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Singaporeans actually spend less than 1/3 or less of their inmcoe for themselves each month. The rule of thumb as below1/3 goes to CPF1/3 goes to support parents/children and savings1/3 or less goes to spendingAt the time of our retirement, we do not have to support parents or children. So theoretically, your should have enough to goes for 35 years or more, assuming you retire at 60.Your 1/3 CPF saving should comfortably last you until 95. Unfortunately, the raiding of our savings through inflation is a problem. You are going to save yourselves into bankrupcy.To implement force savings, the government need to assure the price level remain unchange. PAP failed miserably. The whole CPF is ponzi. CPF must be allow to be saved in physical gold bullion.
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(VISITOR) AUTHOR'S NAME
Sie
MESSAGE TIMESTAMP
16 december 2014, 20:19:49
AUTHOR'S IP LOGGED
117.169.1.88
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