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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 questions and comments made by some people there.
I am amazed that there are more than 10 pages of comments and I am even more amazed by some of the comments made.
There is plenty of ignorance in that thread.
There is also so much "jelly" that HWZ can start a dessert shop.
What about HWZ starting a grocery since there are plenty of grapes too but they are of the sour variety and might not sell well?
So, how like that?
Read:
Jin jelly or jin buay song my CPF?
If only people bother to find out the facts instead of reading fiction.
Either way, we are spending time.
Want to spend time reading something useful or something useless?
If they did find out the facts, they would realise that the CPF is here to help ALL members to achieve a basic level of retirement funding adequacy.
Read:
A cornerstone in retirement funding.
Fortunately, there are also voices of reason in that forum and I am very happy for them.
Honestly, many rich people I know would like to park more of their money in their CPF accounts but they are not allowed to do so as the CPF is not a system created to make the rich richer.
Unfortunately, often, people who should be making use of the CPF system more in order to retire more comfortably are the ones keeping their distance.
Read:
Purpose of the CPF is to make the rich richer?
Complaining is not going to help us understand the system.
Complaining is not going to make the system work for us.
Instead, find out more about the system and see how it could possibly work to our advantage.
It is really about helping the system to help ourselves.
HWZ Forum says:
Is AK really blogging about his CPF savings to show off and because he has no life?
I blur.
I don't know why some people are laughing at my CPF savings.
Really, I blur.
However, I know I am laughing because I have my CPF savings.
The CPF will help us secure a measure of retirement funding adequacy because we will retire with
1. an investment grade bond (excess beyond prevailing Full Retirement Sum can be withdrawn at age 55)
and
2. a lifelong annuity (CPF Life) that pays us monthly from age 65.
I blog about the CPF and my journey with CPF extensively.
If anyone is willing to put in the effort to read, they will find the answers here.
Of course, I understand that it requires less effort and it is probably more thrilling to take potshots and in the dark too.
I hope for the sake of these thrill seekers that they are not throwing boomerangs at me.
Related post:
My 2018 CPF savings.
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