As of 2003 dollars, the min sum in 2013 is likely to be
$120,000. After adjustment for inflation, it shd become approx.
$140,000 to $150,000. And that's when you turn 55 in 2013. If you
turn 55, ten, twenty or thirty years later? Min sum is likely to be
$200,000 to $300,000 by then.
And after paying all that hefty amount for your HDB, will you
have enough in your CPF for minimum sum?
Money is locked in by the govt. And so many singaporeans have
thought of liquidating their HDBs in the future when "it's
time"......don't count on it. The goalposts will shift again and
again. A mass withdrawals of such immensity will never be allowed
under the govt.
Govt going to face this problem soon (more old pple in another
15 to 20 yr time). Yes mass withdrawal will suck the cpf dry. They
will change policy here and there. The better policy is to increase
age. And increase the min amount in cpf, yes again, goal post shift
here and there. Pple will not be able to beat them.
Hey, my manager are like that too. Decision change here and
there and subordinates always in the loosing end.
