Hi first post here. seeing all the heated discussion spurs me
on.
I am sure Daddy has valid points, i like that. I also agree that It
should never be made compulsory especially for people who has the
financial knowledge to obtain higher returns. I believe the govt
being as clever as they are should have already considered the fact
that we shall not live long.... and about the thought of our money
going up in smoke. They should have a plan B to inherit this to our
children (subjected to inheritance tax!) How can they give up a
good chance to earn?
How stupid can a govt get when what ever you do, you are tax. You
drive you kena, you dun drive you kena, you earn you kena you dun
earn you still kena (GST) im sure we still need to eat ..
I believe annuity is a good way of preserving cash as many sane
people confidently thought that they can manage their so call
wealth better with the money in their hands run out of control
often and end up poor.
The govt in singapore is already doing very good. Yes i agree that
it is very suffocating living in singapore and several of their
policies were extremely disappointing, but objectively i think they
still care for us as citizens for their own good. Its a situation
where we use each other to better ourselves. Who is there to tax if
all of us canot tahan and run away? They are already trying very
hard to please ppl , though many times in the wrong ways.
Then again any higher returns financial tools often comes with
higher risk. If you are looking for high returns. Then you shouldnt
be looking for annuity which basically is low risk low returns.
where got ai pi you ai qi one.
If the govt is able to solve the current concerns abt what happens
to the money if we die early/after we die and leaving it to be an
option for us to choose then i believe they could possibly win my
vote.
Just a note: to maximise your returns , let the money sit in cpf
till abt 62 before buying an annuity / perpetuity .
