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This guy has 800K in his CPF. (AK responds to HWZ Forum.)

A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...

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Why should AK care about your CPF savings?

Sunday, July 22, 2018

Reader says...
My colleagues have the thinking that they probably won't have chance to take out their CPF money as the govt keep shifting the goalpost.

Hence, since "cannot" take out, might as well use the money to buy another property or upgrade their property.

They don't want to do OA to SA transfer because it means even more no chance take out.

But I say can earn 4% hor.

They don listen. Hmmm...

AK says...
Like with anything in life, what we believe will determine what we do with our CPF savings.

What I have done in my blog is simply sharing my beliefs and the results which acting on my beliefs have achieved.

Some people share my beliefs and some people don't.

This is life and only natural.

We can bring a horse to water but we cannot make the horse drink the water.

If all else fails, I know I would still have the ultimate safety net which is my CPF savings.

Before using our CPF savings, we should ask if the cost and risk (if any) is worth taking.

I am feeling somewhat tired today and that is all I will say. 🙂

Please read related posts below:
1. We do better managing our CPF?
2. What to do if we don't trust the CPF?


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