There has been a lot of discussion about CPF Life. On paper, it seems like an excellent scheme - pay you a sum of money for life. However, there are still many concerns e.g. what about those who does not have sufficient amount in their CPF, how much monthly payout to opt for, how much is the premiums etc. We can only wait for the government to release the exact details. However, one common consensus among financial experts is that we should not rely solely on CPF Life for our retirement. Wilfred's views on CPF Life. CPF Life 1 (A Superior Product) The recent annoucements of the national annuity is good for Singaporeans. It is good because

1. The underlying interest rates are partly funded by tax payers' monies (the SMRA extra interest will cost tax payer $700 million every year). Thus it is impossible for anyone and any private institutions to get such high risk-free rate by mere investment. Read more...

CPF Life 2 (Anti Selection) The flexibility of allowing 12 options (specifying the deferred period) in the CPF Life annuity scheme seemingly provides choices for CPF Members. However, this opens up an anti-selection. Read more... CPF Life 3 (Gender) I found this statistic very troubling: Read more... CPF Life 4 (Inflation) All aged 50 and below will enter the CPF Life scheme because it is compulsory. The examples given was that at $67,000 cash from RA, that will yield roughly $600 monthly income from age 65. Exact amount depends on ROI and gender. Read more... Videos on CPF Life By: The Straits Times - Video News Getting more to be CPF Life-savvy CPF Life - Making choices for life On a lighter note, here's Mr. Brown views on CPF Life. Hope you have a good laugh. CPF (You Won't See For) Life: Compulsorily Flexible