Regular readers know that I only want to be a happy peasant. I was never royalty or an aristocrat. I am of the masses.
DPM Tharman said before that the CPF is meant to help the working masses. That is why there is a limit to doing OA to SA transfer, to doing MS Top Ups to the SA and also to doing Voluntary Contributions to the MA.
For many people, it is easy to miss the big picture. A fixation on theoretical opportunity cost could turn out to be costly. In our investment portfolio, the CPF should be considered an investment grade bond component that gives us peace of mind (and relatively good coupons). It is not, however, the be all and end all in a sound retirement funding plan.
We cannot build a house on just a cornerstone but to give up a cornerstone in a house, we must have a high level of certainty that whatever takes its place is going to be just as strong or stronger. If the alternatives have a higher level of risk or a greater degree of volatility, then, we would need a helping hand from Lady Luck to ensure the house remains standing in the years to come.
Be careful who we listen to when we build a house of our own.
I will be taking a break from blogging etc. for a few days. It is probably a good idea to get away from things familiar for a bit.
Don't worry. I will be back. :)
In the meantime, keep building your house carefully. ;)
1. AK is showing off his CPF-OA and MA.
2. AK's SA outperformed in 2015.
3. Building a cornerstone in retirement funding.