Should you keep your savings in your CPF Special Account?
While it’s possible to use your CPF Special Account as your retirement plan, you need to prepare for the following scenarios. In the Straits Times, we recently read about a Singaporean man who wants to accumulate a million dollars in CPF savings. Is it possible? Certainly, and we’d even say we know a few people who have...
Returning CPF savings to retirees a win-win situation
The continued retention of CPF savings is a lose-lose situation for the PAP government and citizens. This is because GIC is forced to invest at inflated prices in an artificial low-yield environment while retirees are prevented from accessing money which belongs to them.. GIC was clearly aware of heightened investment risks...
“The Market for Lemons” & ‘Foreign Degrees’
The Economist is running this week with ‘Six big economic ideas: a collection of briefs on the discipline’s (economics) seminal papers’. I will use some of these ideas to offer a different way to look at our current conundrums. George Akerlof, “The Market for Lemons”: Akerlof used the 2nd hand car market to illustrate...
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