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I have met many people who told me they didn't believe in the CPF and they didn't believe in CPF Life.
When I explained that CPF Life is an annuity that would pay us a monthly income for life from age 65, some would go on to say that they didn't believe in having annuities.
There are different reasons given for not having an annuity but amongst investors, those that do not believe in annuities usually believe that they can always do better investing their own money.
It could indeed be the case that some of us constantly outperform the market.
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| See related post #2 at the end of this blog. |
Well, I am not too confident of my own ability to do so.
So, I like to have some assurance that I would have a basic retirement income that is predictable.
In case my investments do not perform well enough in certain years, I have a well I can depend on.
Having a well helps us to live well.
Sorry, I couldn't resist it.
Really.
No Evian? At least have well water.
That is what an annuity like CPF Life can do for us.
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| AK anyhow draw one. |
Peace of mind is priceless.
Related posts:
1. An annuity.
2. CPF Life Escalating Plan.
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