Uncle Tattler on ‘CPF enough for retirement’ study: Even pigs will fly
According to above table, after working 30 long years, the male guy earning $1,820 can expect a future income of only $2,340. Even if the poor bloke had a guaranteed salary increment of 1 percent each year, he should be looking forward to earning $2,428 or more. Do the math. Discounted backwards, that kind of pay is not enough...
Uncle Leong: ‘CPF enough for retirement’ study too idealistic
Leong Sze Hian I refer to the report “Prudent housing choices ensure enough CPF savings for retirement: survey” (Channel NewsAsia, Nov 14). http://www.channelnewsasia.com/stories/singaporelocalnews/view/1237171/1/.html It states that “And men earning median incomes at the 50th percentile should be able to replace 70 per...
CPF is enough for retirement – only if we work till we drop!
I just had to blog about this glaring laughable oxymoronic claim. Read in The Straits Times today that young Singaporeans supposedly have enough CPF savings for their retirement according to a study done by two NUS professors. Ah but the catch is, sorry the three catches according to the study are: 1. They Must be prudent...
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