Annuities Protest
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hahaha, I wud expect you to say that. The point with you is that you don't even understand my question "What are you so unhappy about when you have CPF and 1% to come? If you don't want the CPF and 1%, you can always give it to me. I asked why do people want to protest about the annuity? And you can't give me an answer.Originally posted by qlqq9:If you are not so unhappy about the people here, go to PAP's website and don't come back here. YOu will be happy surfing PAP's website. YOu can feel free to praise PAP in their website and feel free to carry their balls.
It seems to me that you are anti-PAP for whatever personal reason or secret agenda but you have no right to talk about annuity unless you can stand up and say that you will take care of those without sufficient retirement fund and will live way beyond their retirement years. Don't cloud the issue with your own personal agenda - that is extremely SELFISH. Whatever your gripe you may have with this govt. - you are no better than the PAP you are accusing when you can't find solution to a problem. The issue here is annuity - I don't care a damn whether you love or hate PAP. -
hahaha, I wud expect you to say that. The point with you is that you don't even understand my question "What are you so unhappy about when you have CPF and 1% to come? If you don't want the CPF and 1%, you can always give it to me. I asked why do people want to protest about the annuity? And you can't give me an answer.
It seems to me that you are anti-PAP for whatever personal reason or secret agenda but you have no right to talk about annuity unless you can stand up and say that you will take care of those without sufficient retirement fund and will live way beyond their retirement years. Don't cloud the issue with your own personal agenda - that is extremely SELFISH. Whatever your gripe you may have with this govt. - you are no better than the PAP you are accusing when you can't find solution to a problem. The issue here is annuity - I don't care a damn whether you love or hate PAP.
Come on Bro wang Lung, if you manage to search throughly throught this forums you will be able to find answer to your questions. most ppl here dont object for the sake it, they do provide reasons to support it. And in most times, it the pro govt that has to stand or just echoing the same sentiments of govt again and again.
1. i dont object the annuity and in fact but i dont agree it must be make compulsary for everyone. they should make it the opt in option. they are postphoning it because ppl like us who you deem KPKP are making a difference in govt policy and in fact it my opinion it ppl like yourself who arent making a difference in our society without contributing opinions others than agreeing with what the govt already think of and said.
2. CPF increase to 1 % that a great idea but not fantastic. did you ever think why they want to do it? they are revising it because they knows the middle class ppl are getting in the CPF and feedback are collected thru multiple forums, feedback session with grassroots. anyway, i would rather trade my freedom to withdraw my CPF as and when i want than the extra 1% + extending my eligible withdrawal age. -
You know, I read thru all the posts, yet I can't get answers to my own questions. Perhaps, you can do better then me.Originally posted by reyes:[b]Come on Bro wang Lung, if you manage to search throughly throught this forums you will be able to find answer to your questions. most ppl here dont object for the sake it, they do provide reasons to support it. And in most times, it the pro govt that has to stand or just echoing the same sentiments of govt again and again.
1. i dont object the annuity and in fact but i dont agree it must be make compulsary for everyone. they should make it the opt in option. they are postphoning it because ppl like us who you deem KPKP are making a difference in govt policy and in fact it my opinion it ppl like yourself who arent making a difference in our society without contributing opinions others than agreeing with what the govt already think of and said.
2. CPF increase to 1 % that a great idea but not fantastic. did you ever think why they want to do it? they are revising it because they knows the middle class ppl are getting in the CPF and feedback are collected thru multiple forums, feedback session with grassroots. anyway, i would rather trade my freedom to withdraw my CPF as and when i want than the extra 1% + extending my eligible withdrawal age.
You have a lot of contradictions - you don't object but you want it to be optional. If that is the case, then why build annuity into CPF. It is like saying I object to putting my money in CPF but I want my employer to contribute! Wouldn't you say: it is optional for the employer to contribute - then you tell me how many employers will.
To pay 1% to you only is really really peanut. But to pay the millions of CPF members - pls do some arithmetic for me. Many forumers here think money grows on trees in our Botannical Garden. Monkeys there can think better!
The refrains I read in all the posts are: I can manage my own money and get better returns. I tell you this: go attend AGMs of companies you invest your monies in and tell the Boards to increase dividends by 1%. When you managed to get them to do that, tell me which company and I will move my money there.
The fact that the annuity scheme is aired and debated in public and moved without haste is a testimony that when it comes to MONEY, people are very sentimental, very emotional, very irritable. Human nature is this: my MONEY, don't you touch! Even the best of intention to help is interpreted wrongly. I am sorry you are exactly like the old relatives I was trying to help. They think I was after their money when I proposed certain ways to manage their limited financial means to see to their grand old age. I had already explored annuity schemes long before this gahmen make it public!!!! -
Originally posted by TheGoodEarth:
The problem is simple.... cpf is our money... if we cant even have a said of how we spend our money.... do u think that is rite? and do u think there isn't any problem with that?
You know, I read thru all the posts, yet I can't get answers to my own questions. Perhaps, you can do better then me.
You have a lot of contradictions - you don't object but you want it to be optional. If that is the case, then why build annuity into CPF. It is like saying I object to putting my money in CPF but I want my employer to contribute! Wouldn't you say: it is optional for the employer to contribute - then you tell me how many employers will.
To pay 1% to you only is really really peanut. But to pay the millions of CPF members - pls do some arithmetic for me. Many forumers here think money grows on trees in our Botannical Garden. Monkeys there can think better!
The refrains I read in all the posts are: I can manage my own money and get better returns. I tell you this: go attend AGMs of companies you invest your monies in and tell the Boards to increase dividends by 1%. When you managed to get them to do that, tell me which company and I will move my money there.
The fact that the annuity scheme is aired and debated in public and moved without haste is a testimony that when it comes to MONEY, people are very sentimental, very emotional, very irritable. Human nature is this: my MONEY, don't you touch! Even the [b]best of intention to help is interpreted wrongly. I am sorry you are exactly like the old relatives I was trying to help. They think I was after their money when I proposed certain ways to manage their limited financial means to see to their grand old age. I had already explored annuity schemes long before this gahmen make it public!!!![/b]
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Originally posted by TheGoodEarth:
best of intention to help is interpreted wrongly ?
You know, I read thru all the posts, yet I can't get answers to my own questions. Perhaps, you can do better then me.
You have a lot of contradictions - you don't object but you want it to be optional. If that is the case, then why build annuity into CPF. It is like saying I object to putting my money in CPF but I want my employer to contribute! Wouldn't you say: it is optional for the employer to contribute - then you tell me how many employers will.
To pay 1% to you only is really really peanut. But to pay the millions of CPF members - pls do some arithmetic for me. Many forumers here think money grows on trees in our Botannical Garden. Monkeys there can think better!
The refrains I read in all the posts are: I can manage my own money and get better returns. I tell you this: go attend AGMs of companies you invest your monies in and tell the Boards to increase dividends by 1%. When you managed to get them to do that, tell me which company and I will move my money there.
The fact that the annuity scheme is aired and debated in public and moved without haste is a testimony that when it comes to MONEY, people are very sentimental, very emotional, very irritable. Human nature is this: my MONEY, don't you touch! Even the [b]best of intention to help is interpreted wrongly. I am sorry you are exactly like the old relatives I was trying to help. They think I was after their money when I proposed certain ways to manage their limited financial means to see to their grand old age. I had already explored annuity schemes long before this gahmen make it public!!!![/b]
Can help be interpreted wrongly if the language is clear and the words are not ambiguously used ?
Why should the hard earned monies of individuals - that have been deducted for the best parts of one's working life - end up in an Annuity Scheme, and to be thrown into a COMMON POOL for the benefit of other surviving members to the Annuity Scheme, all of whom are strangers to me and my money ?
Why should the remaining amounts of my money money not be left for the benefit of the surviving members of my family for their immediate use ?
If the MIW and the Cabinet Ministers think nothing of their sudden surge in their wages - that will form the pension for the rest of their lives, that will COST SINGAPOREANS TAXPAYERS TO FUND THEIR PENSIONS, why will this Government and the MIW bitch about the niggardly 1% into the smallest part of our CPF account ?
The CPF is a PROVIDENT FUND intended as a SAVING SCHEME - and WAS NEVER a PENSION SCHEME - it was supposed to be paid out as a Lump Sum at the Retirement Age as originally promised to Singaporeans.
A Pension Scheme offer a Life Long Payout based on Part of the Last Drawn Wage prior to Retirement - and is paid out either as a Lump Sum, or some parts being paid out for the rest of the natural life of the Retiree.
An Annuity Scheme is similar to a Pension Scheme in its financial payout form, with the scheme being part of an Insurance Plan that one invests in either during one's working life, or as a retirement package committed by the Retiree with available Tax Free funds.
Some Annuity Scheme will pay a bonus of 5% to provide a self-funded escalating Annuity payout and this is possible from the large pool of money that is available for the Annuity Fund Managers to invest and generate profits.
The Annuity Scheme that Singaporeans are forced to take up do not pay out any profits even as the amount that is created based on a NATIONAL FORCED ACCEPTANCE has created a huge pool of money overnight.
To top the cake, the MIW and Government is expecting us to swallow changes to the CPF NATIONAL SAVING SCHEME that affects OUR MONIES - without our agreement or approval.
Switzerland a true First World Model will have consultation with the Citizens that allow every Swiss to participate in a Referendum on ALL ISSUES that DIRECTLY AFFECT THE LIVES OF THE SWISS CITIZENS.
This self-acclaimed First World Singapore Government and self-proclaimed Singapore Elites have the audacity to claim higher intelligence and refused to face the collective wisdom of all Singaporeans in how best our own monies should be handled.
The Third World Mentality in a ''Talk-down'' approach of ''I Know What is Best for You'' persist in the Singaporean MIW Elite.
The Government and especially the MIW owe to ALL Singaporeans a better deal than what they have been dishing out up till now.
Singaporeans have been squeezed at every turn of events, and it is the monies that Singaporeans have contributed into the CPF since the MIW stepped into Political Power in 1957 that has created Singapore - as in 1957, the MIW claimed that the Lim Yew Hock Government had left them an empty State Treasury of $1 only.
The CPF monies from Singaporeans have built up the infra-structure, which Singaporeans also have to pay for its use, even as it is the CPF money that was used to built it.
The CPF monies from Singaporeans have been used to build the HDB Estates in supposed low-cost housing, yet the price that HDB sells the built units will empty our individual CPF accounts, and end up bloating the HDB account that is transferred to the Finance Ministry. It becomes even more ridiculous when the Minister MBT will even offer to help Singaporeans to re-mortgage the fully paid HDB units so as to free up the money that is locked in the over-priced HDB units; and with more money to be made by HDB in this re-mortgage.
The CPF monies from Singaporeans were used to start-up Government Linked Companies - from SIA to Sembawang Engineering, to National Orient Lines, ST Engineering, Chartered Industries, and a whole stable of GLCs with assorted names.
If the MIW and the Government has the interest of Aged Singaporeans at heart, it would have been less controversial for the MIW and the Government to take 1% from the Gross or Net Profit of the combined TOP TEN Government Linked Companies - or simply from the Gross or Net Profit of GIC and Temasek Holdings - and pay for the annual premiums of a National Annuity Scheme.
Why will the Government be so generous in planning to give away the private monies of Singaporeans, but will not be as generous with the monies from their own Government Owned Companies that righfully belonged to All Singaporeans ?
Surely, in attempting to help Singaporeans, the Government is actually helping themselves in covering up their own inability to pay out all the monies from the CPF that are due to be paid to every Singaporean Citizen who is retiring ?
Did we mis-interprete the Government efforts to help us, when their actions and words are as clear as daylight that our monies in the CPF will finally not be returned to us - even as we pass on from this Life ? -
Originally posted by TheGoodEarth:
I have 2 points:
The refrains I read in all the posts are: I can manage my own money and get better returns. I tell you this: go attend AGMs of companies you invest your monies in and tell the Boards to increase dividends by 1%. When you managed to get them to do that, tell me which company and I will move my money there.
The fact that the annuity scheme is aired and debated in public and moved without haste is a testimony that when it comes to MONEY, people are very sentimental, very emotional, very irritable. Human nature is this: my MONEY, don't you touch! Even the [b]best of intention to help is interpreted wrongly. I am sorry you are exactly like the old relatives I was trying to help. They think I was after their money when I proposed certain ways to manage their limited financial means to see to their grand old age. I had already explored annuity schemes long before this gahmen make it public!!!![/b]
(1) I invest in companies that generate > 50% of share price value
(2) The monies in CPF account is MY money, and it should be MY freedom to decide what to do with it. Whether I buy an annuity scheme or not is besides the point. The main gist is about your monies being held, and you being told what to do with it.
Its like telling you which girl to get married to, which day to have sex, when to have kids, etc.
Finally, if you aren't able to convince your old relatives, so be it. Its not your business where they put their money in. Its up to them to decide what to do with it. You can only ADVISE, but you CANNOT ENFORCE -
Annuities a good idea? Let's just say that I rather opt out. Right here right now.
But do we have a choice? NO! Singaporeans, you can continue to be lead by a leash... forever to be on this leash of the government. Until the day you die.
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Originally posted by bigmouthjoe:
I cannot understand why people like to be hand-held and told what to do.
Annuities a good idea? Let's just say that I rather opt out. Right here right now.
But do we have a choice? [b]NO! Singaporeans, you can continue to be lead by a leash... forever to be on this leash of the government. Until the day you die. [/b]
Its my choice if I wish to opt in or out of the scheme. Why do you need to enforce? Does this imply the govt doesn't believe in their own education system, that they are quietly acknowledging our 'world-renown' schools produce citizens that cannot think for themselves? -
I stranger told me that singaporeans are cultivated already. They are like that wont change wan. I dunno leh.Originally posted by soul_rage:I cannot understand why people like to be hand-held and told what to do.
Its my choice if I wish to opt in or out of the scheme. Why do you need to enforce? Does this imply the govt doesn't believe in their own education system, that they are quietly acknowledging our 'world-renown' schools produce citizens that cannot think for themselves?
Another stranger told me, he thinks its better to have savings endowment plan than this since with savings plan, he can withdraw all his money with interests at maturity. He said, annuity, when he dieded , his money not like insurance where his money goes to his family members. He said he is farked already. I told him, cool down. I said, YOU deserve the wonders brought to you by your beloved and caring and kindest of all minsters who fight for you and sacrifice for the country earning not the highest pay in private sector but only the highest pay in the whole world of politicians.
After hearing my wisedom words, he dieded cork standing. -
Originally posted by soul_rage:I have 2 points:
(1) I invest in companies that generate > 50% of share price value
Why don't you be a good samaritians and tell us which companies? I am sure the many who don't want the gahmen to delay withdrawals will call you god.
(2) The monies in CPF account is MY money, and it should be MY freedom to decide what to do with it. Whether I buy an annuity scheme or not is besides the point. The main gist is about your monies being held, and you being told what to do with it.
Its like telling you which girl to get married to, which day to have sex, when to have kids, etc.
CPF was created as a provident (retirement) scheme. While the money is yours (was there ever a legal issue about who is the rightful owner?); the scheme is meant to see you for the rest of your life after retirement. Question is: is that sufficient if people live longer? These are the fundamental issues which you and so many political wannabes don't even grasp! You keep harping at MY money, I want to do what I want.... don't treat me like a kid, respect my wishes, gahmen is cheating me, breaking social contract, etc., etc., etc., ....... All these are barking up the wrong tree! Have you make a calculation of how much you need for a year? Why don't you tell us how much you spend a month now?
Finally, if you aren't able to convince your old relatives, so be it. Its not your business where they put their money in. Its up to them to decide what to do with it. You can only ADVISE, but you CANNOT ENFORCE.
I will accept your argument if you can answer this question sincerely: "When they don't have any means to support their long lives, will you help me pay for their living expenses???" -
Hi guys...
Well.... there are bound to have some PAP lovers and PAP Haters in SgForums...
Same goes for the annuities, some people like it some people dun..
I am one of those 66.6% voters and I am regretting my decision...
No matter how much we argue abt it, annuities will still be made compulsory...
Those who continue to believe in PAP....Let them be...
As for those more politically aware as well as tech-savvy, do wat u can to amass ur wealth and get out of this country...
I dunno for u guys but I eventually will...
Label me as a QUITER ..I dun really care...
Why should I slog and slog and help my country propser and get treated like a dirt-bag and burden in my twlight years...
PAP will definitely quote some statistics that POINT out that people are indeed living longer and beyond 85 years old... So wat ???
How many can there be ? Singapore is already a very stressful working society and this is evident from our ever decreasing birth rate... Can stressful people be happy and live to 85 years old ? Even if one managed to live to 85 years old, how many more years can one enjoy the paltry payout from the Annuity... In fact, how much percentage of our CPF are going into this pool?? No details has been announced...
As for the 1% increase.... it is just crap... Yes... People claim that it is risk free and the PAP made it sound like such a good deal...but actually it is not... In Europe, the average interest rate from a saving account in a bank is 5% and they are 1st world countries.....Singapore is just a country with 1st World COST and 3rd world WAGES... Looking at the ever spiraling increase in cost of living is evident... Fare hike...Electricity hike... CPI rising...etc...
Anyway..I am digressing...Back to the annuity scheme..
Just looking at the BIG PICTURE of the scheme is evident that the PAP is shirking their MORAL responsiblity to take care of their aged citizens... I do not avocate a WELFARE solution but the govt should play an active role in caring for its citizens... Offering of 1% is simply a gesture and not a generous move .... GIC and Temasek made tons of $$$ from investment using cheap money source from our CPF.... Where has these $$$ gone to ??? With a combined reserve of $400 Billion locked in Assets or other investments in GIC and Temasek, I am sure these investments can generate enough cashflow to fund the annuity scheme instead of the citizens having to fork out for it...
Avocating the citizens to work beyond 55 is also a crappy notion... How many can find meaningful work beyond 55 ?? Clearing the tables and being floor sweepers !?!? Only in SINGAPORE can we find the aged clearing tables in food courts and fast food restaurants.... Will that become the future for the Aged ??? Only the Ministers get paid a pension and millions of salary as they age... How abt the citizens !?!!? There are so many people with Managerial experience but being retrenched and ended up as Taxis Drivers.... People with the plight of Derek Wee.... I do not know abt u guys... But I am taking my cue from the PAP... BAscially...AMASS as much wealth as u can when u are young and do not even hope to depend on the govt... They have shown their GREED and they have been ruling by GREED...
Be smart and amass ur wealth and then retire somewhere with a slower pace of life and lower living cost.... As PM Lee says... OLD people are "BO GEH" and need just porridge to survive...No need for so much money and thus the paltry payout will suffice... Well.. Do not forget that we Singaporeans can always relingush our citizenship and migrate somewhere and in the process withdrawing all our CPF money IMMEDIATELY....
DO NOT LET UR LIFE BE BOUND BY THE ILLUSIONARY DEBTS LAID UPON U BY THE PAP.... -
Originally posted by TheGoodEarth:quote:Originally posted by soul_rage:
I have 2 points:
(1) I invest in companies that generate > 50% of share price value
Why don't you be a good samaritians and tell us which companies? I am sure the many who don't want the gahmen to delay withdrawals will call you god.
You see? This is your problem. You prefer to be a bird in the cage, being told what to do.
I have long went on to be responsible for my own life and my own investments.
(2) The monies in CPF account is MY money, and it should be MY freedom to decide what to do with it. Whether I buy an annuity scheme or not is besides the point. The main gist is about your monies being held, and you being told what to do with it.
Its like telling you which girl to get married to, which day to have sex, when to have kids, etc.
CPF was created as a provident (retirement) scheme. While the money is yours (was there ever a legal issue about who is the rightful owner?); the scheme is meant to see you for the rest of your life after retirement. Question is: is that sufficient if people live longer? These are the fundamental issues which you and so many political wannabes don't even grasp! You keep harping at MY money, I want to do what I want.... don't treat me like a kid, respect my wishes, gahmen is cheating me, breaking social contract, etc., etc., etc., ....... All these are barking up the wrong tree! Have you make a calculation of how much you need for a year? Why don't you tell us how much you spend a month now?
1) I don't need to report to you unlike you who prefer to be a bird in the cage. My life is how I wish to lead. All I need to tell you is, I live a good life with enough savings and doing enough investments to enhance my wealth, much better than that miserable 2.5% or 4% they are giving you.
2) You don't even understand the basics of investment, and here you are harping about others not grasping fundamentals.
Finally, if you aren't able to convince your old relatives, so be it. Its not your business where they put their money in. Its up to them to decide what to do with it. You can only ADVISE, but you CANNOT ENFORCE.
I will accept your argument if you can answer this question sincerely: "When they don't have any means to support their long lives, will you help me pay for their living expenses???"
People will need to learn how to take care of themselves. That's all I have to tell you. Spoonfeeding will result in more and more dependency, which in turn continues the vicious cycle of people like you (bird in the cage)
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hahahha, you have not offered anything .... just wild claims. My basic questions you eilat, cannot answer at all. But you are good at projecting. That's all you can show!Originally posted by soul_rage:
You are so clever in investment, how come you are so miserable that even $10,000 for an annuity is such a big deal for you when you can easily make $$millions with your investment???
Like a I said: be a good samaritarian, tell us how to make so much money like you. What's your point of you calling me names? I can also call you name, a kid can also do better than you in calling names. Come on, you have nuthing but just a load of personal gripes and political vibes! -
ehh.... just wish to put in a neutral comment....Originally posted by soul_rage:I have 2 points:
(1) I invest in companies that generate > 50% of share price value
(2) The monies in CPF account is MY money, and it should be MY freedom to decide what to do with it. Whether I buy an annuity scheme or not is besides the point. The main gist is about your monies being held, and you being told what to do with it.
Its like telling you which girl to get married to, which day to have sex, when to have kids, etc.
Finally, if you aren't able to convince your old relatives, so be it. Its not your business where they put their money in. Its up to them to decide what to do with it. You can only ADVISE, but you CANNOT ENFORCE
There are people who, on retirement withdraw all the CPF and had finished it way before they die. The money is too theirs and they decide how to spend it. But not everyone is as savvy as urself. So those who had used up their savings, what do they do? Approach MP for help, create other society problems. This is what happened to a distance-relative.
So looking from this angle, I guess the ruling party may have their point too. What do u think about people who do not plan for their future? I guess either you forcefully plan it for them or, after they used up everything, they come back and bother you. If you dun lend them money, they say you no good. Then how?
Sigh.... -
Hi soul_rage.Originally posted by soul_rage:Soul_rage: Finally, if you aren't able to convince your old relatives, so be it. Its not your business where they put their money in. Its up to them to decide what to do with it. You can only ADVISE, but you CANNOT ENFORCE.
GoodEarth: I will accept your argument if you can answer this question sincerely: "When they don't have any means to support their long lives, will you help me pay for their living expenses???"
Soul_rage: People will need to learn how to take care of themselves. That's all I have to tell you. Spoonfeeding will result in more and more dependency, which in turn continues the vicious cycle of people like you (bird in the cage)
I guess GoodEarth have a point too. I fully agreed people need to learn how to take care of themselves, need to be independent. However not all people are responsible. I have friends who are AMs, even AVPs in a bank, that gets into huge credit debt.
I fully agreed people need to learn how to take care of themselves, need to be independent. But what if at the end, they dun?
In the case of GoodEarth's relative, if he/she dun bother, and ended up penniless at old age, can GoodEarth ignore him/her when he/she comes begging at GoodEarth's door? Can GE say, "See i told you you should do this do this do this, but u never follow, so now u suffer!" and shut the door??
I think the ruling party too cannot afford to have citizens begging them for money dun to the citizens own irresponsible spending. If citizens come begging, the government can't turn them away too. If they do that, the citizens are going to bad-mouth the government....
Personally, I'm against the annuity thing too. But this is only because I understand my own requirement in future, and I take steps towards it. So the annuity thing to me is a "liability". But how about people who doesn't care?
Even a bank AVP can spend more then her pay every month and build up huge credit card/credit line debts.....how about the normal layperson on the street? -
ermmm... depending on who ask me for $$ lo.... if it's my parents then I'll give willingly coz they are the one who make me today... they spend their life contributing wat they could to allow me to be able to come this far...Originally posted by airgrinder:I guess either you forcefully plan it for them or, after they used up everything, they come back and bother you. If you dun lend them money, they say you no good. Then how?
Sigh....
same same lo... those pple asking for $$ one oso once contributed so much to the country... if nt, u take for FTs... of coz those wif capabilities and fore-sight will contribute less le lah.... -
Problem is...the annuity payout starts at 85. How many live well beyond that?Originally posted by airgrinder:ehh.... just wish to put in a neutral comment....
There are people who, on retirement withdraw all the CPF and had finished it way before they die. The money is too theirs and they decide how to spend it. But not everyone is as savvy as urself. So those who had used up their savings, what do they do? Approach MP for help, create other society problems. This is what happened to a distance-relative.
So looking from this angle, I guess the ruling party may have their point too. What do u think about people who do not plan for their future? I guess either you forcefully plan it for them or, after they used up everything, they come back and bother you. If you dun lend them money, they say you no good. Then how?
Sigh....
If annuity payouts begin at 60 and the money is reasonable, why not? But to the contrary, sadly. -
Should we be impressed with your continued hung up on others gripes and vibes ?Originally posted by TheGoodEarth:hahahha, you have not offered anything .... just wild claims. My basic questions you eilat, cannot answer at all. But you are good at projecting. That's all you can show!
You are so clever in investment, how come you are so miserable that even $10,000 for an annuity is such a big deal for you when you can easily make $$millions with your investment???
Like a I said: be a good samaritarian, tell us how to make so much money like you. What's your point of you calling me names? I can also call you name, a kid can also do better than you in calling names. Come on, you have nuthing but just a load of personal gripes and political vibes!
Are you stuck in your crap that limit your vocabulary ?
Your head must be buried deep in the hole that you recommend to everyone to do likewise so as not to be agitated by the hole.
Brilliant artwork of an escapist. -
ya, i thought the 85 is too late
But i think they are looking at several options right now.
btw, anyone know how much is the annuity? -
yoz. Just comment on the vaild points if they have and ignore the rest. Let it die off by itself.Originally posted by Atobe:Should we be impressed with your continued hung up on others gripes and vibes ?
Are you stuck in your crap that limit your vocabulary ?
Your head must be buried deep in the hole that you recommend to everyone to do likewise so as not to be agitated by the hole.
Brilliant artwork of an escapist.
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Not confirmed yet.Originally posted by airgrinder:ya, i thought the 85 is too late
But i think they are looking at several options right now.
btw, anyone know how much is the annuity?
However, judging from market rates and the low returns from annuity pools, it shouldn't be anything of a miracle.
Well, let's wait and see. -
It is suppose to pay you $250 per month until you take your last breath.Originally posted by airgrinder:ya, i thought the 85 is too late
But i think they are looking at several options right now.
btw, anyone know how much is the annuity?
With this sum to live on, you will not breathe too long, and the large amount of money that you would have received originally in the CPF lump sum payout is then lost forever in the Annuity Pool.
This will conveniently save the Government from admitting that they cannot payout the CPF lump sum that they had originally promised all Singaporeans in 1957; and which even the Howe Yoon Chong Report in 1984 only delayed the lump sum payout till age 60.
If a check is made to the Singapore Department of Statistics, it clearly shows that Singapore Males will generally die at age 79, and Females will pass on at age 81.
Why make it stop at age 85, is there no hope that everyone will live till a ripe old age of age 99 ? -
Originally posted by Atobe:Should we be impressed with your continued hung up on others gripes and vibes ?
No, just be pressed.
Are you stuck in your crap that limit your vocabulary ?
No, my vocab increases every time I create new crap.
Your head must be buried deep in the hole that you recommend to everyone to do likewise so as not to be agitated by the hole.
No, I recommend everyone to join me to pay a visit to this particular nursing home where two patients are 100 yrs and the average age of patients is 75.
Brilliant artwork of an escapist. [/color]
Not so brilliant bcos I use one colour - red. -
OoOOOooOooo...Originally posted by TheGoodEarth:No, I recommend everyone to join me to pay a visit to this particular nursing home where two patients are 100 yrs and the average age of patients is 75.
only 2 patients get to enjoy the annuities payout and the rest of the patients needa wait 10 more yrs b4 the annuities payout ar???
10 yrs many things can happen u know?
9 yrs later mabbie change of leaders again leh? then maybe will extend payout age to 100 leh... since the home already got 2 can enjoy payout...
u know? 10 yrs... u can deny? or u can predict future?
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Only you will want to press your own crap.Originally posted by TheGoodEarth:
Quote: Originally posted by Atobe:
Should we be impressed with your continued hung up on others gripes and vibes ?No, just be pressed.
Yes, only the yayaya papayas increases with the vibes of your piled up crap.
Are you stuck in your crap that limit your vocabulary ?[color=red]No, my vocab increases every time I create new crap.
With the dubious credibility that you have displayed, we will surely believe in your ability to feed crap to those age 75 to 100.
Your head must be buried deep in the hole that you recommend to everyone to do likewise so as not to be agitated by the hole.No, I recommend everyone to join me to pay a visit to this particular nursing home where two patients are 100 yrs and the average age of patients is 75.
That shows the one color crap that you are capable of - it shows the negative vibes inside yourself, and you were attempting to tell others to tone down the vibes and the angst ?
Brilliant artwork of an escapist.Not so brilliant bcos I use one colour - red.
If this is not enough to confirm the crap that makes the earth good...