Can you afford retirement with just CPF in sunny Singapore?
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Originally posted by charlize:
So my idea to use as much of CPF to pay for the mortgage loans sounds good, yah?
After all, leaving it in the CPF means you might not get to see most of it when you retire.
Yeh pretty gd idea lol.
On a serious note, a lot of pple think that way....and just thinking that it's the unreachable CPF, they will go buy flats beyond their means. Govt transferring money from left pocket to right pocket....from CPF transfer to HDB. And the interest over 30 years...wow fantastic.
WAKE UP! Fucking sinkies.
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Originally posted by skythewood:
need minimum sum in cpf before you can use it for loans or properties, right?
Applies if one has hit the minimum sum age. Currently, at 55 i think.