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15-02-2015, 08:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Saw in today's Sunday Times on its better to keep the money in CPF. On the basis of the enhanced plan of 240k. It's seems the payout from CPF life is better. Based on 4% interest and with drawdown from 65 onwards, the amount would be 355k, after 10 years, ie age 55 to 65, is able to last 28 years or age 93 years old.
Drawdown amount being S$1750
On the comparison being used, it really seems the payout from CPF life is better, or the plans that is being used to make the comparison, is not the best in this instance......
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?200707-CPF-Life-versus-other-annuity-plans&goto=newpost).
Saw in today's Sunday Times on its better to keep the money in CPF. On the basis of the enhanced plan of 240k. It's seems the payout from CPF life is better. Based on 4% interest and with drawdown from 65 onwards, the amount would be 355k, after 10 years, ie age 55 to 65, is able to last 28 years or age 93 years old.
Drawdown amount being S$1750
On the comparison being used, it really seems the payout from CPF life is better, or the plans that is being used to make the comparison, is not the best in this instance......
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?200707-CPF-Life-versus-other-annuity-plans&goto=newpost).