An honorable member of the Coffee Shop Has Just Posted the Following:
Over the weekend, was having lunch with one of my kaki when we spoke on cpf for retirement......
What he told me was quite surprising. He and the wifey bought their condo a few years back and understand they could have fully paid up their place.
Told me they just received their cpf statement and now it comes in a new format where they actually inform you of the total amount one have with just one glance. His is 450k, while the wifey is 350k. Or total of 800k.. They are in their early 50s.
He told me they are looking forward to take out the sum from their ordinary acct upon reaching 55. I told him they can look forward to a comfortable retirement.
This is excluding any savings they might have.......
I was very happy for them.....after all, their kids are all grown up.
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