S’poreans’ retirement funds enough for only 13 years: DBS survey

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(03-07-2014, 09:59 AM)egghead Wrote: Using CPF Life as an example. If $155,000 is able to generate $1,200 per month from 65 onwards for life, simply multiplying by 3 will get me $465,000 and $3,600 respectively. So why is $571,715 insufficient?

believe it or not, CPF life is cheap and more efficient because it is a national scheme(the scale) and stable premiums. However, it can only provide a very low initial value for such return, or it is not sustainable.

No other annuity insurance can have such scale. Just as MediShield is cheap, no other health insurance can have such stable premium or the scale.
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RE: S’poreans’ retirement funds enough for only 13 years: DBS survey - by freedom - 03-07-2014, 10:09 AM

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