "beheaded" (or chop carrot-head)?

    CPF Life is so big that instead of buying annuity from another insurance company, CPF Life members can basically insure each other so that those who live shorter life compensate those who live longer, that is already an "annuity", and a cheaper option than buying annuity from another company, so why still need to pay premiums to buy "annuity" from an unknown insurance company?
    Don't come bullshit lah!

    No answers to all the above questions? See, more lies exposed! Caught u again cherry picking facts to bullshit and lie!!!!
    Quote Originally Posted by minority View Post
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!

  7. #157
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    don't come and talk cock sing song lah.

    why u never mention the betroth on death before 80? why u never mention payment is till death? if the guy lived to 95 how? Why u never mention initial sum is 161. in the end 251 is lock in as a annuity? why u selective pick 80 yrs and ignore the rest? Coz u are out to deceive.

    and CPF provide annuity how they do it? it have to be parked into some form of investment that guarantee the risk the people have . i.e like a insurance annuity . so u mean u buy a annuity outside u can get more gain ? SO PLS SHOW US LEH!! U CAN GET BETTER DEAL THEN CPF ON ANNUITY!!!! AT NO RISK AT ALL!! PLS SHOW US !!!

    DONT COME AND BULLSHIT CHEERRY PICK YOUR SHIT HERE LAH!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  8. #158
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    You the one who first claimed that CPF buys annuity using CPF Life money from insurance company. Now you trying to avoid my questions regarding your suspicious claim?

    Quote Originally Posted by minority View Post
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    Then come more lies, bullshit, false accusations, more half-truths and beat around the bush to avoid answering questions that poke holes in your claims again?

    If you don't know how annuity works and why the average return and payout should be closely related to average age or average life-span of men and women, please ask, don't just lie without understanding all about annuity just to cover up hard-truth and facts about poor return paid by CPF Life after a person pass 65 years old...............

    Quote Originally Posted by minority View Post
    don't come and talk cock sing song lah.

    why u never mention the betroth on death before 80? why u never mention payment is till death? if the guy lived to 95 how? Why u never mention initial sum is 161. in the end 251 is lock in as a annuity? why u selective pick 80 yrs and ignore the rest? Coz u are out to deceive.

    and CPF provide annuity how they do it? it have to be parked into some form of investment that guarantee the risk the people have . i.e like a insurance annuity . so u mean u buy a annuity outside u can get more gain ? SO PLS SHOW US LEH!! U CAN GET BETTER DEAL THEN CPF ON ANNUITY!!!! AT NO RISK AT ALL!! PLS SHOW US !!!

    DONT COME AND BULLSHIT CHEERRY PICK YOUR SHIT HERE LAH!

    Quote Originally Posted by teddybear View Post
    minority,

    Oh no no, more lies from you again?!!!!!!!!!!!!!

    Buy annuity from insurance company???

    Can you tell us:
    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    What is "bethrow amount"? I have never heard of that before! Ha ha ha! "bethrow"? Or is it CPF Life members get "beheaded" (or chop carrot-head)?

    CPF Life is so big that instead of buying annuity from another insurance company, CPF Life members can basically insure each other so that those who live shorter life compensate those who live longer, that is already an "annuity", and a cheaper option than buying annuity from another company, so why still need to pay premiums to buy "annuity" from an unknown insurance company?
    Don't come bullshit lah!

    No answers to all the above questions? See, more lies exposed! Caught u again cherry picking facts to bullshit and lie!!!!
    Last edited by teddybear; 12-09-16 at 00:43.

  9. #159
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default Caught minority lying again (with evidence)!!!!!!!!!!!

    Again, after catching minority lying through his teeth about CPF Life, he will keep quiet and don't answer our questions as though nothing happened.........

    but we can expect that he will be back again with more bullshit, lies, half-truths again......................

    Don't think minority or anybody else can answer the following questions if CPF really bought annuity from insurance company for CPF Life?:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    However, all these are the most pertinent questions regarding how CPF manages CPF Life, determines the payout, how much accumulated unpaid reserves there are in CPF Life etc! As of now, CPF Life seems to be a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc???????

    Quote Originally Posted by teddybear View Post
    minority,

    You the one who first claimed that CPF buys annuity using CPF Life money from insurance company. Now you trying to avoid my questions regarding your suspicious claim?


    Then come more lies, bullshit, false accusations, more half-truths and beat around the bush to avoid answering questions that poke holes in your claims again?

    If you don't know how annuity works and why the average return and payout should be closely related to average age or average life-span of men and women, please ask, don't just lie without understanding all about annuity just to cover up hard-truth and facts about poor return paid by CPF Life after a person pass 65 years old...............

    Quote Originally Posted by minority
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    Last edited by teddybear; 15-09-16 at 21:04.

  10. #160
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    Again, after catching minority lying through his teeth about CPF Life, he will keep quiet and don't answer our questions as though nothing happened.........

    but we can expect that he will be back again with more bullshit, lies, half-truths again......................

    Don't think minority or anybody else can answer the following questions if CPF really bought annuity from insurance company for CPF Life?:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    However, all these are the most pertinent questions regarding how CPF manages CPF Life, determines the payout, how much accumulated unpaid reserves there are in CPF Life etc! As of now, CPF Life seems to be a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc???????

    Then with your GOD LIKE BULLSHIT Can you explain how CPF LEAVE THE MONEY IN A fix instrument mediate the risk? people who dies before 80 and live to 95? WHY YOU NEVER MENTION THOSE? you cherry pick your cray and claim it facts?

    WAT A LOAD OF LIES AND BULLSHIT WHAT DO YOU EXPECT FROM U?????
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  11. #161
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,
    Why you are bullshitting about everything else except answering the questions regarding the claim you made:

    Quote Originally Posted by minority
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    Since we don't know that those money in CPF Life is used to buy annuity from insurance company except you, then could you tell us:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    How CPF manages CPF Life and provides the payout? We have no idea, so need to ask you since you know so much.
    We can only guess that CPF Life is like an annuity program itself and CPF uses money in CPF Life to invest and made payout, and it is like using money of Peter (who live shorter life) to pay Paul (who say happen to live longer life). So, I thought CPF Life members are cross-insuring each other and no insurance company is involved. So, how can what you said about CPF Life buying annuity from insurance company be true?
    However, the sad truth is that if a man live till average age of 80 years old, CPF Life you NOTHING more than you put in at 65 years old and instead deduct money from your account! In this case, there must have been a lot of accumulated unpaid reserves in CPF Life right?
    As of now, CPF Life seems to be like a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc to ensure that it is correct and no mistake made???????


    Quote Originally Posted by minority View Post
    Then with your GOD LIKE BULLSHIT Can you explain how CPF LEAVE THE MONEY IN A fix instrument mediate the risk? people who dies before 80 and live to 95? WHY YOU NEVER MENTION THOSE? you cherry pick your cray and claim it facts?

    WAT A LOAD OF LIES AND BULLSHIT WHAT DO YOU EXPECT FROM U?????
    Quote Originally Posted by teddybear View Post
    Again, after catching minority lying through his teeth about CPF Life, he will keep quiet and don't answer our questions as though nothing happened.........

    but we can expect that he will be back again with more bullshit, lies, half-truths again......................

    Don't think minority or anybody else can answer the following questions if CPF really bought annuity from insurance company for CPF Life?:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    However, all these are the most pertinent questions regarding how CPF manages CPF Life, determines the payout, how much accumulated unpaid reserves there are in CPF Life etc! As of now, CPF Life seems to be a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc???????
    Last edited by teddybear; 16-09-16 at 20:27.

  12. #162
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default


  13. #163
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default


  14. #164
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default


  15. #165
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    CPF life 2008.

  16. #166
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default


  17. #167
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Very basic and simple way to explain CPF Life.

  18. #168
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    Still never explain what we want to know:
    - Where is the CPF Life financial account?
    - Did CPF really buy annuity from insurance company for CPF Life members? If so, which company, how much etc?
    - Why you get negative return for your CPF Life money (after 65 years old) even when you can live till average life-span?
    - How much accumulated unpaid reserves are there now in CPF Life?

    Quote Originally Posted by Arcachon View Post
    Very basic and simple way to explain CPF Life.

  19. #169
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    The lying minority has gone into hiding after exposing his lie again which he can't answer without us catching him spinning more lies??????????

    Quote Originally Posted by teddybear View Post
    minority,
    Why you are bullshitting about everything else except answering the questions regarding the claim you made:



    Since we don't know that those money in CPF Life is used to buy annuity from insurance company except you, then could you tell us:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    How CPF manages CPF Life and provides the payout? We have no idea, so need to ask you since you know so much.
    We can only guess that CPF Life is like an annuity program itself and CPF uses money in CPF Life to invest and made payout, and it is like using money of Peter (who live shorter life) to pay Paul (who say happen to live longer life). So, I thought CPF Life members are cross-insuring each other and no insurance company is involved. So, how can what you said about CPF Life buying annuity from insurance company be true?
    However, the sad truth is that if a man live till average age of 80 years old, CPF Life you NOTHING more than you put in at 65 years old and instead deduct money from your account! In this case, there must have been a lot of accumulated unpaid reserves in CPF Life right?
    As of now, CPF Life seems to be like a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc to ensure that it is correct and no mistake made???????

  20. #170
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    The lying minority has gone into hiding after exposing his lie again which he can't answer without us catching him spinning more lies??????????
    expose lie? YOUR F**KING BULLSGHIT CRAP? WHY DONT YOU ANSWER WHY YOU CHEER PICK THE DATES TO PEPERTRATE YOUR BULLSHIT???

    WHY NEVER TALK ABOUT BETROTH FOR DEATH BEFORE 80? WHY NEVER TALK ABOUT LIFE PAYOUT TILL DEATH WHICH CAN BE BEYOND 80.

    SO DONT COME AND TELL ME ABOUT LIES LAH. YOU ARE THE BLOODY NO.! LIAR..

    you think LIM PAY SO FREE TO KEEP READING YOUR BULL... I rather spend my time making $$ From APPLE THEN COME READ YOUR LIES.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  21. #171
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    minority,
    Why you are bullshitting about everything else except answering the questions regarding the claim you made:



    Since we don't know that those money in CPF Life is used to buy annuity from insurance company except you, then could you tell us:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    How CPF manages CPF Life and provides the payout? We have no idea, so need to ask you since you know so much.
    We can only guess that CPF Life is like an annuity program itself and CPF uses money in CPF Life to invest and made payout, and it is like using money of Peter (who live shorter life) to pay Paul (who say happen to live longer life). So, I thought CPF Life members are cross-insuring each other and no insurance company is involved. So, how can what you said about CPF Life buying annuity from insurance company be true?
    However, the sad truth is that if a man live till average age of 80 years old, CPF Life you NOTHING more than you put in at 65 years old and instead deduct money from your account! In this case, there must have been a lot of accumulated unpaid reserves in CPF Life right?
    As of now, CPF Life seems to be like a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc to ensure that it is correct and no mistake made???????


    DONT CHANGE THE QUESTION LAH! WHY YOU CHEERY PICK DATES TO LIE SAY CPF LIFE BUYERS LOST MONEY?? YOU F**KING LIAR!!!!!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  22. #172
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    http://dollarsandsense.sg/is-the-cpf...ally-that-bad/

    The CPF Lifelong Income For the Elderly (CPF LIFE) Scheme and the Minimum Sum (MS) comes as a retirement package made compulsory for Singaporeans.
    DollarsAndSense.sg evaluates this scheme from two different perspectives:

    Pension
    Investment
    Assumptions:

    1) Drawdown age remains at 65 years old

    2) Payout remains at S$1,200

    3) Current interest rates of CPF will remain unchanged

    4) The minimum sum of S$155,000 is attained at age 55 years old

    5) Life expectancy based on World Bank is at 82.1 years old

    6) Ten year average inflation based on World Bank at 2.73%

    Results:

    1) The amount accumulated at age 65 is approximately S$216,000

    2) The effective interest rate is 3.32% per year

    3) It takes 21 years and 4 months to completely wipe out the S$216,000

    4) There will still be S$67,100 in the CPF, when an individual survives until 82.1 years old

    AS A PENSION:

    1) The drawdown will last way past the average life expectancy

    Even if CPF LIFE does not pay perpetuity, it will last until age 86 (65yrs+21yrs 4mns) years old. This means that as a pension fund, it has provisioned for the potential increment of life expectancy and continuously providing at a constant S$1,200/month to allow the individual to make long-term personal financial planning.

    2) You will have a sizable sum left over for your beneficiaries

    If an individual were to meet the life expectancy of 82.1 years old, there would still be a sum of S$67,100 bequeathed to their children or beneficiaries.

    The prowess of the compounding effect allows individual to continuously earn interest rates throughout these years on the initial S$155,000. This explains why they can have such a sizable amount even at age 82.1 years old for their beneficiaries.

    Definitely, if the individual lives way pass 86 years old, he/she should not expect any amount bequeathed to their beneficiaries due to the simple fact that they have exhausted the money in their CPF accounts.

    3) Perpetuity!

    CPF LIFE provides a monthly payout starting from your drawdown age (65 years old) for as long as you live. Our government has finally provided a loophole for us to “take advantage” of them. Live as long as possible to continuously receive that S$1,200 −FOREVER!

    Conclusion as a Pension

    The CPF Board has taken upon its shoulders to pay a relatively fixed amount per month for as long as the individual lives. It provides a constant cash flow and allows for appropriate personal finance management. This is equivalent to purchasing a perpetual bond that pays a monthly fixed amount. The advantage: Our Aaa rated government guarantees this.

    AS AN INVESTMENT:

    (For the more finance-savvy people)

    A) The Net Present Value of CPF LIFE is S$10,000 (if perpetuity is excluded)

    Future Value (Age 65): S$215,994

    Periods: 10 years

    Discount rate: 2.73%

    Present value: S$165,002

    Initial investment: S$155,000

    Net present value (NPV): S$10,002

    The discount rate should reflect a few factors (inflation, credit risk, liquidity risk, maturity risk, risk-free rate, etc.). However, to keep things simple we will peg it to the inflation rate due to the fact that other risks are not significant with respect to CPF LIFE anyway.

    We took the 10-year average inflation rate, from 2003 to 2013, as an input. This provides a NPV of S$10,002.

    B) The Net Present Value of CPF LIFE is over S$372,000 (if perpetuity is included)

    Perpetual monthly payout: S$1,200

    Perpetual annual payout: S$14,400

    Discount rate: 2.73%

    Present value: S$527,473

    Initial Investment: S$155,000

    Net present value (NPV): S$372,473

    The 10, 20 and 30-year average inflation rates are 2.73%, 1.89% and 1.84% respectively. We took the most conservative inflation rate of 2.73% as the discount rate.

    CPF LIFE would yield a net present value of S$372,473!

    C) CPF LIFE > comparable securities!

    Table 1

    Length of SGS Bond 10-Year 15-Year 20-Year 30-Year
    Coupon Rate 3.000% 2.875% 3.375% 2.750%
    Yield at
    2-Jan-15 2.33% 2.66% 2.83% 2.93%
    5-Jan-15 2.31% 2.65% 2.79% 2.89%
    6-Jan-15 2.25% 2.56% 2.72% 2.81%
    7-Jan-15 2.16% 2.46% 2.62% 2.70%
    8-Jan-15 2.17% 2.48% 2.62% 2.70%
    9-Jan-15 2.17% 2.44% 2.57% 2.65%
    Average yield 2.23% 2.54% 2.69% 2.78%
    (Source: Monetary Authority of Singapore)

    Table 1 shows comparable securities with CPF LIFE. The average yield range from 2.23% to 2.78% per annum for the 10-30 year Singapore Government Securities while the effective interest rate for CPF LIFE is 3.32% per year.

    Furthermore, CPF LIFE provides for liquidity because they will provide a monthly payout. This reduces the duration and convexity risk inherent in all fixed income securities.

    Conclusion as an Investment

    We cannot reject the CPF LIFE “project”. However, the consolation is that CPF LIFE provides a high NPV of S$372,473. When compared to similar securities, the pension outrightly overshadows them with a much higher effective interest rate. To top it all off, CPF LIFE provides for monthly payouts as well.

    In a nutshell

    The government is not going to be responsible for our daily expenses and personal finance planning. There are over 5.4 million people in Singapore and 3+ million Singapore residents, so do not expect them to “babysit” us when we get older.

    CPF LIFE should not be your ONLY retirement plan. You should always have multiple sources of income streams and always reduce your expenses from wants to needs. Having said that, do remember to pamper yourself once in a while!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  23. #173
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Very good, I like.

    But if bank can loan me money I will still buy property.

  24. #174
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    You are the one cherry picking so as to create a web of lies isn't it?
    First you refused to answer our below questions to clarify on your claim:

    Quote Originally Posted by minority
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    By refusing to answer questions on your claim, we can safely presume that what you CLAIMED is a LIE right?!

    Then, you mentioned about "BETROTH for death before 80", and I am asking you again, what is "BETROTH"?
    I check Dictionary and it said: "betroth - formally engage (someone) to be married.".
    So what has "BETROTH" to do with CPF Life here???

    So you get exposed with you lies and now come up with so many excuses to justify why you don't need to answer to your lies???

    Quote Originally Posted by minority View Post
    expose lie? YOUR F**KING BULLSGHIT CRAP? WHY DONT YOU ANSWER WHY YOU CHEER PICK THE DATES TO PEPERTRATE YOUR BULLSHIT???

    WHY NEVER TALK ABOUT BETROTH FOR DEATH BEFORE 80? WHY NEVER TALK ABOUT LIFE PAYOUT TILL DEATH WHICH CAN BE BEYOND 80.

    SO DONT COME AND TELL ME ABOUT LIES LAH. YOU ARE THE BLOODY NO.! LIAR..

    you think LIM PAY SO FREE TO KEEP READING YOUR BULL... I rather spend my time making $$ From APPLE THEN COME READ YOUR LIES.
    Quote Originally Posted by teddybear View Post
    minority,
    Why you are bullshitting about everything else except answering the questions regarding the claim you made:



    Since we don't know that those money in CPF Life is used to buy annuity from insurance company except you, then could you tell us:

    1) Which insurance company CPF Life buys annuity from?
    2) Did CPF open a call-for-tender to get the best annuity deal from all insurance companies available for CPF Life members?
    3) How much CPF is paying to buy the annuity for men, women, and for different age groups?
    4) How much interest is the annuity paying for a person who can live till average age of 80 years old? What is the difference between men and women?
    5) Where is the financial report for CPF Life which dictates how much annuity premiums paid per year, how much accumulated unpaid reserves etc in CPF Life over the years (because of low CPF Life payout amount)?

    How CPF manages CPF Life and provides the payout? We have no idea, so need to ask you since you know so much.
    We can only guess that CPF Life is like an annuity program itself and CPF uses money in CPF Life to invest and made payout, and it is like using money of Peter (who live shorter life) to pay Paul (who say happen to live longer life). So, I thought CPF Life members are cross-insuring each other and no insurance company is involved. So, how can what you said about CPF Life buying annuity from insurance company be true?
    However, the sad truth is that if a man live till average age of 80 years old, CPF Life you NOTHING more than you put in at 65 years old and instead deduct money from your account! In this case, there must have been a lot of accumulated unpaid reserves in CPF Life right?
    As of now, CPF Life seems to be like a black-box, and its financial account is a state secret? Does CPF Life even have audit on its account etc to ensure that it is correct and no mistake made???????

  25. #175
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    Don't come to try to mislead people with long essays and quote below sentences to mislead people:

    "1) The amount accumulated at age 65 is approximately S$216,000
    2) The effective interest rate is 3.32% per year
    "

    And come trying to bluff Singaporeans as though all are idiots!
    FACT is, a man who can live till 80 years old only will only get effective interest rate of -0.8% (yes NEGATIVE!) from 65 years old onwards!

    If you still want to argue that above is not TRUE, then please show us the calculation to proof that the effective return/interest for a man getting $1300 pm payout from 65 years old to 80 years old is not NEGATIVE!


    Quote Originally Posted by minority View Post
    http://dollarsandsense.sg/is-the-cpf...ally-that-bad/

    The CPF Lifelong Income For the Elderly (CPF LIFE) Scheme and the Minimum Sum (MS) comes as a retirement package made compulsory for Singaporeans.
    DollarsAndSense.sg evaluates this scheme from two different perspectives:

    Pension
    Investment
    Assumptions:

    1) Drawdown age remains at 65 years old

    2) Payout remains at S$1,200

    3) Current interest rates of CPF will remain unchanged

    4) The minimum sum of S$155,000 is attained at age 55 years old

    5) Life expectancy based on World Bank is at 82.1 years old

    6) Ten year average inflation based on World Bank at 2.73%

    Results:

    1) The amount accumulated at age 65 is approximately S$216,000

    2) The effective interest rate is 3.32% per year

    3) It takes 21 years and 4 months to completely wipe out the S$216,000

    4) There will still be S$67,100 in the CPF, when an individual survives until 82.1 years old

    AS A PENSION:

    1) The drawdown will last way past the average life expectancy

    Even if CPF LIFE does not pay perpetuity, it will last until age 86 (65yrs+21yrs 4mns) years old. This means that as a pension fund, it has provisioned for the potential increment of life expectancy and continuously providing at a constant S$1,200/month to allow the individual to make long-term personal financial planning.

    2) You will have a sizable sum left over for your beneficiaries

    If an individual were to meet the life expectancy of 82.1 years old, there would still be a sum of S$67,100 bequeathed to their children or beneficiaries.

    The prowess of the compounding effect allows individual to continuously earn interest rates throughout these years on the initial S$155,000. This explains why they can have such a sizable amount even at age 82.1 years old for their beneficiaries.

    Definitely, if the individual lives way pass 86 years old, he/she should not expect any amount bequeathed to their beneficiaries due to the simple fact that they have exhausted the money in their CPF accounts.

    3) Perpetuity!

    CPF LIFE provides a monthly payout starting from your drawdown age (65 years old) for as long as you live. Our government has finally provided a loophole for us to “take advantage” of them. Live as long as possible to continuously receive that S$1,200 −FOREVER!

    Conclusion as a Pension

    The CPF Board has taken upon its shoulders to pay a relatively fixed amount per month for as long as the individual lives. It provides a constant cash flow and allows for appropriate personal finance management. This is equivalent to purchasing a perpetual bond that pays a monthly fixed amount. The advantage: Our Aaa rated government guarantees this.

    AS AN INVESTMENT:

    (For the more finance-savvy people)

    A) The Net Present Value of CPF LIFE is S$10,000 (if perpetuity is excluded)

    Future Value (Age 65): S$215,994

    Periods: 10 years

    Discount rate: 2.73%

    Present value: S$165,002

    Initial investment: S$155,000

    Net present value (NPV): S$10,002

    The discount rate should reflect a few factors (inflation, credit risk, liquidity risk, maturity risk, risk-free rate, etc.). However, to keep things simple we will peg it to the inflation rate due to the fact that other risks are not significant with respect to CPF LIFE anyway.

    We took the 10-year average inflation rate, from 2003 to 2013, as an input. This provides a NPV of S$10,002.

    B) The Net Present Value of CPF LIFE is over S$372,000 (if perpetuity is included)

    Perpetual monthly payout: S$1,200

    Perpetual annual payout: S$14,400

    Discount rate: 2.73%

    Present value: S$527,473

    Initial Investment: S$155,000

    Net present value (NPV): S$372,473

    The 10, 20 and 30-year average inflation rates are 2.73%, 1.89% and 1.84% respectively. We took the most conservative inflation rate of 2.73% as the discount rate.

    CPF LIFE would yield a net present value of S$372,473!

    C) CPF LIFE > comparable securities!

    Table 1

    Length of SGS Bond 10-Year 15-Year 20-Year 30-Year
    Coupon Rate 3.000% 2.875% 3.375% 2.750%
    Yield at
    2-Jan-15 2.33% 2.66% 2.83% 2.93%
    5-Jan-15 2.31% 2.65% 2.79% 2.89%
    6-Jan-15 2.25% 2.56% 2.72% 2.81%
    7-Jan-15 2.16% 2.46% 2.62% 2.70%
    8-Jan-15 2.17% 2.48% 2.62% 2.70%
    9-Jan-15 2.17% 2.44% 2.57% 2.65%
    Average yield 2.23% 2.54% 2.69% 2.78%
    (Source: Monetary Authority of Singapore)

    Table 1 shows comparable securities with CPF LIFE. The average yield range from 2.23% to 2.78% per annum for the 10-30 year Singapore Government Securities while the effective interest rate for CPF LIFE is 3.32% per year.

    Furthermore, CPF LIFE provides for liquidity because they will provide a monthly payout. This reduces the duration and convexity risk inherent in all fixed income securities.

    Conclusion as an Investment

    We cannot reject the CPF LIFE “project”. However, the consolation is that CPF LIFE provides a high NPV of S$372,473. When compared to similar securities, the pension outrightly overshadows them with a much higher effective interest rate. To top it all off, CPF LIFE provides for monthly payouts as well.

    In a nutshell

    The government is not going to be responsible for our daily expenses and personal finance planning. There are over 5.4 million people in Singapore and 3+ million Singapore residents, so do not expect them to “babysit” us when we get older.

    CPF LIFE should not be your ONLY retirement plan. You should always have multiple sources of income streams and always reduce your expenses from wants to needs. Having said that, do remember to pamper yourself once in a while!

  26. #176
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    minority,

    Don't come to try to mislead people with long essays and quote below sentences to mislead people:

    "1) The amount accumulated at age 65 is approximately S$216,000
    2) The effective interest rate is 3.32% per year
    "

    And come trying to bluff Singaporeans as though all are idiots!
    FACT is, a man who can live till 80 years old only will only get effective interest rate of -0.8% (yes NEGATIVE!) from 65 years old onwards!

    If you still want to argue that above is not TRUE, then please show us the calculation to proof that the effective return/interest for a man getting $1300 pm payout from 65 years old to 80 years old is not NEGATIVE!

    Why not u show us its not true? Why not u go take it up with the finaincial site? Dont talk cock and where you dont show any facts. Dont come peddle your bullshit crap.

    Why cant u answer why you cherry pick the date? why u never mention there is betroth ? why u never count or say there are continue payment till death ?

    So dont come bullshit and lie lah... What a F***
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  27. #177
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    minority,

    Don't come with all your bullshit and lies!
    I had already shown you the calculation many days ago to prove to you that what I said is a FACT:

    Quote Originally Posted by teddybear View Post
    minority,
    You could use the calculator on this webpage to help you calculate your CPF Life annuity return (no talk only and no bullshit here):
    http://www.investopedia.com/calculator/arannuity.aspx

    Present Value ($) = 251000 (CPF Retirement Account at 65 years old assuming you have $161,000 at 55 years old)
    Payment ($) = 1300 (monthly payout for men)
    Time Period = 180 (in months or 15 years till 80 years old)
    CPF Payout return (assuming a man can live till 80 years old) = -0.94% (NEGATIVE INTEREST RATE, NOT HIGH INTEREST RATE!)

    OK, so minority, you are saying that government is "helping" Singaporeans by taking away their retirement money from their CPF Life (hence resulting in NEGATIVE return) if they can only live till 80 years old (about 50% of men) is it????
    Is this the reason why they need to keep increasing CPF Min Sum saying it is not enough?
    And this is the 3rd time I am asking you: "What is betroth?"
    I check dictionary and it said: "betroth - to arrange for the marriage of". So how is it related to CPF Life you are saying???

    So, all these comments you made FIT YOU very well indeed!!!
    Dont talk cock and where you dont show any facts. Dont come peddle your bullshit crap.

    So dont come bullshit and lie lah... What a F***
    Quote Originally Posted by minority View Post
    Why not u show us its not true? Why not u go take it up with the finaincial site? Dont talk cock and where you dont show any facts. Dont come peddle your bullshit crap.

    Why cant u answer why you cherry pick the date? why u never mention there is betroth ? why u never count or say there are continue payment till death ?

    So dont come bullshit and lie lah... What a F***

  28. #178
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    minority,

    Don't come with all your bullshit and lies!
    I had already shown you the calculation many days ago to prove to you that what I said is a FACT:






    And this is the 3rd time I am asking you: "What is betroth?"
    I check dictionary and it said: "betroth - to arrange for the marriage of". So how is it related to CPF Life you are saying???

    So, all these comments you made FIT YOU very well indeed!!!

    This show the kind of worm you are.

    1. Your calculation is rigged for your stupid bullshit agenda. why you pick that age? why never consider the bequest? why never consider people who live beyond 80?
    2. bequest for you . you know exactly what it is but u choose to beat ard the bush with your bullshit lies.

    Come answer the question straight up stop running ard in circles . BUT THEN ITS EXPECTED FROM A PATOLOGICAL LIAR AND CHEAT.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

  29. #179
    teddybear's Avatar
    teddybear is offline Global recession is coming....
    Join Date
    Mar 2009
    Posts
    10,800

    Default minority, you repeated 3 times talking about "betroth" for CPF Life!

    minority,

    1. Don't come again your stupid bullshit agenda and parroting again the usual statement to mislead people.
    Obviously for men, I only consider age of 80 because that is the average life-span for men in Singapore! You think we are like YOU, anyhow bullshit without even knowing what you are talking about?!

    2. minority, you repeated 3 times talking about "betroth" but actually now then you realize you actually want to refer to "bequest"?
    Oh my god! You must have been a real financial idiot! And you have the cheek to assume people like me know what you are talking about when you mention "betroth"!
    And by the way, for "annuity" programme, "bequest" is supposed to be ZERO once you hit the average age (80 for men, 85 for women), so obviously "bequest = $0"! Understand? (I won't be surprise if you don't, since you are the financial idiot!)

    Since you are a financial idiot, no wonder you can't provide evidence and calculations to back up your CLAIM, because your claim is just anyhow CLAIM and BULLSHIT! No wonder you can't even understand why I use age of 80 for calculating men's average CPF Life return! OMG!!!!!!!!!!!!!!

    3. All the above are concrete evidence that you are the REAL PATOLOGICAL LIAR AND CHEAT, bullshitting without understanding what you are talking about!!!!!!!!!!!!!!

    4. So, I am correct to state that: ""FACT is, a man who can live till 80 years old will only get effective interest rate of -0.8% (yes NEGATIVE!) from 65 years old onwards!"

    5. If you still want to argue that above is not TRUE, then please show us the calculation to proof that the effective return/interest for a man getting $1300 pm payout from 65 years old to 80 years old is not NEGATIVE! (But I am sure you won't be able to, because you are just lying and bullshitting about your claims!)


    Quote Originally Posted by minority View Post
    This show the kind of worm you are.

    1. Your calculation is rigged for your stupid bullshit agenda. why you pick that age? why never consider the bequest? why never consider people who live beyond 80?
    2. bequest for you . you know exactly what it is but u choose to beat ard the bush with your bullshit lies.

    Come answer the question straight up stop running ard in circles . BUT THEN ITS EXPECTED FROM A PATOLOGICAL LIAR AND CHEAT.
    Quote Originally Posted by teddybear View Post
    minority,

    Don't come with all your bullshit and lies!
    I had already shown you the calculation many days ago to prove to you that what I said is a FACT:

    And this is the 3rd time I am asking you: "What is betroth?"
    I check dictionary and it said: "betroth - to arrange for the marriage of". So how is it related to CPF Life you are saying???

    So, all these comments you made FIT YOU very well indeed!!! :tongu


    Quote Originally Posted by minority
    WHY NEVER TALK ABOUT BETROTH FOR DEATH BEFORE 80? WHY NEVER TALK ABOUT LIFE PAYOUT TILL DEATH WHICH CAN BE BEYOND 80.

    SO DONT COME AND TELL ME ABOUT LIES LAH. YOU ARE THE BLOODY NO.! LIAR..

    you think LIM PAY SO FREE TO KEEP READING YOUR BULL... I rather spend my time making $$ From APPLE THEN COME READ YOUR LIES.
    Quote Originally Posted by minority
    Talk cock again. that money is use do buy a annuity to a insurance company. so the person live to 95 the additional 10 yrs come from where? the person die at 75 there is a bethrow amount why u never mention? Caught u again cherry picking facts to bullshit and lie!!!!
    Last edited by teddybear; 21-09-16 at 19:00.

  30. #180
    Join Date
    Mar 2009
    Posts
    6,134

    Default

    Quote Originally Posted by teddybear View Post
    minority,

    1. Don't come again your stupid bullshit agenda and parroting again the usual statement to mislead people.
    Obviously for men, I only consider age of 80 because that is the average life-span for men in Singapore! You think we are like YOU, anyhow bullshit without even knowing what you are talking about?!

    2. minority, you repeated 3 times talking about "betroth" but actually now then you realize you actually want to refer to "bequest"?
    Oh my god! You must have been a real financial idiot! And you have the cheek to assume people like me know what you are talking about when you mention "betroth"!
    And by the way, for "annuity" programme, "bequest" is supposed to be ZERO once you hit the average age (80 for men, 85 for women), so obviously "bequest = $0"! Understand? (I won't be surprise if you don't, since you are the financial idiot!)

    Since you are a financial idiot, no wonder you can't provide evidence and calculations to back up your CLAIM, because your claim is just anyhow CLAIM and BULLSHIT! No wonder you can't even understand why I use age of 80 for calculating men's average CPF Life return! OMG!!!!!!!!!!!!!!

    3. All the above are concrete evidence that you are the REAL PATOLOGICAL LIAR AND CHEAT, bullshitting without understanding what you are talking about!!!!!!!!!!!!!!

    4. So, I am correct to state that: ""FACT is, a man who can live till 80 years old will only get effective interest rate of -0.8% (yes NEGATIVE!) from 65 years old onwards!"

    5. If you still want to argue that above is not TRUE, then please show us the calculation to proof that the effective return/interest for a man getting $1300 pm payout from 65 years old to 80 years old is not NEGATIVE! (But I am sure you won't be able to, because you are just lying and bullshitting about your claims!)
    Oh you mean every man will die at 80??? WOW you donno the mortality rate of Singaporean male have been moving up? base on the trend and improve in healthcare and awareness people are aging longer? u mean people today at 65 in time cannot live beyond 80 ? PROOF TO ME THE TREND IS WRONG!! YOU BLOODY LIAR..!!

    I guess for you u worry coz u cant even reach 65!!!!
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

    https://www.facebook.com/shutdowntrs

Similar Threads

  1. The power of CPF contribution.
    By star in forum Coffeeshop Talk
    Replies: 9
    -: 01-09-15, 11:39
  2. CPF contribution rates are more than enough to cover housing: Khaw
    By princess_morbucks in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 23-02-14, 22:18
  3. CPF contribution
    By yowetan in forum Coffeeshop Talk
    Replies: 17
    -: 21-04-13, 15:22
  4. just pay my tax and come the medisave contribution...
    By roly8 in forum Coffeeshop Talk
    Replies: 13
    -: 15-06-12, 08:49

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •